To become wealthy, think of saving first and income second

When it comes to building wealth, most people are like the hare of the famous parable "The Tortoise and the Hare." Like the hare in the parable, they spend all their time racing to make more and more money, thinking that the next big raise, promotion, or job will be the key to their financial well being.

In contrast, the Bill Gates, Warren Buffets, and Jim Rogers of the world are more like the tortoise. It seems that they move slower at first, but after the hare has tired and exhausted itself, they gradually get ahead of it, and by the time the hare realizes what has happened, they have made it to the finish line.

While this is not to say that having a large income isn't important, it is worthless by itself if one spends it all, and leads a life full of debt. A large income is equally worthless if it is all tied into paper or other worthless assets. Those who wish to become truly wealthy must always conserve their wealth, and invest it in things which have a high intrinsic value.

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