The crucial step in wealth accumulation is to... - Deepstash

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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tomjoad

Introverted Extravert

The Wealthy Gardener - Book Summary

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Pay Yourself First

Pay Yourself First

The fundamental principle of wealth-building is to pay yourself first. This means:

  • Save at least 10% of all income before paying other expenses
  • This portion is sacred and must be saved regardless of other demands
  • The 10% is not for spending but for ...

The wealthy

The wealthy

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,

Accumulated Wealth

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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