Wealthy

Definition

Being wealthy is having enough wealth to sustain your desired level of living.

Wealth

Wealth

wealth

Wealth buys Financial freedom

Wealth is having assets that earn while you sleep. - How to Get Rich by Naval/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

• wealth:buys:financial-freedom
  • “Wealth buys your freedom” - Naval-Ravikant. It does not buy all types of freedom freedom. Nor does it fully allow External Freedom, as you can be massively wealthy but suffer from illnesses diminishing your ability to allocate time as you desire. Combined with habits to be in good health wealth does buy you ability to decide how to allocate time.

Link to original

• decouple-from::luck
  • Decouple luck from wealth and money

Link to original

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.

Related

• hedonistic-treadmill