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I've been paying attention to the subject of wealth for a while now. For a reason not far fetched 
Here are some things that seem to be obvious so far:
More money isn't necessarily wealth
People will do anything to be perceived as being wealthy even if they are not
Here are some things that seem to be obvious so far:
More money isn't necessarily wealth People will do anything to be perceived as being wealthy even if they are not
Wealth exists on different levels
Wealth is not only measured in monetary terms
Beyond a certain level of money, all-round wealth becomes more difficult to be attained
The kind of wealth that comes to mind by default (Bezos' kind) will not be attained by > 99% of us
Signals of wealth is what the majority optimize for and that's why they won't have the wealth.
The 7th is what got me thinking more than any other point.
Optimizing for Signals of Wealth. Flashy phones, cars, big houses, latest designers dress, flying first class... and so on are signals of wealth not necessarily wealth.
Optimizing for Signals of Wealth. Flashy phones, cars, big houses, latest designers dress, flying first class... and so on are signals of wealth not necessarily wealth.
The problem with our psych is that we equate all these signals to mean wealth and while those who can afford all signals and more may be wealthy in terms of money, they are not necessarily so.
However, because your psych has equated it with wealth, you start optimizing for it.
However, because your psych has equated it with wealth, you start optimizing for it.
You tell yourself (sometimes subconsciously), if I use the latest Samsung and drive Benz and live in a large house that means I am wealthy.
The problem is deep within that's not what you are telling yourself.
The problem is deep within that's not what you are telling yourself.
What you are telling yourself after doing all that is... "they will perceive me as being wealthy and accord to me the recognition of a wealthy person".
That's a mindset you have to consciously fight.
That's a mindset you have to consciously fight.
Wealth is usually in what others can't see. Your investment in Amazon, your happy family, the phone you didn't buy, the so on.
Others that are feasible are only signals not worth optimizing for.
Others that are feasible are only signals not worth optimizing for.
Realizing this got me in another rabbit hole. The true nature of wealth is custom made.
In my nuclear family, what mama interpreted as wealth was are investment on her children, and whenever we made progress, she's always elated, for her wealth is growing. She defined it.
In my nuclear family, what mama interpreted as wealth was are investment on her children, and whenever we made progress, she's always elated, for her wealth is growing. She defined it.
Wealth being custom made is an interesting phenomenal because it goes down into another ancient Stoic Philosophy.
"We all love ourselves more than other people, but care more about their opinion than our own." ~ Marcus Aurelius
"We all love ourselves more than other people, but care more about their opinion than our own." ~ Marcus Aurelius
As long as you care more about the opinion of others you will always take optimizing for signals of wealth as equal to wealth.
Because if you don't fly first class how would they know that you are wealthy? If you are driving Toyota instead of Bentley how can they access you?
Because if you don't fly first class how would they know that you are wealthy? If you are driving Toyota instead of Bentley how can they access you?
A care for what others say in the area of wealth is the first impediment to true wealth.
Going down more in the rabbit hole I learned another profound thing...
Wealth is in your lifestyle and the options you have to yourself.
Going down more in the rabbit hole I learned another profound thing...
Wealth is in your lifestyle and the options you have to yourself.
We may be earning same amount of money but I will be wealthier than you. The reason is not far fetched as well here.
You fly first class every time you fly and I do economy. While you get a signal of wealth out in the world I have true wealth which is not feasible to the world.
You fly first class every time you fly and I do economy. While you get a signal of wealth out in the world I have true wealth which is not feasible to the world.
Remember I said wealth is what they don't see.
Your lifestyle more than any other thing determines your level of wealth.
Well, this is a hole I'm still digging.
More to come.
Your lifestyle more than any other thing determines your level of wealth.
Well, this is a hole I'm still digging.
More to come.
Other threads I wrote about money and investing. https://twitter.com/DavidAlade__/status/1267871272454815746
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