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4 Essential Steps to Achieving Financial Success It won't be easy to become wealthy -- but it is possible.

By Brian Tracy

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

If you're hoping to consistently build up wealth, you will need a blueprint for your financial journey.

In this video, Entrepreneur Network partner Brian Tracy lays out a few steps towards financial success. These include building a high income: If you are able to start with a high income early in your career, you will most likely earn even more in the future. To compound a sizeable salary, you should also be actively investing and saving. If you're having trouble saving money, consider having a portion of your income directly deposited into your savings or investment accounts.

Tracy also underscores how building practical experience -- outside of schooling -- can help you develop your skill set. If you possess skills people wil pay for, this can act as another source of income and as an investment to your overall worth.

Finally, another tip Tracy emphasizes is cutting wasteful spending. Making cuts to the streaming or cable packages you pay for, as well as unncessary use of utilities, are some areas you can reduce your use.

Click the play to hear more about building your wealth.

Related: Want Motivated Employees? Show Them a Little Appreciation.

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Brian Tracy

Chairman and CEO of Brian Tracy International, Speaker and Author

Brian Tracy is chairman and CEO of Brian Tracy International. He is the leading coach on the topics of leadership, self-esteem, goals and success psychology. Learn more at BrianTracy.com

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