Basic rules for getting rich

Part of a special report on 101 ways to build wealth, readers and experts weigh in with advice that will help you lay a foundation for accumulating wealth.

Focus on what's most important
Focus on what's most important

In achieving wealth, how you invest isn't nearly as important as how much you save.

Say you're 40, have $200,000 saved, with 60% in stocks, and are putting away 10% of a $100,000 salary (including company match). You have a 52% chance of retiring with 70% of your pre-retirement income, according to T. Rowe Price.

Boost your stock stake to 80%, and your chances improve modestly, to 57%. But if you boost your savings to 15% instead, you get to 69%.

Message: Stretch to save the most you can.


By Carla Fried, Anne C. Lee, Elaine Pofeldt, Susie Poppick and Penelope Wang @Money - Last updated June 25 2012: 7:33 PM ET
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