the best closer • 2m
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
Founder And CEO Of F... • 7m
"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 MoreFinance Enthusiast! • 9m
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 MoreECE student | Entre... • 1m
Today’s insight: Use other people’s money! 🚀 The rich get richer by leveraging— Banks lend for assets like properties. Landlords buy homes, Airbnbs cash flow. It’s not their money—it’s the bank’s! They profit while others pay the loan. How will you
See MoreTrying to do better • 8m
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 MoreBuilding JalSeva and... • 9m
"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 MoreDownload the medial app to read full posts, comements and news.