Codie Sanchez argues that saving money alone won't make you rich. True wealth comes from earning more, not spending less. The ultra-wealthy focus on income generation, not savings ratios.
What are the things that broke people think they're supposed to do to get wealthy that will never work? Save. Save. It's never gonna get you to rich. Yeah, you can only save your way to zero, right? You could save your way to like not spending anything, I guess, if you don't need to eat or live or have fun. But it's way easier to earn more than it is to save everything. Spend less, sure. But actually, once you learn how to earn, you're unstoppable. And I don't think anybody becomes unstoppable by saving. In fact, you get very scarcity mindset. It's really hard, I think, to earn like crazy if you're obsessed with saving, because I think really, really rich people do not think about saving at a 10 to 1 ratio of earnings.
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