The crucial step in wealth accumulation is to live below your means. This implies spending modestly, covering your expenses, and saving the rest. Saving money is the single most powerful tool you need to become rich.
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The Wealthy Gardener - Book Summary
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The fundamental principle of wealth-building is to pay yourself first. This means:
Most rich people do not flaunt their wealth: They don't live in high-class neighborhoods or drive expensive cars. They look like you and me.
The rich have a net worth of above $1 million. Most rich people got wealthy through a simple combination of earning an income,
Being rich is, at its very core, about being patient with your money and the accumulation of knowledge, experience and your net worth. If you are investing in appreciating assets instead of spending it on liabilities (like a fancy car), you will experience true wealth.
If we curb our resta...
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