One of the main ingredient of the super rich is to start saving super early to be wealthy. Bourree Lam writes on The Atlantic: “There are two personal-finance chestnuts in nearly every article about saving money: Putting money away (instead of spending it) is difficult, and people should generally save more than they already do. But despite these truisms, one subset of Americans seem to be doing pretty well at saving: the super wealthy. This may not seem all that surprising, but the reason isn’t simply that they have more money to save. According to a new survey by Bank of America U.S. Trust, the bank’s private wealth management arm, many wealthy individuals in the U.S. start saving in their teenage years.” (theatlantic.com)
Very true they do.