......about wealth accumulation, it would be this:
"The money that you work for should only be paying for your basic expenses. The money that your money worked for could then be used to pay for your luxuries"
-- The Money Shop, SG
If you have just started on accumulating wealth, you may find the above statement useful. The logic is simply this: save the most you can from your income and make those savings work extremely hard for you.
OK - I know it might be hard at times to be in a "just-to-survive" mode without any entertainments or enjoyments. What's life without some fun anyway?!
However, if you think or read about it, you would find a lot of successful people understand the principle of delayed gratification. Like what the Chinese normally says: bitter first, sweetness later. Obviously it's not sensible to suggest that you take 10 years to taste your fruits, that would make life so unbearable to sustain! You should aim to equip your knowledge in the quickest possible time, whilst keeping your expenses to the bare minimum.
Hmm..I know that's not easy, because I have been through that myself. Looking back I am glad I did that, because nowadays I don't have to work myself to pay for my vacations or movie tickets!
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