Read books, surf web and get professional advice to learn the basics as there are many ways to build substantial amount of wealth even with a low income. Focus on building assets for life, invest in properties and try to be consistent in your investments to get good returns. If your job does not allow you to make new investments than you must consider part time courses or learn new skills to make yourself able to earn more. Stated another way, your conventional mode of income enables you to buy a cake and the passive income adds the icing on the cake making it wholesome, satisfying and lucrative.
Those who keep themselves prepared for future enjoy each moment of their lives. Make a list of your post-retirement needs and plan your investments accordingly. Set short-term as well as long-term goals to provide a secured future to your family.
When you buy luxurious stuff you have to spend on their maintenance too, try to go for less expensive replacements instead. Do not plan a new investment if you have to pay off a loan or make an immediate expense.
Plan your budget in such a manner that you do not have to compromise with your regular expenses to pay installments. One must not invest all his/her savings right away; invest a share of it so that you have funds for an urgent situation.
If you are planning to buy land or a plot, make sure you have enough information with you. Consider all the legal issues and make a decision once you discuss with your legal advisor. Use help of real estate agents to get property of your own choice but do not invest all your savings on it.