A financially independent retail investor shares 3 changes to make this year to help build wealth

Core Insights - Erik Smolinski, a full-time trader, emphasizes that wealth-building does not require complex strategies but rather a solid understanding of fundamentals [2][7] Group 1: Wealth-Building Strategies - Save 10% more: Smolinski advises individuals to aim to save an additional 10% of their monthly income, suggesting that small lifestyle changes can significantly impact savings over time [3][4] - Anticipate future trends: Investors should consider what the world will look like in three to five years, focusing on growth sectors and adjusting investments accordingly, with a personal emphasis on AI [4][5] - Increase income: Smolinski highlights the importance of growing income, especially in the early stages of wealth-building, as higher income provides more flexibility to save and invest [6]