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Gt(e,o.submitSearchBtn,m(m({},Kt),{label:null!==(t=n.i18n.root.SEARCH_TOOLTIP_WEB)&&void 0!==t?t:"Search the web",containerClass:"".concat(jt.tooltip," ").concat(jt.tooltip__web),tooltipParentElm:o.clearSearchBtn.parentElement}))}));var Jt="_yb_tdk4ba",Vt="_yb_hkd17a",$t="_yb_rtzclf",Xt="_yb_tdbhj6",Zt="_yb_de52ef",Qt="_yb_9hwrey",en="_yb_slc8ta",tn="_yb_bf0svp",nn="_yb_hjic9z";be("ybar-mod-adaptivenav",(function(e){var t=document.querySelector("#ybar-l1-more-menu ul"),n={moreDropDown:document.querySelector(".".concat(Jt)),moreBtn:document.querySelector(".".concat(Vt)),wrap:document.querySelector(".".concat(Xt)),moreSectionTitle:document.querySelectorAll(".".concat(Zt)),editionsCtaBtn:document.querySelector(".".concat(Qt)),editionsMenu:document.querySelector(".".concat(en)),closeBtn:document.querySelector(".".concat(tn)),moreMenuDropDownHeight:t?"".concat(t.offsetHeight+48,"px"):"0"};new 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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Jake SafaneThu, Sep 18, 2025, 4:01 PM 5 min readIt’s easy to fall into the trap of assuming that you need a huge paycheck to build wealth. The reality, however, is that with the power of compounding returns, even small amounts can turn into windfalls.Read Next: 5 Key Mindset Shifts To Financially Become the Top 1%, According to Humphrey YangFor You: 6 Big Shakeups Coming to Social Security in 2025For example, let’s say you’re 22, fresh out of college and you set aside $100 per month into an investment account. If you keep doing that, by the time you might retire at age 65, you’d have over $700,000 if your investments earn an annual average of 10%, which is roughly the S&P 500’s historical average.If you use the following straightforward, proven strategies, you can end up in a great financial position.Building wealth might seem daunting, but don’t let that concern freeze you.“The first thing I would tell someone is to just start. Don’t overthink it and just do something,” said John Foard, certified financial planner (CFP), chief compliance officer and co-founder of Crown Advisors, LLC.“Where I see most individuals stumble, when trying to build wealth for their future retirement income, is they get paralyzed while trying to evaluate every possible option available. The sooner you start saving and investing for your future, the better. The most valuable asset we all have is time. So, again, just start and continue to increase the amount when you can,” he added.Check Out: Self-Made Millionaires Suggest 5 Stocks You Should Never SellEven if you feel like your paycheck is tight, there’s almost always room for a modest contribution. “Even if you can only invest or save $25 per month, do it and start as soon as possible. The power of compounding returns is an amazing thing,” Foard said.Ideally, when getting started, you would do so by setting up automatic deductions and transfers. For example, enrolling in your company’s 401(k) plan enables you to send money directly into your retirement account with each paycheck. You could also set up bank transfers so that after every payday, for example, you transfer a certain amount into a separate savings account.“Make it automatic, much like how your health insurance is deducted from your paycheck — that way it is out of sight, out of mind,” Foard said.As you build the habit of saving with automation, consider bucketing your savings based on different goals.You should have a plan of action for your savings, instead of treating it as a random pot of money, Foard explained.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,664.36 +32.40 (+0.49%)Dow 3046,315.27 +172.85 (+0.37%)Nasdaq22,631.48 +160.75 (+0.72%)Russell 20002,448.77 -18.93 (-0.77%)VIX15.45 -0.25 (-1.59%)Gold3,719.40 +41.10 (+1.12%)PortfolioSign in to access your portfolioSign inTop gainersOKLO Oklo Inc. 135.23 +30.26 (+28.83%)BHF Brighthouse Financial, Inc. 57.59 +12.33 (+27.24%)QUBT Quantum Computing Inc. 23.27 +4.92 (+26.81%)MENS Jyong Biotech Ltd. 65.62 +13.87 (+26.80%)SMR NuScale Power Corporation 46.77 +8.65 (+22.69%)Top losersDXCM DexCom, Inc. 67.45 -8.33 (-10.99%)HESM Hess Midstream LP 35.36 -4.12 (-10.44%)VOR Vor Biopharma Inc. 27.24 -3.16 (-10.39%)CART Maplebear Inc. 41.50 -3.90 (-8.59%)ORLA Orla Mining Ltd. 10.22 -0.85 (-7.68%)Most activeOPEN Opendoor Technologies Inc. 9.57 -0.37 (-3.72%)INTC Intel Corporation 29.58 -0.99 (-3.24%)SNAP Snap Inc. 8.16 -0.28 (-3.32%)NVDA NVIDIA Corporation 176.67 +0.43 (+0.24%)BBAI BigBear.ai Holdings, Inc. 6.85 +0.57 (+9.08%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersAAPL Apple Inc. 245.50 +7.62 (+3.20%)GOOG Alphabet Inc. 255.24 +2.91 (+1.15%)OKLO Oklo Inc. 135.23 +30.26 (+28.83%)QUBT Quantum Computing Inc. 23.27 +4.92 (+26.81%)AGMH AGM Group Holdings Inc. 10.34 +8.11 (+363.68%)Top economic events