Wealth building refers to the process of accumulating assets and increasing financial resources over time. This can be achieved through various methods, such as saving money, investing in stocks, real estate, or starting a business. The goal is to create a stable financial foundation that can support future needs and goals, such as retirement or education. Effective wealth building often involves setting clear financial goals, budgeting, and making informed investment choices. Tools like retirement accounts, mutual funds, and real estate can help individuals grow their wealth. By consistently saving and investing, people can take advantage of compound interest, which accelerates wealth accumulation over time.