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October 27, 2018

The truth about wealth

I had this talk with my parents, last night.

Most people have a warped view of what wealth is.

I was telling them how my vision goes way beyond just myself. I don’t just want to have made myself wealthy. I want my kids and their kids and their kids and so on… to be wealthy. To build a kind of family dynasty.

Where the habits that lead to wealth are just expected.

The resources.

The knowledge.

That’s how legacies are built.

And, growing up the way I did, I NEVER want my kids or grandkids or great grandkids to go through what my brothers and I did. And, will literally spend the rest of my life working to make damn SURE it doesn’t.

Anyway, my dad said:

“Well, your mom and I are past that. We’ll never be wealthy.”

And, I was like hold on a minute.

What debt do you have?

None.

Student loans?

No.

Credit cards?

No.

Car payment?

No.

Mortgage?

No.

ANY loan?

No.

See, THAT is wealth. A lot of people equate wealth with a nice house or a fancy car. But, a lot of the people who own that stuff are buried in debt. You add up their net worth and they’re firmly in the negative.

Being ZERO net worth-wise is a win.

It’s a start.

Now, the land they own. The house. Every little thing puts them in the positive. And sure, if you added it all up, it wouldn’t be that big of a number for my parents. But, it’d be a positive one. And, that’s better than a lot of households.

Point is…

Don’t get too caught up in chasing the “appearance” of wealth.

Which is a lesson I wish 23-year-old me had been taught!

Instead, build real wealth.

Which is about profit, not just revenue.

Assets.

Eliminating debt.

Etc.

Anyway, take that for what it’s worth.

MY path to do all this included freelancing because it’s one of the simplest ways to get out on your own and start building your own legacy. I can’t hand my job down to my kids, but I can give them my freelance business.

In any case, if you wanna learn everything I’ve discovered in 14+ years…

And, build your own legacy…

Check out my new freelancing course here: https://skl.sh/2pOiF5g

Later,

John

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