Data from the Federal Reserve reveals the relationship between income and wealth. Conditioned on having the necessary income, frugality then plays its role.
While everyone says get the 401k match, lower income employees end up losing out in a system against them.
Wealth Conversion Efficiency ratio measures how efficient you are in converting your inflation-adjusted earnings to wealth. Use the spreadsheet to find out how well you did.
Many people misinterpreted The Millionaire Next Door book. The book didn’t say what people think it said.