From youth, we're taught to earn, not to create wealth...
The contrast in truths to financial freedom can teach us much.
THREAD: 10 powerful contradictions on $, life and sovereignty:
The contrast in truths to financial freedom can teach us much.
THREAD: 10 powerful contradictions on $, life and sovereignty:
🔥Financial hell is just a definition, written by other people.
Sartre: hell is a tiny hotel room w/ 3 others.
No fire, no brimstone.
It's simply allowing others to shape your reality.
Wealthy = reality shaper.
Sartre: hell is a tiny hotel room w/ 3 others.
No fire, no brimstone.
It's simply allowing others to shape your reality.
Wealthy = reality shaper.
More wealth does not = more freedom.
"Contentment is natural wealth, luxury is artificial poverty." ~ Socrates
This is the law of diminishing utility.
Your power is in knowing how much is enough.
"Contentment is natural wealth, luxury is artificial poverty." ~ Socrates
This is the law of diminishing utility.
Your power is in knowing how much is enough.
🆓Seek freedom TO, not freedom FROM.
Most seek freedom from working, or from worry.
Real freedom is freedom to ->
work as you want, with whom you want.
Not all freedom is created equal.
Most seek freedom from working, or from worry.
Real freedom is freedom to ->
work as you want, with whom you want.
Not all freedom is created equal.
Enjoy Little, Need Less
Learn to not need it, you'll find you don't want it.
Desite my earnings I buy less than I need.
- 1 car between us
- rent our places when not there
- cook more than go out
Learn to not need it, you'll find you don't want it.
Desite my earnings I buy less than I need.
- 1 car between us
- rent our places when not there
- cook more than go out
Risk > Safety
To take no risk, is to let inflation nibble at your money until it disappears.
Risk is the seawall that holds inflation at bay.
To take no risk, is to let inflation nibble at your money until it disappears.
Risk is the seawall that holds inflation at bay.
Biggest Problem = Ourselves
Most go broke to look wealthy.
Instead of living cash poor to become wealthy.
Most sell when they should hold.
Tame yourself, achieve freedom.
Most go broke to look wealthy.
Instead of living cash poor to become wealthy.
Most sell when they should hold.
Tame yourself, achieve freedom.
Simplify to Multiply
Financial freedom isn't complicated.
- spend less than you earn,
- invest the surplus
- avoid bad debt
- leverage good debt
Be able to define and act on these.
Financial freedom isn't complicated.
- spend less than you earn,
- invest the surplus
- avoid bad debt
- leverage good debt
Be able to define and act on these.
Rules create freedom
Most have no rules for how they spend, earn and lever up.
"Search men's principles, and consider the wise, what they shun and what they cleave to." - Aurelius
Create rules, decrease poor decisions.
Most have no rules for how they spend, earn and lever up.
"Search men's principles, and consider the wise, what they shun and what they cleave to." - Aurelius
Create rules, decrease poor decisions.
Net worths are not definitions
You will never know if someone is an asshole until he becomes rich. - Taleb
Commas and $ signs can't define a human.
Although we strive for it, never become it.
You will never know if someone is an asshole until he becomes rich. - Taleb
Commas and $ signs can't define a human.
Although we strive for it, never become it.
Pursuing $ is > Pursuing fame
I trust the man out to accumulate wealth more than he who chases popularity.
Money doesn't require cow towing.
I trust the man out to accumulate wealth more than he who chases popularity.
Money doesn't require cow towing.
My guardrails:
-Use until it's inefficient
- Never buy to impress
- Ask often does it bring joy
- Spend to earn before spend to own
-Use until it's inefficient
- Never buy to impress
- Ask often does it bring joy
- Spend to earn before spend to own
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