Building wealth has little to do with your income or investment returns, and lots to do with your savings rate…

Building wealth has little to do with your income or investment returns, and lots to do with your savings rate…

— Morgan Housel:

…Fortunes can be blown as fast as they’re earned – and often are – while others with modest incomes can build up a fortune over time. Wealth is just the accumulated leftovers after you spend what you take in. And since you can build wealth without a high income but have no chance without a high savings rate, it’s clear which one matters more.”

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