Managing Money is easy.
Managing Wealth isn’t.
We quantify what’s easily countable, not what matters most.
Wealth isn’t as easily defined.
But it’s quite impossible to manage something we haven’t defined for ourselves.
𝐈 𝐚𝐦 𝐜𝐮𝐫𝐢𝐨𝐮𝐬, 𝐰𝐡𝐚𝐭 𝐢𝐬 𝐰𝐞𝐚𝐥𝐭𝐡 𝐭𝐨 𝐲𝐨𝐮?
I say wealth is a relative feeling.
Some people compare their level of wealth to other people.
Some people compare their level of wealth to their previous levels of wealth.
Some people think of wealth in terms of the material possessions they own.
Some people think of wealth in terms of how much money they make.
𝗦𝗼𝗺𝗲 𝗽𝗲𝗼𝗽𝗹𝗲 𝘁𝗵𝗶𝗻𝗸 𝗼𝗳 𝘄𝗲𝗮𝗹𝘁𝗵 𝗶𝗻 𝘁𝗲𝗿𝗺𝘀 𝗼𝗳 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗶𝗻𝗴 𝗹𝗶𝗳𝗲 𝗳𝘂𝗹𝗹𝘆. (I am in that camp)
And some people compare their level of wealth to a number or benchmark that they think will make them feel wealthy.
The weird thing about money is that there can be a big difference between how much you think you need to feel wealthy & how...