The Book in 3 Sentences
Saving money from an early age is the key to future prosperity.
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Summary & Reflection
The importance of saving is nothing new to me, similar ideas I’ve seen in Millionaire teacher and The Psychology of Money, all maybe those authors all read this “Learn to earn” and became financially independent. What refreshes my mind is how investing from a personal level can make the country prosperous, and I think this is the secret of capitalism.
Anytime you put savings in a bank, buy bonds or stocks, you are investing. Someone else will take that money to build new stores or factories, which create jobs. More jobs means more pay checks for more workers, if those workers can manage to set aside some earnings to save or invest, the whole process begins again.
A country of high saving rate can build more, US used to be such a country before the credit card destroyed people’s frugality and instant gratification became the norm.
Being a shareholder is the greatest method ever invented to allow masses of people to participate in the growth and prosperity of a country. It’s a two way street, when a company sells shares, it uses the money to open new stores or upgrade, so it can sell more. As the company gets bigger and more prosperous, its shares become more valuable so investors are rewarded for putting money wisely. Prosperous companies can afford paying more taxes on its increased profits, so the government will have more money to spend on schools, roads or projects that can benefit the society. The whole process starts when people invest in a company.
Truly money can be more useful in this way, the collective wealth from hardworking people may raise the next great company, hardworking people will be rewarded and so as the country.
Reflected on: 2025-07-18