Sometimes, we need a guidepost, a road map to where we want to be. Most of the time, our goals involve wealth, or ways to wealth. Here are some methods that are tried and tested

1. Make a financial assessment.

A woman should know how much she has before she can decide what to do with how much she has. For many, this starts a series of wake-up calls, not to mention panic attacks. But wake up calls are good, and panic attacks are good because they set off something in the brain that makes it go to preservation mode.

Here is where the expensive coffee and clothes and bags and eating out and traveling have to go. Or at least cut by as much as seventy five percent.

Because to be wealthy is to carve out and use that seventy five percent for something that can bring in more income (read: investment).

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2. Invest.

For the conservative investor, there is the mutual funds that can give a steady yield year by year provided it is not taken out for at least 7 years. Other investments that are considered conservative include government bonds, time deposits, certificate of deposits and treasury bills. Boring, yes, but generally safe.

For the aggressive investor, there is the stock market. It is not for the faint of heart, it should be observed, it should be timed because it is affected by the waxing and waning of the world economies.

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Be warned, though. The stock market is not for the faint of heart. It is a very volatile market. Millions are made and lost in a heartbeat in this game. But you can (kind of) play with stocks via the route of mutual funds, a pool of stocks managed by a fund manager, and a good option for first time investors. But this is long term (read: at least 7 years) so the risk is eased out of the equation. Okay, okay. It is not very exciting.

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