Back

spectar

the best closer • 2d

The Wealth-Building Mindset: Looking Beyond Money and Status "Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy." - Naval Ravikant This simple yet profound statement reframes our understanding of financial success. While many chase high salaries or prestigious titles, true financial independence comes from building wealth through assets that generate passive income. Wealth vs. Money Money is merely a tool for transferring value—the currency we use to exchange our time and skills. Wealth, however, is about creating systems that generate returns without requiring your constant attention. This could be investments, businesses with good systems, or intellectual property that pays dividends long after the initial work is complete. The Status Trap Status-seeking behavior—buying luxury items, chasing titles, or maintaining appearances—often works against wealth building. These pursuits typically consume resources rather than generate them, creating a cycle that requires ever more money to maintain. The Path Forward The journey to financial freedom isn't about working harder for more money, but working deliberately to build or acquire assets that work for you. This mental shift—from income maximization to asset accumulation—is what separates those who must work their entire lives from those who achieve financial independence. The most valuable investment isn't in things that depreciate, but in assets that appreciate and generate returns while you focus elsewhere—or even while you sleep. #FinancialIndependence #WealthBuilding #PassiveIncome #InvestmentStrategy #FinancialFreedom #AssetAccumulation

0 replies9 likes

More like this

Recommendations from Medial

Image Description

Suman Meghwal

Wealthseeker • 3m

Wealth isn’t about money or status—it’s about owning assets that work for you. Build specific knowledge that feels like play to you but is valuable to others. Partner with intelligent, energetic, and ethical people. Learn to sell and build—master bot

See More
1 replies4 likes
1
Image Description
Image Description

financialnews

Founder And CEO Of F... • 5m

"8 Powerful Assets to Help You Achieve Financial Freedom and Quit Your Job" Robert Kiyosaki's 8 Essential Assets to Achieve Financial Freedom Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, is known for his unique approach to per

See More
3 replies2 likes
Image Description
Image Description

SHIV DIXIT

CHAIRMAN - BITE INDU... • 6m

📖 DAILY BOOK SUMMARIES 📖 🔗 DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE — https://drive.google.com/file/d/1xXOQOH7ecNfgQCbZN0-2tRu7QsaSNxfJ/view?usp=drivesdk 🔥The Millionaire Next Door 🔥 🚀 25 Lessons By 👉 ✨Thomas J. Stanley and William D. D

See More
6 replies19 likes
14

Suman Meghwal

Wealthseeker • 3m

Naval Ravikant on Freedom and Wealth: 1. Take More Risks: If you're sincere and keep trying, failure isn't a huge concern. 2. Own Equity: Ownership, not income, is the source of wealth. 3. Make Use of Leverage: Expand your work via code, media, or b

See More
0 replies1 like

Rutuja Sutar

Finance Enthusiast! • 7m

As a financial enthusiast, I am passionate about empowering youth and women to take control of their financial futures. With a strong foundation built on personal investment experience, I’ve learned the power of discipline, patience, and emotional ma

See More
0 replies3 likes

Tushar Aher Patil

From Nothing to some... • 6m

Day 6 About Basic Finance and Accounting Concepts Here's Some New Concepts 3. Tangible Assets Physical assets that have a physical form and can be touched. Examples: machinery, real estate, vehicles, inventory, and office supplies. 4. Intangibl

See More
0 replies10 likes
4

CA Dipika Pathak

Partner at D P S A &... • 8m

What's that one true sense of independence for you? For me, it's having the financial freedom to create meaningful change in the lives of others. Whats yours????? Happy 78th Independence day❤️

0 replies4 likes

Suman Meghwal

Wealthseeker • 2m

Key Lessons from naval ravikant: 1. Time = Money – Outsource low-value tasks. 2. Think Big – Set a high hourly rate, even before wealth. 3. Wealth > Status – Wealth is unlimited; status is competitive. 4. Mindset Matters – Hating wealth blocks

See More
0 replies1 like

Aakash kashyap

Building JalSeva and... • 7m

"The psychology of money" 🌟 (Book summary) Day 01 1. Wealth vs. Richness •Definition: Housel distinguishes wealth as the assets you have that generate income, while richness refers to a high income or spending power. •Living Below Your Means: True

See More
0 replies6 likes

Tushar Aher Patil

From Nothing to some... • 6m

Day 5 About Basic Finance and Accounting Concepts Here's Some New Concepts An asset is anything that an individual, company, or government owns that holds value and can generate future benefits. Assets are essential components in financial accounti

See More
0 replies4 likes

Download the medial app to read full posts, comements and news.