ôô

How to Grow Rich on a Budget

Learn Money Girl's 4 ways to build your wealth and grow rich—even on a budget.

By
Laura Adams, MBA
5-minute read
Episode #200

Grow Rich Strategy #3: Protect Your Fortune

Once you begin to accumulate wealth, you need to keep it safe. Protect your fortune by having enough of the right kinds of insurance, such as health, life, disability, long term care, and an umbrella policy. Review your insurance needs once a year with an experienced insurance agent.

Grow Rich Strategy #4: Get Good Financial Advice

If you’re not sure what your financial goals should be or if you’re unsure how to manage your money properly, spend some time with a financial adviser. They’ll help you make long-term plans for building wealth. I seek the advice of a trusted investment adviser who helps me strategize and manage my portfolio. I listen to him carefully and we make financial decisions together.

Unless you win the lottery or have a dear rich uncle, building wealth takes time and happens slowly. But you have to start somewhere, so make a commitment to get started. You’ll look back years from now and be really glad that you did.

Celebrate Money Girl and Win Free Books!

From now until the end of 2010, I’m doing something special to thank you for being a part of the success of Money Girl! The audio podcast has been downloaded over seven million times, so I’m giving away seven personal finance books written by different authors, including me. There will be one winner each week. To be eligible to win, sign up at SmartMovesToGrowRich.com.

Money Girl’s Smart Moves to Deal with Your Debt

Do you want to attack that mounting pile of debt? Download a free Kindle e-book, Money Girl’s Smart Moves to Deal with Your Debt, and follow a 10-step plan to get rid of your debt for good. This special e-book includes a preview of Laura Adam’s new book—Money Girl’s Smart Moves to Grow Rich—that covers everything from investing, buying real estate, reducing taxes, boosting your credit score, using technology to better manage your money, and the whole enchilada! Early reviews are praising the book as one that will enable you to “create a richer life—both financially and emotionally.” (Publisher’s Weekly)

Image courtesy of Shutterstock

Pages

About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a frequent, trusted source for the national media. Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers is her newest title. Laura's previous book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love, was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show.