4 ms·
Wealth produces income, and usually in a linear way. If you have $1.5M in wealth then you should have 1.5M times more income each year than someone who has $1 i
by randomdata 2y ago
Wealth produces income, and usually in a linear way. If you have $1.5M in wealth then you should have 1.5M times more income each year than someone who has $1 in wealth from that source alone. Note: That doesn't imply a $1.5M income; it more likely means you make, say, $50,000 while the other person makes an imperceptible amount.
If that is not the case, you are failing to utilize the asset to its full potential and should be selling it to someone who can. Feeling the pinch on the cost side is the pressure for you to make that happen. Shape up or ship out, as they say.
And, should you ship out, once you do sell it then you have $1.5M to deploy somewhere where you can fully utilize the wealth. Then you will realize the 1.5M multiple to not only to your own benefit, but also society at large. Under-utilized assets harm us all.
If you have $1.5M in wealth, you are unquestionably wealthy. If you choose to forgo the income wealth can provide, thereby hurting on the cost side, that's merely a choice.