4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP536: Buffett and Munger’s Principles and Mental Models

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Building Wealth and Financial Independence

The first step for anyone to start building wealth and then eventually achieve financial independence is to spend less than you make. Peter Lynch stated, in the long run, it's not just how much money you make that will determine your future prosperity. Lasting happiness is achieved by living a meaningful life filled with passion and freedom. Growth and contributions are the bedrock of happiness, not stuff.

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