Getting our finances back on track

In order to become financially independent, you have to decide how you want your future to be like. Do you really want to depend in your 401k for retirement or do you want additional streams of income so that your future and that of your children can be secure. Isn’t the goal to buy our parents a house and leave an inheritance for our children? It's not too late to achieve this dream, you can still take care if your parents and leave behind a legacy for our children. With all the worries in this world, finances should not be one of yours. You can start your journey towards financial independence now and make your future and that of your family bright.

Many of us didn't have parents who taught us the secrets to wealth. We just watched what they did, that is work to earn a living and figured that was how our lives too would turn out. But now we know better and have decided to educate ourselves on how to create wealth and make life better for our families.

A 401k is good but it isn't going to make you rich, but if you invest wisely and apply financial education, you can create substantial wealth.

Let’s look at some ways that you can build wealth.


We all know that the stock market is a great way to make money, and the rich use it a lot. This is why the rich always keep themselves abreast with the latest news in the stock market through channels like MSNBC and financial news outlets. If you want to be a good investor, you have to stay ahead of the curve and be informed at all times. It all depends in what you want, long term.

If you want to start investing in stocks, you have to open an account with a licensed broker. I recommend companies like TD Ameritrade, E-Trade and Robinhood. You can also open minor accounts for your children, over time these accounts can pay for college and maybe even become a trust fund, it depended on how well you do. You can start investing with as little as a $100 a month. Begin by investing in companies you already know and have a successful track record. Their annual reports can give you this information.

Mutual Funds

This is also a good investment vehicle, you can invest in multiple items and gain great profit, but you have to know what you are doing, you wouldn't want to lose all your money. If you feel you don't have the expertise, you can turn your money over to a mutual fund manager who will grow your money for you.


When trying to create wealth, your credit score becomes very important, as a good credit score gives you access to a lot of things like lower interest rates and loans that could help you achieve your goals.


A Better Job

In your way to building a better future for yourself, you need a constant source of income and your best bet will be getting a job. Not just any job, a job that pays well. No one is going to pay you good money if you don't have the necessary skills for that job. If you already have a job, and want more money, you need to gain new skills. You need to keep increasing your skills so that you can be paid more money in the way if promotions and bonuses. Being stuck at a low paying job can be depressing and leads to a lot of unhappiness which will show in all aspects of your life. Knowledge allows you to make decisions which move your life to the next level.

We are in charge of our lives, it's up to us to make the choices that will give us the future we want, a future filled with peace and prosperity.


It's never too late, I went back to college at the age of 35 so that I could start a career, though growing up I never thought that would happen. I did it because I decided something needed to change in my life, I needed to control the direction my life was heading, though it took me till the age of 35 I did it, and you can too. It’s never too late, start today and you'll never regret it, I didn't.