Start Small

Building wealth is not just about saving money, but also trying to increase your income. Besides asking your boss for a raise which might lead to you getting fired, it may be best to start your own business. Starting your own business can be risky but if successful the rewards would be worth it. I recently read a great book written by a co-founder of the Subway restaurant chains. He initially wanted to earn some money to pay his way through college. When a family friend offered him $1000 starting capital to invest in his first shop, Subway was born. With little starting capital he was able to build a sandwich empire. This book is not only about the Subway story but also includes several other entrepreneurs who started with a small idea. It is very inspiring and worth reading.


The book is entitled: Start Small, Finish Big: 15 Key Lessons to Start--and Run--Your Own Successful Business by Fred DeLuca



Check you local library or it's available used at:

http://www.amazon.com/Start-Small-Finish-Big-Start/dp/1883283647/ref=sr_1_fkmr1_1?ie=UTF8&qid=1277403016&sr=1-1-fkmr1

Saving Cash

Building wealth is a lot like losing weight. To lose weight you have to burn more calories than you take in. This can be done by exercising more or dieting. To build wealth you have to take in more money and spend less. The principals are simple but it takes a lot of discipline to execute.

So in order to build wealth you must either increase your income or find ways to make your money go further. Increasing your income could be as easy as finding a part time job or investing in some venture. Lowering your costs could be as easy as trying to find out the things in your life that aren't completely necessary and cutting them out.

Go out for lunch less often. If you prepare a larger supper and pack some away for the next day's lunch you could save bundles. Going out for lunch should be more of a treat than a regular routine. Try to limit going out for lunch to once a week.