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Sep 6, 2022

While there is a correlation between income and wealth, it's not 1-to-1. If you don't earn a lot, it's harder (but not impossible) to build a high net worth (= wealth). On the other hand, a high salary makes it easier to do so, but if you spend almost as much or even more than you earn, you won't become wealthy anytimes soon (if at all).

Opher Ganel
Opher Ganel

Written by Opher Ganel

Consultant | systems engineer | physicist | writer | avid reader | amateur photographer. I write about personal finance from an often contrarian point of view.

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