By Peiying Peng & Liz Zed

Don’t spend more than you make. That seems to be the most basic common sense. However, a lot of people have forgotten the fundamental concept, if they ever knew, or even thought about it. To put yourself on track for the foundation of wealth creation one needs to establish a wealth account.

We do this by making sure that we never spend more than we make. More about the Wealth Account in our next Tip of the Week.