Don’t just save money

• It's simple, but easy to overlook is that building wealth has little to do with your income or investment returns and lots to do with your savings wealth.
• If two persons at same level and one of them is good investor and. Other one is...

Building wealth has little to do with your income or investment returns and more to do with your savings rate. The value of wealth is relative to what you need. A high savings rate means having lower expenses than you otherwise could, and having lower expenses means your savings ...

The key to the habit of saving is to save a bigger percentage the more you earn. When you start, you may only be able to save 10% of your income, but it is a mistake to commit to the same amount if you earn more.

However, it's a losing game to only focus on saving money. L...