Your systems are in place.
Basics are going. Life basics. Family basics.
Then you’ve got your income basics. They’re safe. They generate income. This income goes towards comfortable upkeep of your family. Some of it is saved.
Your investment portfolios are firing. Savings have built these up. You don’t touch these, but keep adding to them upon opportunity.
You’ve just finished implementing all your trading systems.
Some of these are on auto-pilot.
The other ones demand a little of your time each day.
They keep you sharp and all there.
Just fifteen to twenty minutes each.
Skin off your teeth.
You tackle them with your bed-tea.
In other words, you are set as far as being income plus plus plus.
Now you need to hold the line.
What does that mean?
It means everything.
It means no blow-ups…
…no crazy decisions that impact folios and family…
…basically nothing insane coming from you that will threaten your hard-earned situation or worse.
Holding the line means making sure basics stay intact…
…folios keep growing…
…and new systems keep developing that add to these.
It’s really that simple.
When you hold the line, your next step either maintains status quo or adds to you. Preferably, it adds to you.
However, the simpler something is, the more difficult it is to follow.
What are the demons that can slay you?
This stuff looks pretty harmless at first, but is enough to give rise to cracks.
…till you’ve either come back to your senses and filled and sealed them…
…or till they’ve destroyed you right down to beyond your basics.
Yeah, a full blow-up is never really far away, once cracks start to appear.
…while holding the line…
… you keep reminding yourself about what you’re doing…
…why you’re doing it…
…and that you’re never going to blow up, come what may…
…and that you’re going to keep holding the line, come what may…
…and that your next step is always going to add to you.
What’s with this wealth vs income series?
It goes on and on.
Thoughts are like threads.
They can be pulled into infinite.
Also, they are a realm in which one has unlimited freedom.
The speed of thought is faster than the speed of light.
Think about it.
From here to there – anywhere – Jupiter – Uranus – some other universe – in a flash.
Explore your thoughts. Pull them out into infinite threads. It pays.
We are trying to understand the meaning of wealth.
How is it different from income?
What’s the one elephant-in-the-room factor that sums up this difference?
Is there even such a factor?
Yes, I feel there is.
Maybe someone’s come up with this before. I don’t care. We all stand upon the shoulders of giants, as do I. From there, we generate our two pennies.
So, how is wealth intrinsically and basically different from income?
Income is something you take out of your flow, to finance your everyday environment, including shucking up for nitty-gritties in day to day lives of those who depend upon you.
Wealth can be generated from that portion of your flow that has not been taken out for mundane use. This flow, which has not been taken out, has then been simultaneously allowed to coexist by you in a different form, over a long period of time. It accrues, compounds and multiplies – over the long period of time – into wealth.
The most lucrative things in life are also the most simple ones.
Being simple doesn’t come easy to most of us.
That is why the majority of humans are not wealthy.
… comes into your account…
… on a regular basis.
You spend a good part of it to keep your ball rolling.
If you save even a fraction, well you’re good, because this ain’t really an age of savers.
Saved income goes into an asset.
The asset either generates more income…
… or, it generates wealth.
What is wealth?
Wealth is not income. It doesn’t come into your current account regularly.
Wealth grows in a skewed fashion, like an exponential curve.
You don’t look at your wealth-generating asset everyday. Once a month is more than enough.
Wealth funds big events.
Wealth likes time, to grow.
Wealth separates you from those who are hungry. Hunger is not limited to food.
Have you understood the nature of wealth?
What do you strive for, income or wealth?
That’s a huge question.
I’ve answered it for myself.
It’s taken 12+ years to find the answer.
I’ll tell you.
I now strive to create wealth.
Because income has become just a number to my mind.
Yes, that’s the answer for me.
Learning to define the quest for income or wealth requires the appropriate state of mind.
When income becomes just a number to your mind, addition to it doesn’t satisfy you anymore.
Yeah, the kick is missing…
…the thrill-factor…you know what I’m talking about.
In an effort to rekindle this missing element, you then look to create wealth.
There’s enough additive securing you.
You start going for the multiple.