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- What’s the secret to getting rich?
What’s the secret to getting rich?
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I often find myself in an almost comical situation.
A young, eager investor tracks me down as if I'm some financial guru perched atop a Himalayan peak.
After their metaphorical months-long journey to find me, they lean in with anticipation, eyes wide, awaiting the revelation of that one elusive secret to wealth.
And then I disappoint them with perhaps the most boring financial advice ever given:
There is no secret
The formula for wealth creation is embarrassingly simple:
Spend less than you make
Invest the difference
Reepeat this process for decades
That's it. The grand revelation. The secret sauce. The mysterious code.
Those looking for overnight success often find themselves with empty pockets later in life.
Meanwhile, when you eventually ask your wealthy friends how they built their fortune, their answer will be predictably mundane: "I spent less than I earned and invested the difference."
Start today
The 20-years-from-now version of yourself will be immensely grateful you did.
As always, I'll leave you with the two fundamental rules of Wealth Operators:
Live below your means
Invest early and often
Until that
Be Wealth Operator
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