Income and wealth are related, but it's a complicated relationship

• Income is earning money. Yes, it's the primary piece of wealth creation, but income itself is not wealth.
• Wealth is having money. If you have a lot of money, you are rich. If you don't have much money, you're poor.

• 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’...

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 ...