Most people believe that they only need to obtain one large sum of money in an instant or over a short period of time to become rich. Whilst this case may hold true, the likelihood of it occurring is very unlikely. The true secret to wealth generation is to buy investments as often as you can, buy with the long term in mind, reinvest all income, review portfolios with the view to dump non-performers, keep contributing…. keep the cycle going.
Young people have the best opportunity to start investing, and after 20 years, can hold significant amounts of wealth.