This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
“The time will pass by anyway.”
So, you might as well go for it.
Some people want financial freedom. Some people want to be debt-free. Some people want to earn 100k. Some people want to save 250k. Some people want financial peace. Some people want to be millionaires.
According to AI’s aggregate assessment of available research, about 1% of the world’s population is composed of millionaires. This means most people aren’t millionaires and likely never will be, but it doesn’t mean they can’t be millionaires.
At some point in your life, you’ve likely dreamt about being a millionaire and what you’d do if you had a million dollars in your name.
According to Ramsey Solutions, it typically takes 27 years to become a millionaire, with the average age of a millionaire being 49. However, some say it can take much longer. For example, Thomas Corley’s research found that the average self-made millionaire takes 32 years to reach that status, but 52% of people need 38 years, and 21% need 42 years.
Quick and easy – this is how most people want to build wealth. It seems nice, but it’s a pipe dream. Wealth is usually built slowly until it compounds fast – similar to Warren Buffet, who amassed most of his wealth in later life stages.
According to NBC, The odds in any lottery are about one in 300 million. That’s about 1 in 292.2 million for Powerball and 1 in 302.6 million for Mega Millions.
The same is true for cryptocurrency and hyper-aggressive business and investment deals. They can be a way to make quick money or lose a lot of money super fast if you’re not cognizant of the pitfalls.
Who wants to practice patience and build wealth over time when there are seemingly endless opportunities to have and obtain wealth now?
I get it. It’s not sexy. It isn’t easy to practice patience and self-discipline for years, which is why most people aren’t millionaires or wealthy.
If building wealth super fast consistently worked, we’d have an abundance of wealthy individuals, but we don’t because quick and fast money building is not how the game works.
Building wealth is a slow game, and then once you reach a certain threshold, your wealth starts compounding exponentially (Read Warren Buffet’s story).
But first, you have to integrate self-discipline in three areas consistently:
Investing.
Increasing your income.
Living below your means.
Once you master these steps and consistently practice them, you will inevitably build wealth.
The title of this article is “Slow, But Fast” because most income earners will likely have a set amount of income they can invest in, but this is not the end of the world. It simply takes time. If you don’t have time or want to build wealth faster, switch up the variables.
Invest more.
Live significantly below your means.
Increase your income more frequently.
Are you ready to commit to building wealth? The journey might seem slow at first, but then you arrive. Remember, time will pass you by anyway.
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This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.