Japanese media reports: The couple accumulated 150 million yen in a few years and decided to cut the money first instead of cutting back on food and clothing.

It doesn’t mean you drink less coffee, and it doesn’t mean you don’t travel! Japanese media reported that a couple accumulated 150 million yen in assets over several years, and they cut off this money first. (Bloomberg)

[Financial Channel/Comprehensive Report] If you want to become rich, you don’t necessarily have to live frugally and be patient. Japanese media reported that a couple accumulated about 150 million yen (approximately NT$30 million) in assets in just a few years. The first thing they did was not to cut off all their enjoyment, but to find out those expenses that "spent money but did not make themselves happier."

Financial planner Carl Richards pointed out that accumulating wealth can actually be simpler than imagined. The key is not to suppress consumption blindly, but to identify which money is not worth spending at all, and then continue to invest the saved funds in truly important goals. When it comes to money, he bluntly said that the only thing that really matters is to figure out your goals first.

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Richards said he once helped a couple set a goal of "building a $1 million investment portfolio." A few years later, the couple called him to tell him that their investment assets had indeed exceeded US$1 million (approximately NT$31.6 million). It's not about good luck in the stock market or getting an inheritance, it's about following 4 simple rules.

First of all, every time you spend money, take 3 seconds to notice what you are doing. Don't rush to criticize, just be aware of the expenditure. Second, look for expenses that don’t bring happiness, especially fixed expenses and subscription services, because waste often hides there.

Third, the money saved is automatically transferred to the investment portfolio, and the money is automatically deducted through the bank, so that savings and investments can operate on their own. Finally, repeat the process and try to increase your investment amount every month. Treat it as a personal challenge and continue it like a game.

Richards believes that achieving huge financial goals does not require luck. What is really needed is continuous and small actions. Instead of thinking of getting rich as a painful process that must be gritted and endured, it is better to stop holding on and break it into small steps. For example, it may seem difficult to prepare for your children's college tuition, but you can start by increasing your monthly income by US$100 (approximately NT$3,160). Therefore, the problem is often not that the goal is too big, but that people try to solve all problems at once and end up giving up easily.

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