A Better Long-Term Wealth Builder

From the article: "Unsurprisingly, chasing higher returns isn’t likely to grow your assets faster than average.  But there is one thing that will grow assets faster (at least during the accumulation phase)…

Saving more.  That’s right, saving.  Boring old frugality!  It’s really the key to building the significant asset base that financial independence requires.

You see, in the early days most people don’t have a big enough asset base for stock returns to really matter.

Imagine you saved up $10,000 over the course working one year — A 6% return would only grow that asset base to $10,600.  An 8% return would only move the needle to $10,800.  $200 isn’t really a big deal.  The impact of the market returns is inconsequential when compared to the wealth building that comes from saving another $10k."

https://www.mrtakoescapes.com/a-better-long-term-wealth-builder/