4 ms·

One aquires wealth by not losing it.

• coldtea 7y ago
  That's just a basic precondition, not enough to acquire wealth. You could "not lose wealth" all your life, spend the least you can, save money in the bank whenever you can, work your ass off until your 70s, and still be pretty poor. Wealth is created by creating new businesses and spending wisely to invest in opportunities, not by being frugal.
  • perl4ever 7y ago
    People I have known who "worked their ass off" all their life and ended up poor, if they weren't handicapped, it was because they could not give up running a struggling business or change it to make more money. It's my impression that because of the sense of pride and ownership, people will end up worse off sometimes when they have their own business than if they were an employee being exploited by someone else. That kind of seems like the foundation of the system of franchising, now that I think of it.