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Wealth is What You Don't See
Spending money to show people how much money you have is the fastest way to have less money.
There is no faster way to feel rich than to spend lots of money on really nice things. But the way to be rich is to spend money you have, and not to spend money you don't have, It's really that simple.
It's hard and requires self-control. But it creates a gap between what you could do and what you choose to do that accrues to you over time.
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175 reads
MORE IDEAS ON THIS
Freedom
Controlling your time is the highest dividend money pays.
The highest form of wealth is the ability to wake up every morning and say, "I can do whatever I want today.'
People want to become wealthier to make them happier. Happiness is a complicated subject because everyone's ...
18
168 reads
Getting Wealthy vs. Staying Wealthy
Good investing is not necessarily about making good decisions. It's about consistently not screwing up.
Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money requires the opposite of taking risk. It requires humility, and fear that...
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195 reads
No One's Crazy
Your personal experiences with money make up maybe 0.00000001% of what's happened in the world, but maybe 80% of how you think the world works.
We all do crazy stuff with money because we're all relatively new to this game and what looks crazy to ...
20
253 reads
Never Enough
The hardest financial skill is getting the goalpost to stop moving.
But it's one of the most important. If expectations rise with results there is no logic in striving for more because you'll feel the same after putting in extra effort.
Happiness, as it's said, is just result...
20
240 reads
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IDEAS CURATED BY
These are just a few of the insights I acquired from reading the book. It will help you understand why people behave the way they do.
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True Wealth Is What You Don’t See
Spending money to show people how much money you have is the fastest way to have less money.
We tend to judge wealth by what we see because that’s the information we have in front of us. But the truth is that wealth is what you don’t see. Rich is a current income. Nice cars...
What ‘time well spent’ means to you
Ask yourself what a good day looks like at work and home.
- Body: What do you want to do to feel healthy?
- Mind: What engages your mind in a good way?
- Love: Who do you want to spend your time with?
- Wo...
Save Money, Build Wealth
- It's simple, but easy to overlook is that building wealth has little to do with your income or investment returns and lots to do with your savings wealth.
- If two persons at same level and one of them is good investor and. Other one is...
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