Arbitrage as a Wealth-Building Strategy

One effective method to significantly increase income is through arbitrage, which involves buying and selling assets across different markets to profit from price discrepancies. This concept applies to both individuals and businesses, where individuals can leverage skills or services at a lower cost in a local market and sell them in a higher-priced area. For example, someone living in a lower-income country can offer their expertise globally, resulting in a substantial income boost compared to local standards. The key takeaway is that wealth is relative to one's expenses; therefore, managing costs effectively—either by spending less or generating higher income—is crucial for financial success.