Story of time 

The rich make (save) money quickly, and the poor are slow.

Although the rich spend more, they leave more. For example, if you earn 1 million a year, spend 200,000, and save 800,000.

Although the poor spend less, they still stay a lot less. For example, one year earns 100,000, spends 50,000, and saves 50,000.

Although the rich earn 10 times as much as the poor and spend 4 times as much, they save 16 times.

In the second year, the capital of the rich increased by 750,000 compared with that of the poor in the first year. With the speed at which the rich make money, the gap will grow.

Do the poor have a chance, almost none. Because the cost of 50,000 is very small, many are necessities. It can’t be reduced at all. If you still don’t know it, spending money indiscriminately to lose your family and buying items that do not meet your own strengths will be even more disaster.

The only way is to improve the ability to make money. If you can earn 1 million a year, spend 50,000, and save 950,000, you will save more than the rich, and you will be promoted to the rich (or sooner or later). Even if you make less than 1 million, you still have to earn 200,000, and you can save 150,000, which is equivalent to the money you could save in the previous 3 years.

If the poor save 950,000 a year, it is equivalent to the money they could save in 19 years of working. That is to say, the assets of the poor are now equivalent to their (and similar ordinary people) assets 19 years later (without considering inflation). In this way, they are far ahead of the average poor and become rich.

Getting rich slowly is almost unrealistic. You are at least faster than most people. If you can’t find a way by yourself, it’s more realistic to find good people to join them (join a startup) or let them do it for you (such as public offerings, private placements).

Since it is faster than most people, the last thing you should do is follow the crowd. For example, do a lifetime job and enter a public institution. For example, let your children learn piano. Look at the children around you who don’t learn piano? Think about how different you are from the people around you. The rich are destined to be a minority.