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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you come from no money, and no education about money, how do you build wealth? I spent my life broke, not for lack of hard work, but for lack of financial literacy on my parents part. That led to financial illiteracy on my part. Regular 9-6 job. Kids. The grind. It's just not working for me anymore. Not if I can do more. So, how does one even begin? Especially if they know nothing about stocks and investments and fear taking risks? [/quote]

1. earn a high income
2. dump max 19k into a 401k
3. dump max 5.5k into IRA
4. live life, enjoy life, contribute into 529 plan for children
5. money left over? pay down mortgage or buy real estate[/quote]

How does one accomplish #1?[/quote]

As someone else noted, get the skills for which people are willing to pay $$$$ for you to do.  You don't need to be a lawyer, doctor, etc...  Certifications and skills are key after college.  Employers, especially fast growing companies, want people who can hit the ground running.  A top school, prestigious prior employer, etc... only matter to established companies that use such criteria as thresholds for employment - they're more like a club than a place to earn big $$$$.

Also, if you have any entrepreneurial inclination whatsoever, learn how to run a business from inventory, finance and employment, to accounting and payroll.  When joining a company, move around the business and learn a wide range of skills.  You can pick these up in 3-5 years in a small company.[/quote]

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