Financial security doesn’t have to come from a big break or a high salary.
Wealth is often built through small habits repeated many times over.
If you’re young and just getting started, time is your advantage.
Begin now with these five small habits that can help build lasting wealth.
First, automate your savings.
Pay yourself before you spend. Even 1% to 5% adds up over time.
Second, watch the small stuff.
Subscriptions and coffee can quietly drain your money if you’re not paying attention.
Third, when your income increases, like through a bonus or a raise, increase your savings first before you spend.
Fourth, start now.
Even with small savings early, your money has time to grow, thanks to compounding, where your money earns interest, and that interest earns interest.
Finally, check in weekly or monthly, and build a safety cushion.
Stay aware, not obsessed.
Your future wealth starts with small choices, so start early and stay consistent.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor John Dickerson, and Hawes Dickerson. Members SIPC.
