What are the important factor in growing your wealth?

From the post "Believe you can make Million through Investing", what is your thinking? What are their commonality?

All of the three examples are not high income earners. They are typical income earners working as employee from 8am – 5pm like all of us. They do not spend luxuriously. They do not buy liabilities like branded name, big house etc. they live frugally. They save to invest and never touch those money they invested in. This part can conclude that, it does not matter how much you make, but important is how much you can save.  You just need to saved and invested consistently.

I am not very sure when they what is the economy status when they invest into the share market. However, one thing for sure is they did not time the market. I heard a lot of people saying that “I am waiting for market to come down”, the “market is too high for now” etc. The real message is the time in the market. For all the three classic cases, they consistent investing and keep in the market that make them multi millionaire. As such time in the market - not timing the market, is most important. 

Lastly, the eight wonders of the world - compounding effect that play an important role. Three of them had stay long enough in the market incorporated with the power of long term compound interest. Starting off with investing $500 per month isn’t much, but over decades, this can grow into something substantial. 

With above sharing on the important three factors, so the youngster or anyone, hope that stories like this can give you hope that even though you might not be making a lot of money right now, the possibilities are limitless in long run. Plan for it and execute it.