Recent events have caused a surge in online trading accounts. Lots of free time, commission-free trades, and a volatile stock market have many young investors thinking that road to riches goes through their online trading accounts.

According to Envestnet and CNBC “Trading stocks was among the most common uses for the government stimulus checks in nearly every income bracket”

Looking to build long term wealth? Pursue a strategy based on common sense, not the whims of the stock market.

1) Start saving 10% or more in a workplace retirement account.

2) Create a game plan to “up” your career and increase your income.

3) Start a business.