The Oracle Hath Spoken: Compound Ye Shall, Wealth Ye Beget

Warren Buffett, AKA the Oracle of Omaha. Many know his name, yet few actually know his secret recipe to wealth. It’s very simple, actually. Wealth = Compound Effect + Discipline + Patience.

In other words, for one to accumulate wealth, one must first understand the power of compounding money. With that knowledge, one must exercise a measure of financial prudence: curbing needless spending through constantly weighing the desire to spend today’s money against the potential investment opportunity of that sum. And finally, the patience to wait out the growth.

After all, good things do come to those who wait. Read more here.