In life there are few things that everyone will agree on. How­ever, here are a few tips that just about every financial expert will agree may help to build ones wealth.

Pay Yourself First

Each month when you settle down to pay bills – prioritize! You pay your mortgage lender. You pay the electric company. Make the first payment of each month into your savings account. Then pay the remainder of your bills. Make it a point to put your future first!

Participate In Employer’s Matching Retirement Plan

Employer-sponsored retirement plans, such as 401(k)s and 403(b)s, can be a great way to save because the money comes out of your paycheck, usually pretax, before you even see it. Also, as an added incentive, some employers offer to match a percentage of your contributions. The money grows tax-free until the funds are withdrawn at retirement. These last two points help money to grow faster.

Dividend Reinvestment

A dividend reinvestment plan (DRIP) is an equity investment option offered directly from the company whose stock you own. Rather than receiving quarterly dividends directly as cash; instead your dividends are directly reinvested into more shares of the same stock. You are able to purchase additional shares of stock at little or no cost. This is also easily done through most brokerage firms.

Once you have a plan and are on the path to meet your goals and dreams, your financial advisor will provide regular reviews of your situation to help ensure you remain on the right path to achieve those financial goals and dreams.

Stay focused on what is best for you. It’s easy to get side tracked by things that could pull you off course. If you apply these tips it truly becomes easier to achieve your financial goals. It is not luck that assures achieving a goal, it is diligence.

“Diligence is the mother of good luck” –
– Benjamin Franklin