3 ms·

Growing up poor-ish and coming to a high income later in life (nearing 40 now) I believe growing your income is almost a prerequisite to accumulate wealth. Sur

Growing up poor-ish and coming to a high income later in life (nearing 40 now) I believe growing your income is almost a prerequisite to accumulate wealth. Sure, I wish I had known this advice earlier, but even if I did, now I would be only ever so slightly richer. When I spent the first half of my career in a low pay job living paycheck to paycheck, I simply didn't have the spare income to invest.

movedx 3y ago
> Growing up poor-ish and coming to a high income later in life (nearing 40 now) I believe growing your income is almost a prerequisite to accumulate wealth. Your income is your number one wealth building asset. Love him or hate him, but he has some solid advice at times: "Ramsey says that your income is your biggest wealth-building tool. I'd argue that it's actually the gap between what you earn and what you spend. That's the cash you can use to become more financially secure. If you're unsure of where to start, take a look at where your money goes each month." - https://www.fool.com/the-ascent/personal-finance/articles/dave-ramsey-says-this-is-your-most-important-wealth-building-tool/ https://www.fool.com/the-ascent/personal-finance/articles/da...