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345 | The Art of the Career Pivot

ChooseFI

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Is Someone's Rich Because They Make a Lot of Money?

i think that's a lot of like, the keeping up of the joneses, and also the lack of financial knowledge that most people have ret. And i think really, upon any kind of further inspection, this is pretty obvious, but someone's wealthy because they have a net worth, right? It's not because of what, what income they're earning,. If somebody is earning a hundred thousand dollars a year... could any one with a straight face argue that that person is wealthy? I don't think you could. Whereas somebody who's make forty thousands dollars a year and is saving 50 % of that, right? 20 thousand dollars ayear, that's going to compound to financial

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