In fact, it worked a little faster than we had expected, but even if it hadn’t, we would have gotten rich eventually anyway. As I look back, there were a few rules that we followed that seemed to make a big difference.
This mindset of always paying cash not only saves interest (although in our low interest rate times, sometimes that effect is pretty small) but mostly curbs our desire to spend more than we should.
Retirement savings contributions have deadlines that must be met, but that new car does not. Second, you pay a lot less in taxes, money which then goes toward building further wealth.
The real key to wealth/financial independence is to own stuff, and when I say stuff, I mean stuff that makes you richer, like businesses.
There is an interesting characteristic I have noticed among many, but obviously not all, wealthy people. They give money away. Many are religious, and believe that God blesses them with more prosperity in return for their generosity.