Even though we all want to be rich, less than 5% of the population is considered to be rich. According to Forbes Magazine, the term "wealth" means that you earn $1 million dollars per year and even though this might sound like a lot to most people it really is not such a big deal any more. A million dollars no longer means "retirement". The startling fact is that every single person in America that earns more than $75k a year can become a millionaire by the time they retire.

How?

Invest!

Investing is the only way that you can truly build wealth because it allows you to truly leverage your savings and allow your money to start working hard for you. So, if you are not an investor and you know nothing about investing, where do you start? her are 3 simple suggestions to get you started right away.

1. Savings Accounts

Starting a regular savings plan is vital to start building wealth and getting in the habit of not spending everything you earn is very important. Don't save your money in a normal bank account either. Look at some savings accounts that offer higher interest rates like money market accounts.

2. Stock And Shares

Despite all the stock market crashes of the pas 100 years, it remains the highest returning investment in history. Although there are high risks, the returns are infinitely higher. Learning to buy and sell shares is something that is well worth learning but you don't need to be an experts to invest in the stock market. You can get a broker to do it for you and all you do is to simply pay a commission.

3. Bonds, CD's and Mutual Funds

Bonds and mutual funds are long term investments that offer good returns at a relatively low risk. By tapping into the power that large investment houses has, you can see steady growth at very attractive interest rates. It really is a pain free way to start investing and is something you really need to look into as a long term investment plan.