Comments on: A Few Simple Steps to Build Wealth

By: 6 Personal Finance Success Tips | Tie the Money Knot

6 Personal Finance Success Tips | Tie the Money Knot — Tue, 03 Dec 2013 18:14:43 +0000

[…] Save early and often. Sure, I mentioned above that we should focus more on making money. However, that doesn’t mean we want to ignore saving. Rather, simply start saving money and make it automatic. Do it as early in your life as possible, and save as much as you feasibly can without spending inordinate time and effort doing so. Over the long-term (that word again!), compounding can work its magic for you and can be another way to build wealth. […]

By: Mr.CBB’s Weekly Blog Post Picks June 29,2012 « Canadian Budget Binder

Mr.CBB’s Weekly Blog Post Picks June 29,2012 « Canadian Budget Binder — Fri, 29 Jun 2012 10:49:39 +0000

[…] A Few Simple Steps To Build Wealth- Add Vodka Guest Post by:One Cent at a Time […]

By: Salvador Antonacci

Salvador Antonacci — Fri, 29 Jun 2012 00:35:16 +0000

Budgeting takes allot of discipline. I agree that for most people they expect instant results, sometimes we have to have patience to get there.

By: Canadianbudgetbinder

Canadianbudgetbinder — Thu, 28 Jun 2012 00:54:45 +0000

I’m all about budgets and saving money and it takes time but it does work. Sometimes people expect instant results and it doesn’t work that way.
“It’s not about how much money you make it’s how you save it”.

The other ways you suggest are all just as good and certainly options not to ignore. Great Post! Cheers Mr.CBB

By: TB at BluecollarWorkman

TB at BluecollarWorkman — Wed, 27 Jun 2012 23:44:27 +0000

I think #1, saving, is by far the most important. I think that’s where a lot of us go astray.

About the changing jobs things. it’s true what you say about a stone that’s not moving will get mossy. but i also find that if you change jobs too often, you never get a chance to move up and “put in your dues” where you work and get a raise, etc. so sometimes it pays to stay put…so long as you’re happy where you are.

By: Matt

Matt — Wed, 27 Jun 2012 22:02:04 +0000

I like the recommendations for making extra money. Tutoring, starting your own business, and work online. Starting your own business is something I am always thinking about. I am always trying to find ways to bring in more cash each month.

By: Brian

Brian — Wed, 27 Jun 2012 19:15:38 +0000

Not sure I would want to rent my spare car. That’s a lot of wear and tear on a vehicle. I also imagine insurance would be a pain in the butt to deal with too.

Other than that I really like this list.

By: Michelle

Michelle — Wed, 27 Jun 2012 19:12:14 +0000

Hi SB! I like the first tip, because it’s so simple an idea…yet so hard for many people to follow through on! I just saw something last night about how much money you would have made if you would have invested the same money you spent on coffee, clothing, etc. Fascinating! Anyone can be rich if you’re SMART and have the willpower.

By: Shawanda @ You Have More Than You Think

Shawanda @ You Have More Than You Think — Wed, 27 Jun 2012 17:28:05 +0000

There are companies cropping up all over the interwebs that allow you to fairly easily make some extra change. My faves are Airbnb, Rover.com, and TaskRabbit.

By: Lance@MoneyLife&More

Lance@MoneyLife&More — Wed, 27 Jun 2012 17:15:07 +0000

You listed some great options. The key to all of these is save or invest your added income or savings to help it grow faster.