Creating a wealth-building strategy is essential for achieving financial independence. To begin, set clear financial goals by identifying what you want to accomplish in the short and long term, such as buying a house, funding your child’s education, or building a retirement corpus. Creating a budget to track your income and expenses will help you understand your financial habits and save more effectively. Investing wisely by choosing options that align with your risk tolerance and financial objectives is crucial. Diversifying your portfolio can also help maximize returns while minimizing risks. Finally, regularly monitoring your investments and adjusting your strategy based on market conditions and life changes will ensure that your wealth-building plan remains robust and effective over time