Re: Different types of wealth
#1 doesn't say u have to put x% away in savings from your paycheck in order to achieve it; u can get it in a few months from a startup company or u can buy real estate, etc
#2 is not wealth; it is spending your paycheck to live well; if ur paycheck is high, then u can be RICH, but it's not wealth
#3 is not wealth either; it's living how u want to live
only #1 is wealth and u are saying it's a bad goal...why is it a bad goal to have ultimate freedom and not have to worry about your next paycheck? #2 has to worry about the next paycheck, as if it doesn't come, wave porsche...
u are saying a subset of 1, which is to save every penny so u have money when u retire at 65, is bad...fine...but there are plenty of subsets of 1 that u or i could achieve within a month from now if we did the right things
my goal is #1, as it's the only one of the 3 that is wealth...but my goal is to get there by 35, not by 65
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