Saving “like crazy” is a good start. However, the system is rigged against saving by the various world banks. There is something called inflation. That means a unit of money today will buy about 1/2 as much every 10 to 20 years, depending on which currency it is. In the United States of the 1970s, somebody who had saved $100,000 could retire comfortably. Now somebody who has saved over $1 million cannot. As a general rule, a US dollar only buys about 1/15 of what it could buy in the early 1970s.
So, to become wealthy, you must develop the habit of saving. But you must also learn how to use the money you saved to buy assets. An asset is something you own which increases in value. It is good to find something that increases in value faster than the money in your country loses value. The best assets also provide some income for you. When you own assets that produce enough income for you that you no longer need to work at a job, Congratulations!, you have won the game of money and are wealthy. Below is a beginner’s list of the various assets. If you want to be rich, it is up to you to learn about each one and which are best for you to buy with the money you have saved.
