Wealth Building: The Principles, Part 2

Wealth Building: The Principles, Part 2

Now Shift Your Focus For A Better Perspective

To be clear, and despite all these nice calculations for your future: It is certainly important to get a job first and to cover your daily needs and expenses. But that combination of working and making money alone is unlikely to help you improve your path to financial freedom or even stability.

(mehr …)

Wealth Building: The Principles, Part 1

Wealth Building: The Principles, Part 1

Wealth building is probably the second most important issue in a person’s life. The most important? Certainly happiness and fulfillment.

Interestingly enough, for some people these two things go hand in hand.

Nevertheless, it cannot be denied that at some point in life parts of both issues somehow seem to interact and overlap. That’s how we grew up – money is the ultimate backbone on which everything is built. We are told on a daily basis that we could even be more happy by purchasing more and more stuff.
I like the saying, that some people seem to buy things with money they don’t have to impress people they don’t like. And how much effort one will put in accumulating money to buy something a little more fancy is surely everyone’s own decision.

But what about the really necessary things that also require money, such as food, medical care, clothes?
I’m not saying anything new here: Everyone should strive for the goal of making sure that these things are never going to be linked to financial problems at some point in someone’s life.
You can be hungry, but being hungry and having no money sucks. You can be sick, but being sick and having no money sucks. And for the clothes – you get my point. (mehr …)