How to Become Wealthy

The popular belief among many people is that growing their wealth is a complicated process that requires technical knowledge that is out of their reach.  As a result, over 50% of Americans live paycheck to paycheck and 15% are consistently digging themselves further into debt.  The good news is that reversing this trend is much simpler than managing complicated financial products on Wallstreet.  According to the Free Money Finance blog, building wealth comes down to two simple equations:

Income – spending = surplus

Surplus x time = wealth

What the author is arguing is that many Americans simply spend more than what they make.  As a result, no surplus is ever gained and no wealth is accumulated over time.  However, carefully managing what you spend compared to what you make will give you a surplus that can start working for you.  With some smart and safe investing your savings can start earning you money over time.  It may not be immediately gratifying, but it can make a big difference over the long run.  Talk to your local credit union and let their advisers help you find a financial investment that works for you so that you too can become wealthy.