Find the simplest formula to build your wealth

Spend less than you earn.
Cut your usual expenses as much as you can.

Invest at least 10% of your income in the stock market or real estate.
Before investing, learn how the stock market or real estate works first.

Avoid debt at all costs.
If you have a debt with an interest rate of less than 3%, pay it off slowly and invest more money. Meanwhile, use your best judgment if your debt has an interest rate between 3-5%. If the rate is higher than 5%, pay it off immediately or as quickly as you can.