Learn more about moneyandinvestments with this collection
How to create and sell NFTs
The future of NFTs
The benefits and drawbacks of NFTs
... is a ‘state of excess’ when the stuff we own makes us poor, as the debt we incur has trapped us to keep working our jobs to fund the expensive lifestyle and habits.
286
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MORE IDEAS ON THIS
It isn’t the only factor in being rich, no matter how many articles tell you that. Money is at most a superficial and incomplete representation of wealth, and there are many more ways to think about riches.
Money changes people, and in many cases, makes them less grounded, less co...
366
1.95K reads
... does not mean having lots of money. There are thousands of stories where people have won the lottery or inherited a large amount of money, only to be on the streets in a few years.
The problem is our definition of being rich may be flawed.
274
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373
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A high income and a regular acquisition of expensive stuff do not necessarily make people rich. People may have a high income, but many won’t survive three months if they are suddenly without their high-paying jobs.
Being Rich is different from being Wealthy.
318
2.1K reads
Being rich is, at its very core, about being patient with your money and the accumulation of knowledge, experience and your net worth. If you are investing in appreciating assets instead of spending it on liabilities (like a fancy car), you will experience true wealth.
If we curb our resta...
327
1.19K reads
Wealthy people have sustainable access to money, often for a very long period of time. Their habits are now aligned with the wealth that they have incurred.
Pseudo affluence, on the other hand, is what people experience when they are currently earning lots of money and start to be...
304
1.37K reads
Being rich is about freedom, about independence and about being on your own. If you are filthy rich but still have to do things you hate doing, then that’s not real wealth. You are not poor if you don’t own a BMW and your neighbour does. But you are poor if you are not having the freedom to do wh...
344
1.13K reads
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Creator. Beer ninja. Travel lover. Twitter evangelist. Lifelong writer. Zombie expert.
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Most of us are ‘time poor’ and have deep-rooted habits, priorities and belief patterns that are no longer relevant. We always feel rushed and are in misery as we become less productive, less happy due to our constant running against time.
Time poverty is not just a first-w...
Compulsive shopping is when chronic, repetitive buying habits have serious consequences and become a disorder, similar to drug addiction. Conscious spending is one of ways we can overcome this emotional need to buy stuff.
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For decades we have been living a lifestyle of buying stuff: goods and services to take care of our real or imagined needs. We cannot get out of this behaviour as it takes years to unlearn these robust habits.
We need to identify the root cause, the source of emptiness, deprivation...
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