[WalterBright]

> they made this money by saving, not by (just) investing in the market

Even if you saved $20,000 a year, it would take you 50 years to save a million. But if you invested that instead, at a conservative 7% a year, you'd wind up with $9 million.

You'd pass a million after 22 years.

https://www.daveramsey.com/smartvestor/investment-calculator

[coliveira]

Not investing in the stock market doesn't mean that you'll put your money under the mattress. There are several investment vehicles, from fixed income to real state and including your own businesses. These investment are much safer and are not so correlated to the craziness and plain criminality happening on Wall Street.

[WalterBright]

> fixed income

These often don't even beat inflation. The provider can also go bust like any company.

> real estate

I am the poster boy for losing pots of money on "can't lose" real estate.

> your own business

The failure rate for your own business is 80-90% in the first 5 years.

Stocks are far safer.