Thinking Won’t Make You Rich But Understanding the Economy Just Might

And here’s how it works.

Photo by Ronan Furuta on Unsplash

Most money tips articles have good intentions but they’re not moving the needle.

1. Get a job.
2. Don’t spend all of your income.
3. Pay your debt.
4. Get a side hustle.
5. Invest.

…are popular because they make readers feel good. But not wealthy.

If you want to get rich, you need to understand the system where money circulates.

1. It’s the Economy, Stupid

Money is the result of a sale.

Rich people have lots of money because they sell lots of things.

Mr. Farmer plants an apple tree. After a few years, it produces 100 apples which Mr. Farmer sells for €100. Nice! But it’s not enough.

So Mr. Farmer plants one million apple trees. After a few years, those million apple trees produce a hundred million apples.

Mr. Farmer sells all of these apples and earns €20 million.

Now rich, Mr. Farmer can rest.

The Origins of Wealth