There’s a reason why only 1% of the population is rich.
The formula to rich is, and has always been, there in plain sight:
- Create a net positive cashflow business
- Invest the cashflow
That’s what Warren Buffett did; That’s what Masayoshi Son did; That’s what Nvidia is currently doing on a corporate level. The list goes on and on.
But only 10% of people really understand this, and of the people who understand it, only 10% can actually execute (to be fair, it’s not just execution; there’s a lot of luck involved).
It’s hard to increase the chance of the second part (the execution and luck part). So maybe we can start by increasing the chance of the first part? Namely, better financial education so that more people (especially the young generation) understand the simple yet powerful law of “cashflow + investing”.