Dave Ramsey gives this direct and perfectly accurate take on the reason behind why rich people stay rich
Briefly

"At the end of the day, people striving to get ahead need to spend less than they earn. Otherwise, they won't be able to wield the potent tool that is compounding."
"Compounding is a powerful force... by prioritizing savings and trimming non-essential expenses, one can slowly position their portfolios in a way to enjoy the profound wealth-creative effects of compounding."
Read at 24/7 Wall St.
[
|
]