From Chief Money Man …
Over the weekend I was catching up with an old friend, Ricardo. We worked together at a large multinational Media and Entertainment Company about 15 years ago.
We were both fresh into our careers at the time and both had similar career and wealth outlooks. We had both studied at reasonable universities, both been in the same global accounting firm for a few years and both performing well in our current jobs. We were both living comfortably on our paychecks and renting reasonable apartments, however neither of us had yet started saving or investing with any seriousness.
Today I could live off my investments, while he would be destitute if he lost his job.
This should help you understand the most powerful strategy in building Wealth: Think Long Term.