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#222 - Morgan Housel - How To Become Wealthy, Stay Wealthy & Be Happy
Modern Wisdom
Living Below Your Means Is the Golden Rule of Become Wealthy
If you were to write a golden rule of becoming wealthy, what do you think it would be? Ah, live below your means and be patient. That's 90 % of finance. You can earn ten million dollars a year, and if you spend 11 million, that doesn't mater you 're not building any wealth. The shorter the period of time, the more you're relying on luck to fuel your success. So if you can livebit all your Means and be patient in your investment, it'sit o tat.
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