Index investing and DCA is the best that the majority of people can do to become more wealthy. But this only works if you have big enough income
I disagree. You can still do dca method even if you do not have that huge amount of income. The idea that you cannot invest unless you are wealthy is just wrong.
If you know how to manage your finances well and you are able to save some of your income to direct to great investments then surely it is possible. If you manage to invest even in small increments but regularly then you can see some profit already after quite some time. Though of yourself you have to be careful with your money.
That's true! There are many investors here who are not really rich, but because of the strategies they do to invest, they earn extra income and sometimes the investment they earn is even bigger compared to their monthly salary. It's not enough reason to lose hope or be discouraged just because we're not rich, everything today requires hard work and we need to be strategic to rise in life. if you really want to save or earn a large amount of money, you must also know how to appreciate or properly handle the money that comes into you, because sometimes when we are overwhelmed by what we earn, we don't realize that we are already spending our money on things that are not that important. Discipline is the key.