I forget the exact words, and I know it was quoted by some billionaire or other, but this is the idea:
The poor spend.
The middle-class or well-off save.
The rich invest.
Saving is how capital is formed, and capital is what is used for investing in one's business either with cash, or tools, assets, or other investments. This requires delayed gratification, which poor people haven't mastered. That's just a fact.
Once someone with capital becomes rich, then it's a matter of finding other ways to get rich. Not "get rich quick," but rather get better return on investment. It's like being poor again only the starting point is different and the numbers are different. More options become available, so the income streams become greater.
This is how I see it. I'm not rich, so I can't confirm this.
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Yes, what you said is true. There is no chance of getting rich without investing.
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