Definition
Being wealthy is having enough wealth to sustain your desired level of living.
Wealth
Wealth
wealth
Link to originalwealth-buys-external-freedom
Wealth is having assets that earn while you sleep. - Naval-Ravikant
Code and media are permission-less leverage. They’re the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval-Ravikant
Relationships
Link to original
- wealth:buys:financial-freedom
- It does not buy all types of freedom freedom. Nor does it fully allow external, as you can be massively wealthy but suffer from illnesses diminishing your health-freedom. However, it does very much buy ability to choose how you allocate time.
Thoughts
Given that being wealthy is having enough assets that earn while you sleep to cover your desired level of living.
Hence, there are two avenues to speeding up becomes wealthy:
- Increase income from assets.
- Increase amount of assets.
- Increase sustainable return on existing assets.
- Decrease desired level of living.