“The definition of wealth is the number of days you can survive without physically working (or anyone in your household physically working) and still maintain your standard of living. It’s that simple. It’s not about what you can buy. It’s about your ability to sustain your existence without working.” -Robert Kiyosaki
Posts Tagged ‘buy’
Wealth Defined
Posted: April 1, 2019 in Money Matters, Thought for the DayTags: ability, buy, Definition, existence, living, maintain, number, physicallay, simple, standard, survive, sustain, Wealth, what, working
Anxiety Thought
Posted: March 23, 2019 in Thought for the DayTags: anxiety, buy, categories, chocolate, common, country, depression, estimates, healthy, innovation, mental illness, million, mood, most, population, product, products, sleep, stress, think, treat, yogurt
Here in the U.S., the Anxiety and Depression Association of America estimates that anxiety affects 40 million adults – that’s 18% of the entire population. Anxiety is now the most common mental illness in the country.
Product innovation oriented around anxiety (encompassing stress, mood, and sleep) spans nearly 30 different categories, including chocolate, yogurt, air fresheners, fabric conditioners, and skincare.
The more products we buy to treat anxiety, the more we’ll think about our anxiety… And that’s not healthy.” -The Crux
Because You Can
Posted: January 31, 2019 in Thought for the DayTags: because, buy, doesn't, everything, expensive, house, life, phrase, should, skip, work
“The phrase ‘just because you can doesn’t mean you should’ applies to almost everything in your life… Just because you can buy an expensive house doesn’t mean you should. Just because you can skip work today doesn’t mean you should… The list goes on.” -Dr. David Eifrig
Debt Trap
Posted: February 21, 2018 in DebtTags: borrow, buy, car, college, complete, cycle, degree, house, life, Money, slave, trapped, wage, whole
“You’re going to be a wage slave your whole life… You’ve got to borrow money to buy a house. You’ve got to borrow money to buy a car. You’ve got to borrow money to get a college degree. You’re trapped in this complete cycle.” -Porter Stansberry
Pay Cash?
Posted: March 21, 2017 in Private Reserve StrategyTags: bank, buy, car, Cash, control, earning, Financing, investing, opportunity, pay, question, return, spending, trade
“Even if you buy a car with cash, you are forfeiting the opportunity of investing that cash and earning a return on it. So even people who always ‘pay cash’ still experience the same implicit trade-offs between spending now versus later…the real question is whether you are going to obtain your financing from a bank controlled by outsiders, versus a bank that you control.” -Robert Murphy
“It took me a while to get to this point in my life. But I’m glad I made it… I’m at the point where I can buy what I want. But I don’t. It’s an important point to reach.” –Steve Sjuggerud
