your paycheck when it comes to building wealth taveras also leaned on the influence her businessowning family members had on her to put her on the right path for proper spending i wanted to kind of represent myself and my family who happen to be business owners and have always been very in many ways financially strong she said more are record corporate profits driving inflation heres what experts think a sp global finlit survey found that only 57 of adults in the us are financially literate invest in the stock market investing in the stock market is another way that people can dip their toes into growing wealth taveras says that investing in stocks can become a passive source of income where an investment as little as a few bucks each month can slowly grow over time mobile apps have also made entering the stock market more accessible to the average user taveras started investing when prices were low and said her growing stock have become a really big part of building wealth we were in the middle of a recession this was in the 2008 recession and as you can imagine since then the market has grown exponentially said taveras it just goes to show you that you really dont need a lot to get started stock imagegetty images as wall street predicts a recession in the coming year now may be the time to start preparing to put money into the stock market not only are some stock prices likely to fall but so are the prices of some homes owning property and real estate owning your home can also be a way of ensuring that future generations can have access to a cheaper place to live thats already owned by the family though the value of homes can shift up and down depending on a variety of factors the federal housing finance agency found that housing markets have experienced positive annual appreciation since the start of 2012 not only would a house be worth more than it was when it was bought but also if the house is passed down to a child or family member it could save or earn future family members a big chunk of cash however experts acknowledge that this is a harder goal to obtain as for some common mistakes to be wary of financial experts remind employees to take advantage of 401k plans and other benefits that workplaces offer that they may be missing out on they also stress that putting off a necessary expense such as home or car repairs can often balloon problems into worse problems that cost a lot more than they may have originally cost