People pay for 3things
1)Solutions - pay to make a problem disappear - Pain, Stress, Debt, Loneliness
2)Convenience - pay a premium to skip the hard way.Easier, faster..etc
3) Experience - eg: Starbucks - you are not paying for the coffee, you are paying for the feeling
The 5 Stages of Wealth
1. Survival
- Living paycheck to paycheck.
- Debt is stressful.
- No emergency fund.
2. Stability
- Bills are paid on time.
- Emergency fund in place.
- Saving consistently.
3. Growth
- Investing regularly.
- Assets begin generating returns.
- Net worth increases every year.
4. Freedom
- Passive income covers most or all living expenses.
- Work becomes a choice, not a necessity.
- Financial stress is minimal.
When you are tired, eat SALT.
When you experience a headache, eat SALT.
When you are angry, eat SALT.
When you are hungry, eat SALT.
When FASTING, eat SALT.
When your libido drops, eat SALT.
SALT is life.
#FoodFriday