accumulate wealth
/əˈkjuːmjəleɪt wɛlθ/
Meaning
This phrase means to gradually gather, build up, or acquire a large amount of money, property, or valuable assets over a period of time. It is commonly used in financial planning, economics, and sociological discussions about class and inheritance. The tone is formal, objective, and analytical.
Examples
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Real estate has historically been one of the most reliable ways to accumulate wealth over generations.
Real estate has historically been one of the most reliable ways to accumulate wealth over generations.
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He spent his entire life trying to accumulate wealth, only to realize that happiness lies elsewhere.
He spent his entire life trying to accumulate wealth, only to realize that happiness lies elsewhere.
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Tax policies can significantly impact how citizens save money and accumulate wealth.
Tax policies can significantly impact how citizens save money and accumulate wealth.
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Compound interest is a powerful tool for young investors who want to accumulate wealth.
Compound interest is a powerful tool for young investors who want to accumulate wealth.
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The study examines how different social classes accumulate wealth in modern economies.
The study examines how different social classes accumulate wealth in modern economies.
Common Mistakes
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✗ He gathered a lot of wealth during his long career.
✓ He accumulated wealth during his long career.
'Gather' is too informal and physical (like gathering leaves or wood). 'Accumulate' is the precise, formal term for building up abstract financial assets.
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✗ It takes time to earn wealth in the stock market.
✓ It takes time to accumulate wealth in the stock market.
You 'earn' an income or a salary, but you 'accumulate' wealth, which refers to the total sum of assets built up over time.
Related Expressions
Practice
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The primary goal of long-term investing is to ___ for retirement.
💡 Build up money and assets over time.
Show answer
accumulate wealth
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Many people fail to ___ because they spend more than they earn.
💡 Gradually gather financial assets.
Show answer
accumulate wealth