There is a myth that wealth building means earn huge money and live a high standard life. But the concept is not true always because a highly earned people can flat-out broke for any of sudden reason.

You may found in financial news and hear that almost every day many of well established big organizations are closed for their cash flow or financial crisis and naturally related people of this organizations like the owner, employee lose their wealth just in a moment. But think once they are millionaires or billionaires or high pay employee. Not only organizational but also the highly earned persons like the celebrities who earn millions are in financial crisis and even they can’t repay their debts.

If you think bit deep and hopefully you can see that the reason for all above is simple. There are four steps to keep your wealthiest, if miss to follow any of the following steps will destroy your wealth. Earning money is just a part grow wealth and staying wealthy.

I am not going to drive your car back, I just try gathering the basic steps of wealth building in one place in here to provide a structure which make you understanding how money works. Let go for discussion without wasting our time wealth.

• Capital Formation: Most of people figured out this the first part to being wealthy. In reality, its true to getting money on hand is in the top place. But vast majority of humanity thinks that they can found this by manage or getting a job. Rest of other running or owning business or have income generating assets to found or gather capital. So this is the beginning and the examples are: manage a job, dividend stocks, and loans.

• Protect capital: Economically capital loses 3-10% of its value with time in every year at most of countries. You pay taxes on your every dollar that you earn. Investing in a risky market or product can completely collapse your capital. Your earnings spends in many ways like paying debts, rent or mortgage, food cost, obligation and many other costs. You need to control over to cut those cost as much you can. As a example: if your earning 100k per year but you spent almost like 90k but he/she who earn 50k but their expenditure is 30k per year is in the better position than you.

• Saving Capital. Savings is most important here because without have any savings you can’t move forward. A modest savings can help you to take any steps to find out other comfortable extra earning avenues without having any loan or debt.  All though your own financing can make you free from any pressure to repay or adjust your loan or debts.

• Investing Capital. Investing your savings is essential to generate more income. Investing in property can be the best investment way. You can also put your money at bank as fixed deposit for a certain period on monthly earning condition. You may buy dividend stock or run a small business. Those investing sources will help you to increase your earnings. Hopefully those investment ways drive your investment in the safe road.

You may feel at the end of the reading that those steps are so easy but you are wrong. Those are not easy that you thinking, it may take several years to complete all the steps successfully. Dedication may help you to fulfil all the steps successfully. You must set your goal to become a wealthy in your mind. And this will reach you the end of road.

If you are thinking about to buy some wonderful gifts in this holiday for your loving one but in the same time you are worried about your credit card debt level and bank balance for this extra expense. So you should make your holiday shopping budget by your own limit. Find some tips here that how you can make your budget for your holiday spending.

1. Set your budget 
Calculate you credit card level and bank balance to set your money spend limit that you can afford for this holiday. On that calculation set your budget to holiday expense.

If you can spend the extra money by your budget for the holiday to buy gifts then it would not give any extra pressure on your existing monthly budget. In here you have to realistic to prepare your holiday budget like you may have a budget for your monthly clothing or any other extra work which may not as important as now to do, you may spend that money on your holiday gift without having extra pressure.

2. Make list
As you have your own budget for holiday so its better to make a list before you out for holiday shopping. If your gift list has outside people with your family member then its better to cut them from list if you budget extended by including them. Keep some chocolate and cookies in your list to share with the people to spread your holiday.

3. Collect Coupon and Coupon Code 
In this holiday season many of online shop offer coupon or coupon code to give some discount for their customer. Before you start your shop online, search for coupons offer from your favorite online shop to grab the great deal, even you can search for other online shop too to verify the price of the same product. Local stores also offer discount price for the different product on this holiday season. If you can take the advantage of discount sale just by keep your eyes on that deal then it could possible to save holiday expense.

4. Personalized thoughtful Gifts 
Simple but thoughtful gift is better and valued then an expensive gift that may never use. Before start shopping, find out the liking and disliking of the persons in your list. For example, if your sister loves to cook then you can buy a cook book or simple cooking tools which not cost more than $10.00.

5. Spend some time
You loving family members like your mom and dad or your brother and sisters who are far-away from you, they want nothing just a small visit. Give them a little gift and long hug if they come to visit. If they can’t come to visit you or you can’t go to visit them, make a phone call and talk a bit long to feel them that you miss them. You can use calling card and this will save your money and give some extra time in cheap.

6. Good spending habits
If you holiday expense set on your budget and you can successfully complete this without extending budget, you could find the better way to spend money because every money you spending for your holiday shopping which show you how you can save money from your regular monthly budget. In effect, your savings account should grow more. It could be possible that in next holiday you have some extra for your the next holiday budget.

Finally, don’t let your debt become more that you fall in problem in your regular expenditure. Just spend your time by enjoying with your friends and family. Buy your holiday gift by your limit. Even you can follow these tips in your regular life to keep some extra savings. Spend a better time and welcome New Year with joy.