If you're new here, this blog will give you the tools to become financially independent in 5 years. Here is how I did it and here is how I currently do it. The method is robust and replicable (no need to win the lottery, start a blogging business, or win at real estate), but not easy; much in the same way that a diet results in weight loss but is hard to follow persistently unless you set your mind to it. The key is to save 75%+ of your net income and invest it in income producing assets (bonds and dividend stocks). There is a "21 day" step-by-step plan for how to get to 75% in the left side bar. I try not to be too trite, so if I cover a topic, you will probably not see it again for a very long time, thus you may want to read the older posts here and here. Also, check out my answers to frequently asked questions and while you're at it, don't forget to subscribe to the blog via google or RSS.
Those with lower wealth will eventually get done in by consumption. They’re simply spending too much to be able to invest significant amounts overseas.
— from the book Richistan by Robert Frank
I’d make that “invest significant amounts” period. Wealth is defined as the ratio between investable assets (not consumer assets like the house you live in and the car you drive) and expenses.
