how to increase your wealth over time

river between green leaf trees at daytime

Start asap – ideally start young

Have a middle-class income or better

Do anything to improve that income. Even small things like negotiating a 5%-10% pay rise

Watch your spending habits.

Don’t allow lifestyle inflation to get out of control. Most people think `what else can I buy` after getting a pay rise, rather than `what can my money earn me`. Focus on future income, future earnings, not consumption

Invest in low-cost index funds

Never care about short-term market movements

Just always invest for the long-term

Be 90% in markets when young, and 10% in bonds. Or even 100% in markets. Increase bond allocation as you age

Focus on reading, and anything that can give you a business advantage

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