It doesn’t matter how much you make
It matters how much you keep
Let me explain
(thread)
It matters how much you keep

Let me explain

(thread)
For this thread
We are going to look at the income of
and 
Both of our examples are 40 years old and have had the same income since age 25
is a business owner and makes $200,000/year!
is a school teacher and makes $50,000/year!
Let’s look at their habits
We are going to look at the income of


Both of our examples are 40 years old and have had the same income since age 25


Let’s look at their habits

At the looks of it
Most people would think that
is super rich
She drives a nice BMW
She lives in the fancy house
She goes on multiple vacations each year
She wears the latest designer clothes
But she saves $0 because the stock market is “too risky”
Most people would think that

She drives a nice BMW

She lives in the fancy house

She goes on multiple vacations each year

She wears the latest designer clothes

But she saves $0 because the stock market is “too risky”

As for
He decides to live a modest lifestyle
He drives a Honda
He lives in a house that doesn’t stretch his budget
He goes on a vacation, but he budgets for them
He decides to shop at H&M rather than the designer stores
He invests 20% of his income

He decides to live a modest lifestyle
He drives a Honda

He lives in a house that doesn’t stretch his budget

He goes on a vacation, but he budgets for them

He decides to shop at H&M rather than the designer stores

He invests 20% of his income

So you have 2 different people:
Society thinks
is rich (she is, but only in income) because she has the fancy car, nice house and vacations!
Society thinks
is poor because he drives a Honda, wears “cheap” clothes, lives off of 80% of his income!
But wait, there’s more
Society thinks

Society thinks

But wait, there’s more



They are both 40 years old now



Remember, they are age 40 now!
Look at this...
’s $288,364 will grow into $1,911,561 by age 60 if he continues his savings rate
For
to have that same amount of money by age 60, she’ll need to start investing ~$3,300 per month....
It is IMPERATIVE to start ASAP
Look at this...


For

It is IMPERATIVE to start ASAP

Even though
earns 4 times more in income per year than 
She has $0 to show for it in her retirement accounts
It doesn’t matter how much you make
$1,000,000
$100,000
Or $10,000
If you spend all you make; you are BROKE


She has $0 to show for it in her retirement accounts

It doesn’t matter how much you make
$1,000,000
$100,000
Or $10,000
If you spend all you make; you are BROKE

I hope this thread was an eye opener!
High income ≠ wealth
If you enjoyed this thread feel free to share it
Thanks for reading this thread
Much love!
@DecadeInvestor
High income ≠ wealth

If you enjoyed this thread feel free to share it

Thanks for reading this thread

Much love!
@DecadeInvestor