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That is where you are mistaken. The people who will accumulate wealth the fastest over time are the people who already have wealth. Even statistical anomalies
by linschn 9y ago
That is where you are mistaken. The people who will accumulate wealth the fastest over time are the people who already have wealth.
Even statistical anomalies like Bill Gates or Steve Jobs got more money, once they became slightly rich, from the capital they owned than from the work they produced.
- valuearb 9y agoOnly because they didn't consume their capital, they kept it reinvested, and kept working. There have been thousands of business owners who could have become billionaires, but traded too much of their equity for a big house and expensive distractions.