You can build wealth without a high income, but have no chance of building wealth without a high savings rate.
THE PSYCHOLOGY OF MONEY
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Save Money
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 ...
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...
Income and wealth are related, but it's a complicated relationship
A high income can lead to great wealth — although it doesn't always — but they're not the same thing. Earning money is only part of the equation. What you do with the money you earn has a profound impact on your wealth.
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