Judging by their behaviour, most people have an obsession with wealth. Politicians promise to create it, most popular magazines are filled with gossip about those who have it, and the average person spends much of their adult life trying to obtain it. But most people misunderstand money.
Here is an overview of the seven steps discussed in this article.
- Get a well-paid job
- Get good tax advice
- Save 20% of everything you ever earn
- Conservatively invest the funds that build up in your savings account
- Reinvest any income you get from your assets straight back into buying more assets
- Never touch these funds and do your best to ignore them
- Wait a decade