Hello and welcome to Moneygirls quick and dirty tips for a richer life.

Today's topic, Wealth Secret Number One for Beginning Investors.

When I finished college, like many grads, I was burdened with student debt and I was really, really eager to pay it off. It felt like a weight was on my shoulders.

I was thrilled to start earning a full-time paycheck when I finished school.

As a student, I was used to living on very little money,

and I continued to live this way when I started working.

I lived well below my means and paid off my student loans

as quickly as I could. After I paid them off, I continued to live below

my means and was excited because I could invest the difference. I was able to earn money two

ways from my own work and also from my investing.

The difference between what you earn and what you spend is your golden goose, it's your

lever.

It's the money you have at your disposal to save and invest.

It may seem completely obvious, but Wealth Secret number one

for beginning investors is to spend less than you earn.

Consistently spending less than you earn is the most important financial habit to develop

to achieve wealth.

It's the first step to creating financial abundance in your life.

Some people don't ever take this first step.

With such easy access to credit cards, many people can't resist the temptation to overspend. They find that there's always more month

left over at the end of their money. They get into debt and become way down by monthly

credit card bills. But don't let this be you. You can set yourself apart from the crowd by making

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