How you define being rich or success goes far beyond just money, fame, or status. I have found some really wealthy individuals who have explained this to me in the books I have read (such as billionaire steel magnate Andrew Carnegie) to the videos I have watched (such as millionaire Tai Lopez) to other knowledge I have consumed. I think the following video does a great job of explaining the basics of true wealth and success. You have the ability to define what it means for yourself but it might be worth considering to be able to define it as one or more of the following: spending quality time with your family, having great friends, doing what you want when you want to, enjoying the world, experiencing the things you want to, being truly happy, being healthy, being loved by those who you want to love you, creating new things for the world, helping the world, not being chained down by lack of money, and having the freedom to do what you want in a non-materialistic way.
This video is by Scooby, a long time fitness expert on Youtube. As you may know, I watch more Youtube than many people will in their lifetimes. I’ve watched Scooby for a while now (many years). (I know, I’m still not fit, but this is a marathon not a sprint and admittedly, I have been inconsistent and simply a watcher but not a doer in my past) And I am just so surprised at how well he understands some of these concepts. I stress many of these concepts in my video and I will stress them even more in future videos. I am thoroughly impressed by his knowledge on things. A simple but essential truth in personal finance is explained in this video which is that it’s now how much you make sometimes, but what percentage of that you spend. Some people will be forever poor because they spend 120% of what they make immediately and if unexpected disaster strikes in the future (which it will), they’re screwed. Additionally, they are bound by their job and will put off forever any thing they wish they could do with their money because of stupid, unnecessary purchases and overspending. Long-term sustainability and safety cannot be achieved being so foolish with money. It is somewhat strange how I will try and tell this invaluable piece of advice to people in real life and some of them will close their minds to it and not even consider it. They will not even try to listen. It is like a man who won’t take free money. But not you. My audience is generally speaking pretty open, bright, and looking to succeed. Take heed. And you won’t be like some men who earn a great deal and yet still end up bankrupt. Mike Tyson made millions in a year and spent so much that he ended up bankrupt and millions of dollars in debt.
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