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The Philosophy of Wealth
Remember, Money Is Not Wealth
Law #1 — The 33 Laws of Wealth
Remember, money is not wealth.
But why?
Because…
Money is but one type of financial instrument, a way to transact with the world, to exchange labor and time for goods and services. It is a means, not an end.
Money is simply a tool — one of many tools. It is not wealth itself.
Wealth, on the other hand, is a different beast altogether.
Wealth is not just about how many stocks, bonds, or cryptocurrencies you have. Those are all assets, things that can be bought and sold, used to generate income, or appreciate in value.
But they are not wealth.
And if those assets are used incorrectly, they could be your undoing. As you watch whatever fortune you’ve labored to build vanishes with the crashing markets.
Picking the wrong assets to hold may very well be the final nail in the coffin.
What Is Wealth?
Wealth is the measure of your ability to accumulate as many valuable assets while enduring difficult times, maintaining a comfortable (maybe even extravagant) lifestyle in the face of adversity, and weathering the storms of the markets.
Wealth is not a number on a balance sheet or a portfolio statement. It is so much more.
Wealth is something you build over a lifetime through the mastery of power, politics, and persuasion.
It results from knowing how true wealth is generated, through making the right decisions, and enduring unexpected trials and tribulations.
You cannot create wealth overnight. It takes time, patience, and discipline.
But if you will make the commitment, you can become wealthy beyond your wildest dreams.
To build wealth, you must first understand how it actually works and how it can create value for society — and of course, ultimately…
