Looking to grow your wealth, but don’t know where to start? Here are three simple tips to help you get started saving money and growing wealth.

1. Live within your means
As simple as this sounds, many people today spend more money than they earn. If you truly want to start growing your wealth, the only way to start is to make sure that you are making more money than you are spending. If you are living beyond your means, there is no way you will be able to make your wealth grow. Start by making a side-by-side list of your monthly income and expenses. If your expenses add up to more than your income, start looking through your expenses and find things to cut out.

2. Saving
Once you have your spending down to a sustainable level, it’s time to start setting money aside. Make saving a habit. Start by setting aside a couple of dollars each month. Try to find deals on items or services you pay for anyway, and then set the extra aside. If your struggling to find ways to save money in your everyday spending, look online. A single web search can produce hundreds of ideas for saving money that nearly everyone can use.

3. Investment
After you have some money set aside, you might want to consider investment. While it can be a little complicated at first, investments can be powerful tools to help you build your wealth. There are a variety of different types of investments, the most common being investments like stocks, bonds, and mutual funds. Each type of investment has its own benefits and risks, and it’s important for people interested in investing to research different types of investments before committing to anything. It’s also a good idea to invest a little bit in a lot of different companies. This type of diversified portfolio can protect investors from some of the risks of investing.

Growing wealth is a disciplined process; begin by following these tips and watch your wealth increase.