Interesting topic, for me, in recent years, instead of being rich, I try to be wealthy instead of rich. What are the main differences between them although they sound pretty similar? [Thinking] [Thinking] [Thinking] In general, the rich are those who have a lot of money. They may have inherited their wealth or they may have earned it through their hard work. The wealthy, on the other hand, are those who have a lot of assets. This includes things like property, stocks, and bonds. The wealthy may also have a lot of cash on hand, but they also have other ways of growing their money. [Doubt] [Doubt] [Doubt] A few main differences to highlight: 1. The wealthy are typically born into money, while the rich have to work
$Tiger Brokers(TIGR)$ Traditional wealth views often prioritize saving, frugality, and long-term financial stability, while modern wealth views may emphasize entrepreneurship, investment, and leveraging resources for growth and impact. Which mindset do you align with?
$Tiger Brokers(TIGR)$ both traditional and modern mindset can adapt together become better mindset...learn essense from traditional, learn new things from modern, this not off track and keep on improving and up to date what needed for nowadays.
Thank you for sharing this insightful article comparing old and modern perspectives on wealth accumulation. It serves as a valuable reminder for investors and traders to reflect on their approaches. Personally, I've transitioned from traditional notions to more contemporary viewpoints, and it has profoundly impacted my life. By embracing modern ideas, I've found a deeper sense of purpose, leading to an increase in happiness and a decrease in stress levels. I've come to understand that wealth extends beyond mere net worth; it encompasses holistic well-being, including physical and mental health. This shift in mindset has translated into tangible results, with improvements in both my health and financial standing. By meticulously planning my expenses and prioritizing healthy financial habits
I'm leaning towards modern ideas. Money is a mean to an end. To what you intend to have your money do for you e.g. FIRE. That said, money is a pretty good means [Happy]
✨ 💰✨ Breaking the Bank: A Modern Money Maven’s Maverick Manifesto ✨💰 ✨ In a world where the pursuit of wealth often resembles a game of Monopoly played with real-life consequences, I stand as a maverick amidst the sea of tradition, navigating the currents of finance with a modern flair. Money, to me, is not merely a currency but a conduit for catalysing change, a tool for sculpting a future that transcends the limitations of convention. While others hoard their treasures like dragons guarding their gold, I choose to invest in ideas that ignite innovation and ignite societal progression. But my modern view towards money extends beyond the boardrooms and trading floors. It encompasses a holistic approach that recognizes the importance of financial literacy and empowerment. Through educationa
$Tiger Brokers(TIGR)$ I have boths mix mind set through investments, earlier more on traditional and now venture into more modern as realised that money need to spend then have the motivation to earn through investments not just savings at bank as inflation can eat away the money . value
🎁Traditional or Modern Wealth Views: Which Camp Are You In?
Come find out you have a traditional or modern wealth mindset!1. What is wealth defined as?Traditional views: wealth is an abundance of money.Modern ideas: wealth is freedom and fulfillment to do the things you want.2. Do you like discussing money-related topics?Traditional views: it's impolite to talk about money in social settings.Modern views: discussing money as essential.3. Do you have a clear plan for saving and spending money?Traditional views: save money for money’s sake, without a clear plan for saving and spending.Modern views have clearer plans for both income and expenses.4. Why do you accumulate wealth?Traditional views: you save money because others are doing so.Modern views: focus on personal happiness, like buying or experiencing what you desire. Which type do you belo
✨ 💰✨ Breaking the Bank: A Modern Money Maven’s Maverick Manifesto ✨💰 ✨ In a world where the pursuit of wealth often resembles a game of Monopoly played with real-life consequences, I stand as a maverick amidst the sea of tradition, navigating the currents of finance with a modern flair. Money, to me, is not merely a currency but a conduit for catalysing change, a tool for sculpting a future that transcends the limitations of convention. While others hoard their treasures like dragons guarding their gold, I choose to invest in ideas that ignite innovation and ignite societal progression. But my modern view towards money extends beyond the boardrooms and trading floors. It encompasses a holistic approach that recognizes the importance of financial literacy and empowerment. Through educationa
Interesting topic, for me, in recent years, instead of being rich, I try to be wealthy instead of rich. What are the main differences between them although they sound pretty similar? [Thinking] [Thinking] [Thinking] In general, the rich are those who have a lot of money. They may have inherited their wealth or they may have earned it through their hard work. The wealthy, on the other hand, are those who have a lot of assets. This includes things like property, stocks, and bonds. The wealthy may also have a lot of cash on hand, but they also have other ways of growing their money. [Doubt] [Doubt] [Doubt] A few main differences to highlight: 1. The wealthy are typically born into money, while the rich have to work
Thank you for sharing this insightful article comparing old and modern perspectives on wealth accumulation. It serves as a valuable reminder for investors and traders to reflect on their approaches. Personally, I've transitioned from traditional notions to more contemporary viewpoints, and it has profoundly impacted my life. By embracing modern ideas, I've found a deeper sense of purpose, leading to an increase in happiness and a decrease in stress levels. I've come to understand that wealth extends beyond mere net worth; it encompasses holistic well-being, including physical and mental health. This shift in mindset has translated into tangible results, with improvements in both my health and financial standing. By meticulously planning my expenses and prioritizing healthy financial habits
Replying to @FrankieRed:Agree!! 🙌//@FrankieRed:I am more of modern ideas now. I understand the value of money. You need to spend it happily in order to appreciate the value. If you keep saving, the value of the money will not bring happiness to you. It is just a figure in your bank account. It is just a piece of paper in your wallet. The value of money is not being used and show up. Therefore, you must know how to earn money wisely and spend happily. Give me a like ton support me. @Atiyatun @Barcode @Drdeedee
I am more of modern ideas now. I understand the value of money. You need to spend it happily in order to appreciate the value. If you keep saving, the value of the money will not bring happiness to you. It is just a figure in your bank account. It is just a piece of paper in your wallet. The value of money is not being used and show up. Therefore, you must know how to earn money wisely and spend happily. Give me a like ton support me. @Atiyatun @Barcode @Drdeedee @jethro @Terry Tan
I think i m in modern ideas as i have by passed traditional views. I believe as you age, you will move from traditional to modern views. Money is not yours until you spent. At times, we need to pamper ourselves and not leave too much for the next generation. Otherwise, easy money for them. Dont need to work hard for it.
$Tiger Brokers(TIGR)$ I have boths mix mind set through investments, earlier more on traditional and now venture into more modern as realised that money need to spend then have the motivation to earn through investments not just savings at bank as inflation can eat away the money . value
$Tiger Brokers(TIGR)$ Traditional wealth views often prioritize saving, frugality, and long-term financial stability, while modern wealth views may emphasize entrepreneurship, investment, and leveraging resources for growth and impact. Which mindset do you align with?
$Tiger Brokers(TIGR)$ both traditional and modern mindset can adapt together become better mindset...learn essense from traditional, learn new things from modern, this not off track and keep on improving and up to date what needed for nowadays.
$Tiger Brokers(TIGR)$ I subscribe to a mixed approach. Traditional for the fundamentals and modern to strike a balance between investing, saving and spending
I'm leaning towards modern ideas. Money is a mean to an end. To what you intend to have your money do for you e.g. FIRE. That said, money is a pretty good means [Happy]