The following is my answer to a Quora
question: “Is
that true you will never get rich as long as you are in a 9-5 grind?”
Wealth is created when you are able to set
aside funds to generate passive income. That
passive income will eventually grow exponentially such that you have options in
your life choices, including career opportunities. However, in the meantime, you need that job to
generate some income to life.
The investment horizon when you are
starting at the bottom can be between 15 to 20 years. As you make more, and parlay your funds into
other investment options that become available, this will naturally escalate.
Wealth grows exponentially. That is why
it is far easier to turn $1 million onto $10 million, than $10,000 into
$100,000.
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