Totally agree. But here's a thought: could wealth accumulation be a feedback loop? What I mean is, can the earning part benefit from a "reckless" spending side? Speaking from experience, I've been in the business of making more money because (1) I don't believe in saving (I've bought a few insurances here and there, because of course, health isn't guaranteed) (2) I love nice things and will get them at all cost.
I don't know what feeds into the other. Is my taste for recklessness a result of my implicit knowledge that I can generate a good sum of money when I need. Or am I waking up everyday and putting in the work in order to satisfy my reckless side? What I know for sure is that one can deliberately climb the ladder. And the undisputed "best way" to climb the wealth ladder is to generate (not receive) income. There are many ways to do that. Usually employment isn't one.
I don't know what feeds into the other. Is my taste for recklessness a result of my implicit knowledge that I can generate a good sum of money when I need. Or am I waking up everyday and putting in the work in order to satisfy my reckless side? What I know for sure is that one can deliberately climb the ladder. And the undisputed "best way" to climb the wealth ladder is to generate (not receive) income. There are many ways to do that. Usually employment isn't one.