Alvin, CEO of Dr Wealth introduced interesting ideas that shook up the personal finance community with this article: are financial bloggers suffering?
He argued that there are generally two types of people, two different approaches to financial success:
People that draw from their strength to suffer, the monks People that do bold things, the warriors
That’s an interesting argument. I’d like to build on the initial argument to state that the warriors and monk approaches are not mutually exclusive. The strength to suffer: accumulating wealth by saving money and the strength to do bold things: accumulating wealth through entrepreneurship. Are not mutually exclusive.
Warriors aren’t Excluded from The Art of Zen
Alvin argued that the monk’s prowess lies in his ability to resist temptations. He isolates himself from the outside world, leads a secular life and doesn’t require much material comfort. You’ll traditionally consider this side of the camp as ‘savers’ ......