- Building wealth has little to do with your income or investment returns.
- It has lots to do with your savings rate
The rationale behind this
- Investment returns and strategies are always in doubt. They can make you rich, sure. But the results are uncertain.
- Personal savings are parts of personal finance that are more in our control and have an almost 100% chance of being effective in the future as they are today
Lower expenses = High savings rate
How to save more and more?
Link to originalLesser you care about what others think of you, lesser your desires, lesser your expenses, more savings and more chances of you knowing when you have enough