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This chapter is excerpted from 'Wealth Management'. This book empowers individuals with practical knowledge to manage their financial wealth from their first job until retirement and beyond. The first main theme is investments and covers security types, investment strategies, and asset allocations for individual investors. The foundation for this theme is the magical behavior of investment returns across securities and time and the concept of market efficiency. Next, the author discusses tax minimization, beginning with an understanding of how taxes deplete investment value. He then illuminates various tax loopholes and strategies that individuals can exploit, including: 1) The use of tax-favored investment accounts; 2) Opportunistic trading; 3) Picking ETFs over mutual funds; 4) Gifting to bypass estate taxes. Lie also covers the many pitfalls in the world of wealth management. Several stem from investors' ignorance or irrational behavior, while others are concocted by financial institutions to fleece individual investors. Either way, the readers learn to avoid them. Other topics include: What types of insurance should individuals purchase? When should a mortgage be refinanced? And how can individuals avoid costly probate court for the estate? This book is useful for university courses on wealth management and for all individuals who want to secure their financial future. This includes you.