Thursday, March 08, 2018

The Rich are Rich Because They’re Not Stupid

https://geroldblog.com/2018/03/07/the-rich-are-rich-because-theyre-not-stupid/

We get rich by spending less than we earn. We don’t need to earn six figures or more to get rich. We just need to spend less than we earn. This surplus is what makes us rich. The longer we do this, the more wealth we accumulate. It’s that simple. However, that doesn’t mean it’s easy, especially if we’re stupid, or our own worst enemy, or follow the herd, or try to “keep up with the Joneses.” It’s hard if we lack impulse control, or patience, or discipline. And, it’s harder still if we’re unable to delay gratification.

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