You can create personal wealth. It’s possible to meet your financial goals. By choosing to budget, save and invest, you can pay off debt, send your child to college, buy a comfortable home, start a business, save for retirement and put money away for a rainy day. Through budgeting, saving and investing, building credit and controlling debt, all these goals are within your reach.

Defining Wealth

Some people consider themselves wealthy because they live in a very expensive house and travel around the world. Others believe they are wealthy simply because they’re able to pay their bills on time. What we are talking about here is financial wealth and what it means to you.

Building wealth requires having the right information, planning and making good choices. This workbook provides basic information and a systematic approach to building wealth. It is based on time-honored principles you probably have heard many times before—budget to save; save and invest; build credit and control debt; and protect the wealth you accumulate.

Some people might define wealth as:

• Being able to buy a house
• Being able to put my kids through college

What is your definition of Building Wealth?

SOURCE: Building Wealth: A Beginner’s Guide to Securing Your Financial Future is produced by the Community Development Department and the Communications & Outreach Department, Federal Reserve Bank of Dallas.