"We're taught to save, but we end up without enough money," says Siebold. "The average income per person in 2012 was $38,000. If you save 10 percent, you'll have $3,800 at the end of the year. That's not a model for wealth-building, and you'll never get rich that way."
Siebold says that rich people save money, too, but first they focus on boosting their earnings so that the percentage they save will be more meaningful.