You are viewing a single comment's thread from:

RE: Compounding is your tool for wealth creation

in #money7 years ago

Outside of compounding... you also have tax benefits for capital gains vs payroll income. You have tax credits for mortgage interest payments. You have those with capital able to invest and take more risk, and thus generate more capital. Heck even at the low end, those with capital can buy higher quality goods which do not have to be replaced as often and those have a lower lifetime-cost.

Sort:  

Really great points, thank you for your input

Coin Marketplace

STEEM 0.19
TRX 0.18
JST 0.031
BTC 89741.18
ETH 3181.15
USDT 1.00
SBD 2.88