The article challenges the notion that a six-figure salary guarantees wealth, highlighting that financial discipline is key to building wealth regardless of income. It emphasizes starting to save early and investing effectively as crucial steps in wealth accumulation. Even small daily savings can lead to significant retirement funds over time. The article underscores that many six-figure earners are not financially secure, and it encourages those earning less to believe in their ability to build wealth through smart financial habits.
The reality is that it's possible to build wealth if you are financially disciplined, invest early, and cut costs to save for retirement.
Most six-figure earners today find themselves just scraping by, raising questions for those earning less about wealth accumulation.
Regardless of your salary, getting started early with savings can significantly impact your ability to build a retirement fund to be proud of.
If you saved roughly $14 per day at age 23, you could become a millionaire by age 67 with a 6% annual return.
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