Money is just a resource to make life easier. If you just have it without using, you are as good as a poor man with just money 💰. It is equivalent to having a treasure chest and never opening it.
Buffett on reading financials:
"That’s something we’ve never really talked about publicly, but I actually spend more time looking at balance sheets than income statements. Wall Street often focuses on income statements, but I like to study balance sheets — ideally over an 8 to 10-year period — before I even glance at the income statement. You can’t hide as much on the balance sheet. It's harder to manipulate than earnings figures"
Most investors never build real wealth.
Why? They ignore one simple rule from Charlie Munger:
"The big money is in the waiting."
Here are 7 brutal investing lessons that separate the rich from everyone else:
Don’t ask yourself what the world needs, ask yourself what makes you come alive, because what the world needs are men who have come alive
#John_Eldredge, Wild at Heart
Our society is obsessed with 'new' to the extent that we discard perfectly good items for the latest trend, fueling a wasteful and unsustainable consumption model.
The act of buying has become a hollow ritual, a desperate attempt to fill an emotional void. We've lost sight of the true purpose of consumption: to enhance our life, not define it.