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It is two sides of the same coin: you can't build wealth without exercising restraint. Look at all the professional young sport guys who earned millions in no
by silvestrov 16y ago
It is two sides of the same coin: you can't build wealth without exercising restraint. Look at all the professional young sport guys who earned millions in no time, and who wasted it all on senseless bling-bling.
And he says, "work on something at a loss", which is definitly not building wealth, it is anti-saving. If you are a saver, you'll always save money no matter how much or how little you earn. Spending your savings is against your nature.
Saving money is living in the possibilities, in the mind.
- Retric 16y ago~30,000$ in rice today was significant wealth 1,000+ years ago. (It's all the calories someone needs over a reasonably long life.) However, IMO wealth is best measured as a multiple of your lifestyle, someone with a billion in the bank who spends 300 million a year can't retire without cutting back, but someone with 1 million in the bank who spends 20k/year can.