The Difference Between Being Rich vs. Wealthy
[2023-08-28 05:20:44]
Wealthy versus wealthy - is it the same? According to Robert Kiyosaki, "There is a difference between the two, the rich have a lot of money, but the rich do not worry about money."
As a doctor, we may belong to the first category. As our salary (house, car, student loan debt, private school tuition, practice fee etc.) and sometimes decision making is poor and we may be very wealthy, our salary is It may be in a higher economic range. Please accumulate actual wealth in difficult times. We are also hindered by the fact that we started this economic journey in a relatively slow life.
Wealth is ultimately related to economic freedom. This means that you have not paid your salary. This means you have saved enough money, you do not have to work every day to maintain your lifestyle, or have built up enough surplus, passive income sources, you pay during your sleep Means to be broken
I personally do not mind being regarded as rich - I do not need a flashy home or car. I just want to know that I can give up some or all of my work at any time and stay with my family without financial pressure. I remember reading "wealth is measured on time and not dollars" - I think this is perfectly correct. If I am tattooing, this phrase will be greatly taken into account when it ends somewhere in my body.
So how do we get there? Some people will make you believe that you do not have the right way. For everyone, what is expected to be fully anticipated over the next 20 to 30 years is far too unpredictable. As far as I know, there are things we can not control, such as when you start saving or planning to retire. (Please check this article on this topic and tell me what you think.)
This does not mean that we can not make a detailed and clever plan, but I believe that you can not put all the eggs in one basket.
Keep working as a doctor, but if these investment and passive income sources provide cash flow, they will decline
So far, what I have seen in the latest financial statements is pretty good. I gradually began retiring and I reduced the number of shifts in work, so I became very rich.
The initial goal when I lived was to gain economic freedom before becoming 55 years old. If you asked me three years ago, it is 50 years old. I am about to be 45 years old. It is about 5 years. I know that this is ambitious, but I know that you have to set higher goals than you think.
Look, I said this many times. You can get rich quickly, but no one can get rich quickly. There is a difference between becoming rich and becoming rich. I would like to teach you to become rich, but I really want to teach you how to be rich. Wealth is the richness of this surplus, there is no condition to destroy it. It is very rich - you can not get rid of all of these. No matter what happens all over the world, it can not go away. That is one thing to earn a lot of money - getting rich is totally different
In fact, there is a big difference in reading habits between rich and non-wealthy people. According to Tom Corley, author of Rich Habits, the daily success of HNWI is that wealthy people (over $ 160,000 annual income and net current net worth of $ 3.2 million) are reading self improvement, education and success is. Poor people (annual income less than $ 35,000, net current net worth of $ 5000 or less) are primarily for entertainment.
Some people think that the view of wealthy people and poor people depends on family income. People with an annual income over $ 75,000 will likely have a higher likelihood that wealthy people are more likely to work rather than just one person, than those who earn less than $ 30,000 (49% vs. 36%) . On the contrary, people with lower incomes are more likely to say that they are bad because of the uncontrollable situation, rather than not having enough effort than those with a high income.
In 1989, Kim and I became billionaire, but until 1994 there was no economic freedom. This is because there is a difference between ric