How to Build Wealth: This Chart Tells All
As the chart shows, if you want to build wealth, there are really only two things to get right:
- Increase the difference between your income and expenses
- Save that difference and grow it exponentially over time
That’s it.
This chart shows you exactly how much you need to save, and the rate you need to compound it at, in order to reach your goals!
84
766 reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
The importance of innovation
The power of perseverance
How to think big and take risks
Related collections
Similar ideas to How to Build Wealth: This Chart Tells All
Save Money, Build Wealth
- 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...
How to retire early
A good early retirement strategy is built on maximizing three aspects: Income, expenses, and savings.
To build your early retirement strategy, you need to determine your retire early or financial independence (FI) number. It is the amount of money you need for work...
How to Build a New Habit
- Start with an incredibly small habit, one that is easy enough that you don't need motivation to do it
- Increase your habit in very small ways - start small and gradually improve
- As you build up, break habits into chunks
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates