🧵1/ My post begins with a humorous anecdote about a friend who believes all his problems could be solved with money, highlighting a common misconception many people hold regarding financial success.
🧵2/ The discussion delves into the distinction between being rich and being wealthy, emphasizing that merely having enough money to cover expenses doesn't equate to true wealth.
🧵3/ A comparison is drawn between being rich, which implies financial comfort but may not entail control over one's time and well-being, and being wealthy, which involves mastery over one's finances, health, and time.
🧵4/ My post suggests that achieving wealth requires more than just accumulating money; it requires strategic financial planning, investment, and discipline over time.
🧵5/ Creating a structured approach to finances is emphasized, including detailed cash flow analysis, budgeting, and prioritizing investments to generate passive income.
🧵7/ My post also underscores that wealth-building is a gradual process that demands commitment and hard work, but it is achievable with perseverance and dedication.
🧵8/ My post concludes by offering encouragement and citing examples of individuals who have successfully achieved wealth, emphasizing the feasibility of the goal for anyone willing to put in the effort.
Couldn't agree more. I will feel rich when I will be able to take a year off and go to the university to learn about Philosophy or History "for fun" while doing sports, travelling and enjoying time with family and friends.
Lol... Someone has a huge dream. Basically, if we do get the time to pursue the things we love, indeed, we are wealthy. Thank you for chipping in @vlemon
🧵1/ My post begins with a humorous anecdote about a friend who believes all his problems could be solved with money, highlighting a common misconception many people hold regarding financial success.
🧵2/ The discussion delves into the distinction between being rich and being wealthy, emphasizing that merely having enough money to cover expenses doesn't equate to true wealth.
🧵3/ A comparison is drawn between being rich, which implies financial comfort but may not entail control over one's time and well-being, and being wealthy, which involves mastery over one's finances, health, and time.
🧵4/ My post suggests that achieving wealth requires more than just accumulating money; it requires strategic financial planning, investment, and discipline over time.
🧵5/ Creating a structured approach to finances is emphasized, including detailed cash flow analysis, budgeting, and prioritizing investments to generate passive income.
🧵6/ Investment is portrayed as a key strategy for wealth accumulation, with examples like stocks cited as opportunities to grow wealth passively.
🧵7/ My post also underscores that wealth-building is a gradual process that demands commitment and hard work, but it is achievable with perseverance and dedication.
🧵8/ My post concludes by offering encouragement and citing examples of individuals who have successfully achieved wealth, emphasizing the feasibility of the goal for anyone willing to put in the effort.
Read More Being rich is having money - being wealthy is having time
Couldn't agree more. I will feel rich when I will be able to take a year off and go to the university to learn about Philosophy or History "for fun" while doing sports, travelling and enjoying time with family and friends.
Lol... Someone has a huge dream. Basically, if we do get the time to pursue the things we love, indeed, we are wealthy. Thank you for chipping in @vlemon
Many people have been rich but with no time. Many people have time but no money. The trick is to have both simultaneously.
And when we can have both, we should pay ourselves on the back for a job well done. Thank you @magnacarta