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Why is a big salary not required to build wealth?

User Raymond R
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Answer:

It is a common misconception that to build wealth you need to earn a high salary; however, this is not the case. A high salary doesn't always correlate with wealth. Making more money usually comes with the expectation of spending more money. Some people make $100,000 a year, but they cannot build wealth if all they know how to do is spend it and pay bills. A big component of building wealth is knowing how to invest it but also being mindful of what you have.

Step-by-step explanation:

User Scheffield
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