There are many "secrets" out there to build wealth, but only 1 sure fire way to make sure it happens. No complicated math or weird investment strategies you have never heard of.

I dream of having the resources like those discussed in the FIRE (Financial Independence Retire Early) blog posts but at this stage in my life I can not save 50% plus of my income. My first step to Financial Independence is to save $10 per day.

After 40 years at 5% compounded interest of $10 per day, is about $500,000. Increasing the return to 8% leads to $1.6 million.

These are conservative numbers of long term traditional investment asset growth. Results can be improved using nontraditional investments but risk increases as well.

Bottom line: take action every day to make yourself wealthy. My is to pick up a side hustle and at least double the savings to $20 per day.

Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.

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