Investing can often prove to be the best path to greater personal wealth. In fact a good percentage of those who retire early or with enough to live comfortably the rest of their lives are able to do so because of investments they have made in their lifetimes. The practice however takes some basic knowledge and an approach that is based on proven principles. If you are new to investing and are lured by the prospect of creating long term wealth for you and your family, you need to understand some of the approaches that successful investors take to give…