Leave your gains alone

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 ...

• Learn to live with less contently is easier and more in your control. It has the same effect as growing your income.
• Money has a lot to do with the actions you don’t take. Everything has a price, and prices aren’t always understood.
• The price of building wealth isn’...

Consistent investing is essential. Investing as a habit will pay off in the long run.

It is most important to start with earning more, then saving more, then investing. People want to skip the first two steps and day-trade themselves to wealth, but most will only lose mone...