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The Secret to Building True Wealth
Why the Wealthiest People Don’t Look Rich And How You Can Do the Same
A genuine pathway to financial independence refers to shifting our comprehension of wealth rather than generating additional wealth.
Do you associate richness with a particular image in your mind? Flashy cars, designer clothes, sprawling mansions? Individuals possessing vast wealth choose to build their wealth without promoting it through flashiness. According to my role managing $7.8 million in assets as an investment advisor I understand the real barrier to financial freedom does not stem from poor investments. It’s lifestyle inflation.
The Trap of Lifestyle Inflation
The smooth progress of destruction through lifestyle expansion causes the gradual extinction of wealth. A person falls into lifestyle inflation when all increases in pay or bonuses trigger additional spending rather than saving behavior. Many individuals at high income levels mistakenly think their earnings level supports an expensive lifestyle. Getting freedom in time allocation represents authentic wealth rather than the act of consuming.
