Quote (Zodijackyl @ Nov 22 2010 05:28pm)
Buy a chord chart - not a book, a big poster (they're $5 or so at music stores, even Wal-Mart has them) - learn all the major/minor chords, learn the 7th chords, and any other chords that you come across in music. Practice switching chords. Practice everything to a metronome.
Learn where every note is on the fretboard, start learning major/minor scales across the fretboard, practice improvising within fret limits (i.e. 7th to 12th fret, open to 5th fret, etc.), then moving around. Once you feel that you know the major/minor scales, start doing the same with modes. Move into blues, bebop, and altered scales (i.e. harmonic minor) when you are feeling more comfortable with the fretboard.
Learn songs and riffs to have fun, jam along to a song you like to warm up, when you are frustrated, or when you need a break from the regimented stuff. Figure out when and how much time you will have to practice - 30 minutes per day is better than six hours one day a week. Break down what you want to learn, spend 10 minutes each on chords, scales, improv over a backing - base it off of the amount of time you have and what you have trouble playing. If something comes easily, spend some time on it. If something gives you trouble, spend more time on it.
Take every chance you have to play with trained musicians, especially to critique your technique.
Always practice (exercises etc) without distortion, on the bridge pickup, and with as little as possible that could cover up imperfections in your playing.
Buy some instructional material, generally the most common starter/basic books are common for a reason. Stuff used in schools can be either very expensive, or very cheap because tons of players sell used copies - old editions are great, because solid technique hasn't changed.
I would definitely not suggest starting off with a wall chart. I work in a music store, in Print Music.. I'm also a jazz session bassist. I learned using the Aebersold series. Check it out. The books cover scales and progressions, cycle of fifths etc etc