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Getting Rich is Simple


Getting rich is far simpler than many people make it out to be. A straightforward nine-word strategy sums up the core of what you need to do:

Keep that up for long enough while earning a decent rate of return on your investments, and even a person of modest means can wind up with a substantial nest egg.

Of course, that raises a key question: If getting rich is so simple, why are there so few multimillionaires running around? There are two key reasons. First, building wealth through investing takes time. You have to make the conscious choice to attempt it, and then you need to stick with it for decades to make it happen. That brings us to the second reason, which is that while the rules for getting rich may be simple to describe, they are by no means easy ones to consistently follow.

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Source Fool.com


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