This story originally appeared on NewRetirement.
To build wealth, many people think you need a Wall Street job, good luck or just to be born into advantageous circumstances. Those things definitely help, but building wealth can happen by following a few best practices and habits consistently.
You can even begin building wealth in your 50s. It is definitely not too late.
Want to know how to build wealth? Make sure you are following at least some of the following tips.