Re:Cratering motor fuel sales in Norway show the death spira...
by jncfhnb on Saturday October 21, 2023 @02:45PM
(#37969455)
No, this is the misleading thing. Which your article is largely agreeing with me on.
The compounding effect of wealth scales with the amount of wealth you have more than the incremental savings you’re likely to earn. Trimming your expenses won’t make a difference. If you have no wealth and low income then the compounding is irrelevant. Even if your income is high it’s very hard to acquire “wealth”.
Poor folks will be poor even if you chop their expenses by half.
The compounding effect of wealth scales with the amount of wealth you have more than the incremental savings you’re likely to earn. Trimming your expenses won’t make a difference. If you have no wealth and low income then the compounding is irrelevant. Even if your income is high it’s very hard to acquire “wealth”.
Poor folks will be poor even if you chop their expenses by half.