Building Wealth: R-Z

 R - Review & Rebalance: Regularly review your financial plan and adjust it as your life                                                             circumstances change. Rebalance your portfolio periodically to maintain                                                 your desired asset allocation.

S - Save for Emergencies: Build an emergency fund to cover unexpected expenses and avoid going                                             into debt. Aim for 3-6 months of living expenses.

T - Taxes: Understand and utilize tax-advantaged accounts like IRAs and 401(k)s to maximize your                                             savings and minimize taxes on investment growth.

U - Unexpected Windfalls: Treat unexpected windfalls like bonuses or tax refunds as an opportunity                                         to boost your savings or investments. Don't use them for excessive spending.

V - Value Investing: Consider value investing principles. Invest in companies that are undervalued by                                         the market with good growth potential.

W - Written Financial Plan: Create a written financial plan outlining your goals, budget, and                                                    investment strategy. This provides a roadmap for your ...

X - X-Factor: Unexpected Expenses: Life throws curveballs. Be prepared for unexpected expenses                                             by having a healthy emergency fund.

Y - Yield: Understand the concept of yield - the income your investments generate.

Z - Zeal & Zest: Maintain **