I am in many finance groups on Facebook, Instagram, X, etc (yes im a finance nerd lol). I see people post and ask what stocks to buy or ask what's the next stock to go to the moon? 🚀 Over the years of investing I've found the real secret to building wealth in the stock market? Your income. Everyone obsesses over finding the next stock that might double. But the reality is, the biggest driver of long-term wealth isn't chasing massive returns it's having more capital to invest. Someone earning a high income and consistently investing $5,000-$10,000 every month doesn't need to take wild risks. A steady 8-10% annual return can build extraordinary wealth over time. Meanwhile, too many people are trying to turn $3,000 into $6,000 overnight. I'd rather earn 10% on a $500,000 portfolio than 100% on $3,000. Focus first on increasing your earning power. Then invest consistently in diversified, long-term assets. The larger your portfolio becomes, the less you need home runs to reach financial freedom. Some investors like @moementumfinance, @flipflopfinance@karyungtom@mr.financial@crazycanuckinvestor to name a few are all mainly in pretty simple boring ETFs (so am I lol) but are making decent gains (50k-100k+) during a healthy market year simply because they've allocated their income aside and continued to buy good investments overtime. I dont speak for any of them but I dont see them posting about chasing the next big stock. Some invest only in XEQT, CAGE, other EQTs (you know who you are lol) Income fuels investing. Investing builds wealth.
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31 Comments
Catherine @ffcatherine · 1mo
💯 and over & over you hear financial analysts get stock picks wrong as it’s nearly impossible to predict the market reaction to any report So being in general low cost funds combined with having more $ to put in is the key. Although I must add one thing: it is possible to build a substantial net worth without ever having a high income as long as your savings rate is higher than most. It’s not what you make, it’s what you save & invest that actually makes the difference
Jenny @penjen · 1mo
Well not everyone has high income to invest consistently and have life expenses... We do what we do to increase our portfolios. Some take bigger risks than others... All have the same goals. I invest the way I due to income limitations.
Crazy Canuck Investor @crazycanuckinvestor · 1mo
Well said Will. I have talked about this very idea many times. The one thing that I can control is how much I invest every 2 weeks when I get paid If we could rewind the clock and talk to my younger self I would tell him that you need to invest something every 2 weeks when you get paid. It could have been $5. But then scale that up as you are able. Even today I look for opportunities to increase what I invest if and when possible Of course I also won’t sacrifice living a happy life just to ensure that I am investing. The idea isn’t to be miserable. It’s to figure out what your future income needs will be based on your perceived lifestyle. Once you know that you can invest to meet that goal. Then you neee to get off the sidelines and start investing. Great post Will.
Adamant Thesis@adamantthesis9 · 1mo
Totally, and I posted the same last week on my blog. Your income is your alpha and your savings is your beta.
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