Some people are wealthy because they have more money and know how to use it wisely. Imagine you have a piggy bank, and every time you save up enough coins, you buy another piggy bank, now you can store even more coins! The rich do something similar with their money: they invest in things that make them more money over time, like companies or property.
Examples
- A boy who gets his first allowance every week learns to save half of it, soon he has enough for a video game.
- A man with a lot of money buys a big company, and now the company makes him even more money.
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See also
- How Does The Roman Empire & Money - How It Worked Work?
- How Does The Insane Wealth of the Roman Empire Work?
- What is Federal Reserve (Fed)?
- How Does Ancient Greece | Trade & money Work?
- How Does Modern Monetary Theory (MMT) Explained in One Minute Work?