There are four extremely high costs that every person must seek to avoid: the cost of being poor, the cost of not having a network, the cost of limited knowledge, and the cost of using inefficient tools and methods.

Realize it pays to develop good financial habits. Those in need always pay more, whether it is a convenience charge, late fee, or the higher cost of buying in smaller quantities rather than buying in bulk. Those with limited networks are always the last know and the last to be helped. Finally, those with limited knowledge and inefficient tools waste not only their money, but their most valuable asset — time.

To build wealth, you must make it a priority to consistently invest in these four areas.

• William R. Patterson is CEO of The Baron Solution Group. He is also Chairman and CEO of The Warcoffer Capital Group, LLC ("WCG"). He leads the WCG's corporate strategy and development consulting efforts including portfolio management, mergers, acquisitions, and divestitures. The Baron Solution Group is an award-winning training, business coaching, and consulting firm for executives, entrepreneurs, and investors lead by William R. Patterson. William is ranked as the #1 Business Motivational Speaker by Ranking.com and is also winner of three 2008 Web Awards including Best Speaker, Best Male Author, and Best Wealth-Building Site. THE BARON SOLUTION integrates over 200 proven business and financial accelerators to help you rapidly achieve your organizational and personal goals.