Building Wealth Has Changed
It's hard to develop wealth purely through earned income anymore (your job). It used to be possible in the 70's. But nowadays, most people who become wealthy do it through capital gains (investment returns). Check out this chart from Callie Cox illustrating exactly how the process of building wealth has changed over the last 50 years. You do it by saving and investing, and the sooner you start, the more time it has for compound growth.
Disclaimer: The information provided in this blog post is for educational and informational purposes only and does not constitute specific financial, tax, or legal advice. All investing involves risk, including the potential loss of principal. Market data and statistics cited are believed to be accurate as of the date of publication, but are subject to change. Please consult with a qualified financial professional to discuss your individual circumstances and risk tolerance before making any investment decisions.