Building wealth: Best moves if you’re 35 to 44
To find one, visit either the AICCCA or the National Foundation for Credit Counseling . “If the consumer sticks to that plan, it will be their best chance to begin a systematic process for building wealth,” Jones says. “It may be modest at first, but with diligence, everyone can have a chance to improve their financial circumstances.” 5. Buy a Home Ron Phipps, president of the National Association of Realtors and principal broker for Phipps Realty in Warwick, R.I.: Want to build wealth in 2011? Buy a home, Phipps says.
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Seek the financial frontier. Wish you’d invested in Chinese equities before they quadrupled in the past decade? Frontier funds, which invest in even less developed regions — think Kuwait, Nigeria, and Vietnam — “are like the emerging markets 10 or 15 years ago,” says Harding Loevner analyst Babatunde Ojo. ( FM ) 29. Ride the shale boom. Oil and gas production from shale deposits is “the most important energy innovation of the 21st century,” says Mark Luschini at Janney Montgomery Scott.