How Do People Accrue Wealth?

(Toyland: How can she get out? What if someone grab some toys and run away? What if she has to answer the nature’s call? These were all the questions on my mind when I walked past this street kiosk virtually surrounded by toys from top to bottom, right to left. The lady was the only one working in the kiosk)

Forbes has named Warren Buffett, the American investor guru, the world's richest man to unseat Bill Gates from the global throne of riches for 13 years. Buffett accrued his US$63,000,000,000 (£31bn) fortune over more than fifty years of mostly shrewd investing.

How do the wealthy people accrue so much money? Let me give you an example.

I have a friend whose aunt operates a toy factory in China. Her factory makes soft toys of cartoon characters as those shown in the photo. Some ten years ago, it costed her US$5 to manufacture a big box of such soft toys. When the toys are finally sold in the toy stores, the customers paid US$50 each.

There are overheads to pay for sure. But the toys are pretty lucrative.

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GX GARNERINGS

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