By Brian M. Reiser Building wealth in your 40s is different than doing so in your 20s and 30s. It involves a new set of decisions: health, insurance and home ownership. But you should also continue to do the things you were already doing in your 20s and 30s.
Building wealth in your 20s largely involved starting your career. You needed to negotiate the best starting salary you could get. Generally, keeping your debt to a minimum was essential. Of course, being frugal and saving as much money as possible mattered, too. And starting to learn how to invest for retirement was crucial.
On the other …read more