I can't speak for you in particular, but here are a few ways in general.
At my level of income, most people's raises are in percentages of their current salary, which compounds over the years. People making the minimum wage have to wait for Congress to give them a raise, or work extra jobs.
I can invest. The more I have, the more I can invest. Dividends are in proportion to the amount I already have.
If you can build up a down payment, purchasing property causes housing payments to add rather than detract from your net worth.
If you have money, it's much easier to get loans of more money if you wish to start a business.
And that's at my middle-class level. At the ultrarich level, it is hugely exaggerated. Bill Gates could get his next million a bit quicker than I could get my first.
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|...............| We live in the nick of times.
| Len 17, Wid 3 |
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