Many people believe it is impossible to build wealth unless you have a well-paid job and no debt, but that is not so. Almost anyone can start building wealth with a little discipline and lots of motivation. There is nearly always some way of saving an extra few dollars, even if it means we go without something we really want. Before purchasing the next item you want, ask yourself if you really need it. Is it necessary for life? If it’s not, maybe you could save the money instead - or use it to pay off that credit card debt.

While no one wants to go back to the days when life was a great deal simpler - no TV, cell phones computers, iPods or MP3 players - it is still possible to have an enjoyable life without most of these things. And the kids would certainly learn to read a lot better. Remember that you usually have to choose between having extra possessions and creating wealth for yourself.

So before you buy that latest gadget or upgrade something that still works perfectly well, think about building wealth instead. Placing that money in a high-interest savings account until you have enough money to invest will certainly begin your wealth creation path. And one day, you’ll be glad you did it.