Accumulate Wealth

...the simple way, with a high probability of success

Accumulating wealth requires long term commitment, planning and execution.
Falter in any of of these, you will miss the target.

In my opinion, these are the steps needed to start on this long path:

1.Look at your monthly expences and see how much you can save each month.

2.Create an emergency fund.

3. Decide what index fund ETF you will invest in.

4.Automate the investing  process.

5.Let your wealth grow

This process is a generic advice that fits all types of investors in general as it provides long term ,relatively low risk wealth accumulation.
In my opinion it especially serves well the beginners , as they are prone to make bad decisions in the investing world.
As time goes on, and one becomes a more sophisticated investor,
that understands terms like: debt, buy back, net asset value, earning per share, balance sheet, trends, etc.,may want to take a more hands on approach to investing.
For a more hands on approach of creating wealth through investing,
there are a few principles that a prudent investor may want to follow in order to lower risk.

1. Keep a percentage of the capital in cash
2. Build your positions in small increments over time
3. Equal weight your positions
4. Impulsive, emotional trades are detrimental to profits