4 ms·
"The road to wealth is earning." That's half the road, which is the OP's point. We all know tons of people who earn a ton of money, but they never get rich or
by webwright 12y ago
"The road to wealth is earning."
That's half the road, which is the OP's point. We all know tons of people who earn a ton of money, but they never get rich or free because they keep ratcheting up their spending.
The road to wealth is spending dramatically less than you make in an ongoing way.
- GFischer 12y agoReminds me of Dickens: "Mr Micawber's famous, and oft-quoted, recipe for happiness: "Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery." http://www.telegraph.co.uk/finance/personalfinance/9066005/What-Charles-Dickens-said-about-money-12-memorable-quotes.html http://www.telegraph.co.uk/finance/personalfinance/9066005/W... Edit: didn't only remember of it myself, bradshaw1965 beat me to it: https://news.ycombinator.com/item?id=8232898 https://news.ycombinator.com/item?id=8232898
- dionidium 12y agoSure, but saving is the half of the road that applies after you start earning :)
- webwright 12y agoVirtually everyone I know is earning. Almost no one I know is spending considerably less than they earn... So I focus on the harder part!