Balancing The Two Forces Of Money And Wealth
The secret sauce to create wealth while keeping your boat afloat is to balance the two forces at play, the force of wealth creation and the force of money or income generation.
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The Difference Between Income and Wealth
- Income is earning money. Yes, it's the primary piece of wealth creation, but income itself is not wealth.
- Wealth is having money. If you have a lot of money, you are rich. If you don't have much money, you're poor.
Money and Wealth
Money is not wealth. Money is a freedom currency. Use it to create wealth, not more money. If you do that, more money will come.
Hire people to do tasks you've mastered or buy software to automate tasks. It will help you to free up your time.
Making Money Vs Creating Wealth
Most jobs are purely money generation, and have little to do with wealth. Generating wealth is an entire different ball game than earning money, which you can easily do by learning a few in-demand skills, and taking up a job or freelance work.
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