Mark Moss argues that saving money alone won't make you wealthy. His parents taught him to earn, save, and spend on consumables, but that mindset confuses income with wealth. Building actual wealth requires acquiring assets, not just stashing away paychecks.
Most people use those words like they mean the same thing, but they're 2 completely different games. Now, when I was a kid, I remember my parents used to, used to tell me like, hey, what do you think, money grows on trees or something like that? And for buying things that you consume, I mean, that's pretty good advice. Earn the money first, save it, and then you go buy the thing. But the problem is that we carry that same thinking into building wealth. You see that we earn the money, we save what's left, and then someday, hopefully, when you have enough, when you've saved enough money, then you buy the asset. But income is what you earn, wealth is what you own.
