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In this video from Saving School, five investment strategies for building wealth in 2023 are discussed. The first strategy highlighted is investing in index funds, which are mutual funds that track specific stock market indices like the S&P 500. Index funds provide exposure to a wide range of stocks and benefit from overall market performance. They are known for their low fees and diversification, making them suitable for investors at all levels. By investing in index funds, you can create a well-diversified portfolio aimed at achieving long-term financial success. Further details on investing in index funds are provided in the video.