Many people want to be financially free and to be financially free, people will need a lot of money and a good cash flow with the help of a few passive income sources. To achieve all these, it can take a lot of time. Initially, it might look like an easy task but gradually when we start going further, the journey can be a long one because we would be earning money but along with saving the money, we would also be spending the money we earn. Even though we try to save a lot of money, we may not be able to be safe enough for financial freedom.
Some people might become a millionaires overnight. Some people suddenly get some good fortune and their quality of life can start increasing. But all these things can happen only to one in a million. Not everyone gets a good fortune and an easy way to be successful or earn money. People rely mostly on their efforts and hard work and I would also agree that hard work is important and at the same time smart work is also important for wealth creation. Most of the thoughts in this article are going to be my personal opinions and personal experiences.
Being rich and wealthy are two different things
We have to first understand the important difference between wealthy people and rich people. Many may wonder what can be difference but wealthy people don't usually showcase themselves as rich one. Their focus will always be on creating more wealth and it would be to secure their future. Rich people usually buy expensive items and spend a lot of money on luxuries.
We can even say that people who did a lot of hard work throughout their lives will not have a rich life because they know the value of money. But they will have a wealthy life. They are capable of spending a lot of money on luxuries but they prefer to stay humble with all their wealth and they are also most philanthropist. It is good to take a lot of examples from wealthy people and avoid the characteristics exhibited by rich person. Even if we have a lot of money, we have to be very responsible in the way we spend that money.
Hard work is a part of wealth creation
Sometimes people easily judge a wealthy person saying that they are lucky to have so much of wealth. But the fact is that it is easy to give money to everyone and try to make them live a rich life. Some people spend the money on the riches and some people save it to lead a wealthy life in the future. People who spend the money on temporary riches may not have a lifelong wealthy life. They might end up being a regular person or even poor.
Staying wealthy is also a mindset that everyone should learn before accumulating wealth. In other words, we can also say that it is a discipline because we get a huge amount of money for us to spend wisely. It is a huge responsibility that is given to us. We have to be very sensible about what we are doing. Some people might take some shortcuts in their life. There will be moments when they wonder and realize they should have not done that.
If there is a shortcut or an avenue that gives us fast wealth accumulation, the wealth usually obtained through those shortcuts will not sustain us. It will leave us as fast as it came to us. This is what our culture has taught us.
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