A Four-Step Money Plan for College Graduates – The Wall Street Journal

Lazetta Rainey Braxton is the co-CEO of 2050 Wealth Partners in New York

For many freshly-minted college graduates embarking on the road to financial independence this summer, the journey may seem daunting.

You undoubtedly have big dreams about the life you want to live and the money required to make it happen. We all aspire to be wealthy, but you would be wise to recognize early on that wealth is not restricted to a dollar amount. Wealth should reflect your contentment with your life, your choices and the resources you must manage in order to enjoy it. 

To that end, here are four steps to get you started.

 Step 1: Course correct, define your goals and set a budget.