The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning.

The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning.

Most people have it all wrong about wealth in America. Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.

Whatever your income, always live below your means.

It’s easier to accumulate wealth if you don’t live in a high-status neighborhood.

I am not impressed with what people own. But I’m impressed with what they achieve. I’m proud to be a physician. Always strive to be the best in your field…. Don’t chase money. If you are the best in your field, money will find you.

One of the reasons that millionaires are economically successful is that they think differently.