Wealth Accumulation

by: Pauline Uchi, Licensed Financial Consultant

Wealth Accumulation is not an overnight thing!

Accumulation as defined is an increase by natural growth or addition. It is the acquisition of an increasing quantity of something. Simply put, Wealth Accumulation can be achieved by regularly setting aside a fixed amount of money over a period of time. It is the act of gathering or amassing, as into a heap or pile. As Samuel Johnson said, “little things grew by continual accumulation”.

A penny saved is a penny earned, but a penny saved TODAY is a penny EARNING MORE! It is important to start saving as soon as possible for events such as education, retirement and critical illness due to the impact of compounding. If you start saving now, you will need to save considerably less than if you wait a few years.