Building wealth requires a plan. Period. This plan will utilize multiple tools and techniques, including:

• Trading Stocks
• Buying Mutual Funds
• Holding some Bonds
• Dealing with some REITs
• Becoming a landlord with real-estate
• Working with Options
• And so on&

The more tools you master, the greater the options you will have. The first step towards wealth building is to develop a plan.

An example plan could look like:

End Goal: Build a net-worth of $5 million in 20 years

Steps to take:

1. Contribute maximum amount to 401(k) & Roth IRA
2. Contribute equal amount in Taxable accounts
3. Use stocks & real-estate as primary vehicles to reach goal
4. Get mentor for both stock trading and real-estate purchase and rentals
5. Learn about Options/Futures/Commodities and master them
6. Develop a Subscription based website business; Or start a copywriting business to boost income

The next phase will delve into details in terms of actual current income and savings rate, and project that to desired income and rate of return to achieve the target.

As you pick up any vehicle - such as real estate - and begin investing in it, conditions of the business will change over time. That is a given. All that may mean is that, for the next 3-5 years, the returns in a particular vehicle will not be at the level that you desire in order to achieve your goals. This is where, having choices helps. You will simply move onto other areas - such as commodities (which are in the midst of a bull run in 2006) to gain the returns that you need. When conditions improve in some of your original markets, you will return to them at that time.

Timing some of these entries and exits is a little difficult, which is where your training, a good mentor, and experience will play a role. But central to it all is your overall goal, and your pathway to that point. It should remain unaffected by a 10 year bear market in stocks, or a plunge in the real-estate market. If anything, these should open up as buying opportunities for you to make a killing when the prosperity cycle returns to these markets.

Thus, to repeat once more - create a wealth building plan, and stick to it. This advice has been repeated by most billionaires and multi-millionaires, such as Robert Kiyosaki, over time.

Human beings' capacity to bring forth what he/she desires is immeasurable - but it is his loss of focus on what is being desired that makes it disappear.

Remain focused on wealth-building - and go to where the next peak of the prosperity cycle is building, ready to yield its treasures to you.