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For some, it may mean having a large amount ofmoneyleft over after paying the bills.
For others, they may feel wealthy once reaching a certain amount.
Perhaps science has some clues about how to achieve wealth.
According to Yang, that feeling is backed up by science.
Pay Yourself
You may be familiar with the second strategy Yang suggested pay yourself first.
One way to do this is to keep a certain percentage from each paycheck in a separate account.
Invest Early
The third strategy builds on the second one.
You take that money you have set aside by paying yourself first and investing it.
Yang talked about the importance of starting to invest as early as possible.
One big reason is compounding where your money builds upon itself.
Lets take an example from Thrivent Funds.
Keeping it simple, suppose someone invests $100 each month for a decade.
It could grow to $283,973 after five decades.
Based on simple calculations and a 7% return each year, the second amount would be $264,012.
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