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Spend less than you earn - invest the difference.
This is the only way you can accumulate the money for your investment fund. Your money can't work for you if you don't have any money to put to work.
Sure, it takes a bit of sacrifice to put away $100 a month, $200 a month, 10% of your salary, or whatever you decide is right for you. But by sacrifising a little bit every month, you'll have all the money you want for years and years and years.
It is said: "A penny saves is ... not very much."
That's probably true. However, "Saving 65 cents a day in pocket change will add up to tens thousand of dollars over time."
Consider this. It's almost imposible to become rich by spending more than you earn. Most people spend more than they earn. Most people aren't rich.
Use a part-time job or a part-time business to add more money to your investment account.
By adding this extra income, you'll cut years off your personal plans to wealth. Getting rich quicker is good, right?
Use people leverage to add more money to your investment account.
You can turbocahrge your journey to wealth by employing other people in your part-time business or by taking advantage of network marketing.
Buy things that appreciate. Don't buy things that depreciate.
Stocks, mutual funds, and real estate appreciate over time. That means your money is working for you. Stereos, fancy clothes, automobiles, and big screen television depreciate over time. That means you are going backwards - that you are losing money. That's not the way to get rich.
Own your own house.
Renters and homeowners both make payments everymonth. You won't get rich collecting rent reciepts. You get rich by owning real estate.
Get a good tax accountant.
You want to minimize your taxes so that you'll have more money working for you in your investment account. Your tax accountant can show you ways to reduce, defer or eliminate taxes on your investments. You can reduce the effects of taxes on your extra money income by investing through IRAs,Keogh plans, 401s and other tax-favorable investment vehicles.
If you are really worried about paying taxes on the extra money you are earning, simply work a few extra hours for the taxes or arrange to have extra taxes taken out of your regular paycheck.
Avoid debt.
Some types of debt are good. An example would be the mortgage on your home ( assuming you're bought a home within your means). This is debt on an appreciating asset.
Most debts are bad because you are paying interest on that debt. Paying intere4st is having your money work against you. It is robbing your investment fund of valuable capital that could be used to work for you.
Worst of all is paying interest on a depreciating asset such as automobile or stereo. Not only are you losing money by paying interest, but the item you are paying for is also losing value at the same time. That is what's called a "double whammy."
If you have a lot of debt siphoning away your salary, maybe the first place for you to invest your investment money is in reducing your debt. This will ultimately free up more money in your monthly budget that you can put into your investment program.
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By :
Ruel Hinaloc 
About the Author :
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