Why aren't we all getting rich from compound interest?

You can tell Gary is rich because he puts his biscuits on a plate

my mentor used to say "compound interest is great, but the first 200 years are the hardest."

This is so important, some people think we live in a meritocracy but people can work hard their whole lives and save, be productive, building things that grow the economy etc and still end their lives close to 0. While people born into a rich family just accumulate wealth through their investments. Compound interest is the reason people starting at 0 can't compete with people starting at 1 million. It's not just that they have catching up to do, but that every second the gap is increasing.

The goal is not to be rich, the goal is to be free

The silent killer is inflation. Every year 2-3% of your hard earned money disappears into the ether.

Compound interest gets talked about like it’s a magic wand, but the reality is most people don’t start early enough or structure their money the right way. It’s not just time, it’s what you do with that time.

just realized gary is one of the only rich people constantly rooting for a tax increase for the rich while educating on the importance of taxing the rich

I can't wait to be rich when I'm 230 years old

Because most of us are not vampires from the 17th century...

Warren Buffet will tell you to keep investing your money in his funds to make him richer and promises you that you 'might' become a millionaire in your 70's. Buffet & Friends will enjoy your money... (today) but he will say don't worry you will be a millionaire in (40 years time) .... By that time you won't enjoy your life because likely too old to enjoy, too sick to enjoy or already dead... Invest in multiple sectors and assets and at the same time enjoy your life (now) and don't answer anyone telling you to keep investing ans waiting for 40 years...