What is wealth?
We first need to give you a definition of what we consider wealth to be. Wealthy people have all the following in abundance.
- Close relationships with family, friends, and community
- Are healthy, active and fit
- Have the freedom to do whatever they want
Wealth is defined by strong familiar connections, health and freedom to live life on your own terms, not by material possessions.
Sometimes wealthy people have a lot of money, so that is why the misconceptions occurs that having money or being rich is wealth.
Having a lot of money does NOT make you wealthy. As you can see, two out of the three components of wealth do not cost any money to obtain.
Freedom is the one factor that “may’ require some money to achieve, but you do not need a lot.
I’ll show you how to increase your income to give you more freedom. How to get away from the servitude to a 9-5 job and a boss and work on something that inspires you.
So the point is. Having a lot of money or being ‘Rich’ does not make your wealthy. Owning a lot of stuff, does not make you happy.
A lot of rich and famous people don’t have freedom. Most are trapped by their careers or their possessions. I’d bet that most are not happy.
Real wealth will make you happy. Even if you have a lot of money.
Having a good Income can lead to servitude if you have the wrong perspective on money.
It may create the ‘Illusion of wealth’ but can quickly lead to a lifetime of debt slavery. You might find yourself stuck in a downward spiral of wealth destruction.
A Job + Debt = Servitude (Your freedom is gone and you have no real wealth) Regardless of how big your income is.
Don’t get me wrong. Debt is good.
It’s the wrong kind of debt that is bad. Lifestyle Debt is extremely bad.
Taking on ‘Lifestyle or Consumer Debt’ is a wealth destroying activity. You might feel rich and show wealth. However, if you can’t afford to buy it outright, you simply can’t afford it.
Start working to increase your income with view to get out of debt first then to build income producing asset, that makes money for you. Without your regular input, (work).
I hope this helps you understand the difference between being rich and being truly wealthy.