Your ladder from saving to investing to owning productive assets hits because it removes drama. I use a tiny rule, every raise gets split 50, 30, 20 into index funds, skill stack, and guilt free fun, so lifestyle creep never grabs the wheel. Curious where you place buy back attention costs like childcare or a cleaner, expense or wealth multiplier?
The gap between money and wealth is the one that actually changes how you think about everything else. A higher salary without that reframe just turns into a higher burn rate. Seen it too many times.
Point 5 is the one I keep coming back to. The portfolio you design in calm isn't the one you hold in panic. Same spreadsheet, different person. Every allocation is really two decisions: one made at your best, one made at 3am when something breaks. The gap between those two versions of you is the real risk profile, and most people never measure it because the test only arrives when they can least afford to fail it.
I would never be able to become a millionaire as I would donate money away for those who need it the most - homeless, starving, war victims, and rewilding projects. Accumulation of wealth comes from the ego, not from the heart. It takes courage and honesty to see this.
Your ladder from saving to investing to owning productive assets hits because it removes drama. I use a tiny rule, every raise gets split 50, 30, 20 into index funds, skill stack, and guilt free fun, so lifestyle creep never grabs the wheel. Curious where you place buy back attention costs like childcare or a cleaner, expense or wealth multiplier?
The gap between money and wealth is the one that actually changes how you think about everything else. A higher salary without that reframe just turns into a higher burn rate. Seen it too many times.
100%
Insightful, thanks for sharing !
I’m a consultant and it’s true that seeing nice watches all day is tempting.
To avoid unnecessary purchases I have two rules :
- 1 month rule : am I still that interested in the watch after one month ?
- easy replacement rule : if I lost this watch tomorrow (and I really liked it) am I able to afford a new one without harming my budget ?
your idea about make money from what you're genuinely good at are beautiful and profound, brother.
Thanks for the feedback man.
Very well written.
I really like the raw talk, I do it myself aswell.
Thanks for reading!
Well explained, It's very thoughtful...
I’d love the contrarian way of thinking. When I was younger, I just thought I was odd. When I grew up I learned what a contrarian was.
For me I've broken it down into 5 key principles, executing these consistently has built a wealth generating fly wheel that feels almost unbelievable.
https://ukfinance.substack.com/p/the-fi-playbook-for-your-20s-how?utm_source=share&utm_medium=android&r=75jx9z
Point 5 is the one I keep coming back to. The portfolio you design in calm isn't the one you hold in panic. Same spreadsheet, different person. Every allocation is really two decisions: one made at your best, one made at 3am when something breaks. The gap between those two versions of you is the real risk profile, and most people never measure it because the test only arrives when they can least afford to fail it.
People see the results.
They don’t notice the things below the surface.
the efforts, the hard work, and the consistency.
Well written
Spot on
Let’s grow together by supporting one another if you’re also new on Substack, feel free to subscribe and I’ll gladly do the same.
I would never be able to become a millionaire as I would donate money away for those who need it the most - homeless, starving, war victims, and rewilding projects. Accumulation of wealth comes from the ego, not from the heart. It takes courage and honesty to see this.