To become a successful investor, you need to build a healthy relationship with money and know exactly how much you need to live a meaningful and fulfilling life.
Many people have an ambivalent relationship between money and wealth. Most people want to be rich at the bottom of their hearts. Rich in the sense of not having to go to work every day, just having enough money to decide freely what to do with your time.
Just booking a trip and flying somewhere for a week, buying the clothes you think are great, etc. All without looking at the price tag.
Having a big car and the biggest house so you can brag about it to others just shows an inferiority complex. In fact, there are people with very high incomes (beyond $200,000 a year) and they save almost nothing.
They need their huge income to finance a lifestyle to plug a hole in their own ego. This does not make you financially free. There is no question of freedom here. It’s more like a compulsion.
Granted: Some people are so rich that the fat Mercedes does not serve their own ego, but simply meets the requirement of having a decent reliable car. How is this different from the inferiority complex? The difference is that the latter spends all of his high income on his ego and holds nothing back for the future, invests nothing for the long term, or doesn’t support organizations and movements that share his values.
People who do that are really rich.
Just so we get the proportions straight.
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