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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I wonder how people get so wealthy. I'm an immigrant and came to this country on my own with no money, dh comes from no money. I'd say we do well, in the sense we never have to worry about having money to pay for what we need, we have savings, we invest...But I don't see us ever getting to the levels described here.[/quote]

Wealth requires time and discipline.  The quote, "Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it," is often attributed to Albert Einstein.  it means that money grows over time.  The more money you can put to work, and the longer you have within which it can grow, the wealthier you'll be at the end of the day.

You have to live well below your means, with the money not spent working for you in prudent investments likely to outpace inflation with an acceptable level of volatility over many years.  Over time, your investments, and your wealth, will grow.  The more $ you put to work the more you'll have later on.  Patience is key.  Start early, reap the rewards in retirement.  The more you can invest, the bigger the rewards.  So earning more and spending less accelerates the process.  [/quote]

I don't think that is it alone. I've been doing this for a long time. Maybe when I get to 60 I will feel that way![/quote]

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