We've all heard the mantra: "money is the root of all evil."
While this may be true in some cases, it's also true that money can be a great source of comfort and security. And when you're building wealth, knowing how to invest wisely goes a long way toward making sure that your financial future is stable and secure.
The five pillars of building wealth are:
1. Wealth creation - developing your money-making skills to create income that can be used to support you and your family
2. Self-discipline - understanding the importance of saving and investing, and not devaluing your time with short-term goals
3. Investment - choosing an investment strategy that's right for you, and sticking to it even when it's hard
4. Financial literacy - learning how money works, as well as how to save and invest effectively
5. Financial planning - creating a plan for managing your money so that you know where it goes, how much comes in, and how much goes out.