The quiet rich do these 4 things.

Content summary...

The quiet rich do these 4 things. More money doesn't stop every year!

From THE Standard WEALTH's Youtube channel.

The content of this clip discusses the Quiet Wealth concept, or quiet wealth creation. It is pointed out that sometimes high-income people do not always mean high wealth, because wealth is what we collect, not the money that comes in and flows through. In addition, many people often fall into the trap of "Lifestyle Inflation," which is that when more money is raised, the ceiling of the Lifestyle will be expanded, the quality of life or the cost will increase as well. In the end, even if more money is raised, it will never be collected.

4️⃣ important step in creating quiet riches.

1️⃣ Understand the wealth equation:

- Gap: Widening the gap between "income" and "expenditure," or is it when we have increased income from any channel, such as salary, extra work, etc., so that we try to keep the same level of expenditure (or perhaps a little more) to make a greater difference in saving or investing.

- Cap (Ceiling): Set your own lifestyle limits, which you can understand that everyone wants to live better, eat more luxury, be more comfortable, or want more new things. But if we do not set our own limits, we will eventually become "insatiable," so you should always review yourself whether what we spend is real or just an excess of desire.

- Trap: Be careful of wasting money on socializing just because of fear of being alienated or hoping for a connection, at which point we don't have to cut off any relationships, but just "reduce the frequency," for example, maybe a party every week is usually reduced to a few times a month instead, so that we still maintain a balance between financial goals and fertility.

2️⃣ Real Wage Calculation: Many people may never calculate how much they earn per hour. To prevent themselves from spending lavishly, try to make fun of calculations such as having a salary of 50,000 baht divided by 20 days (the number of working days) and dividing 8 hours (the number of working hours) is about 312 baht per hour. And when we know this, when we decide to buy something will help us to be more conscious and think, "How many hours do we have to work to buy this piece?" This will help us to be more careful about spending a lot.

3️⃣ The Gray Man: When you start to have money or wealth, you don't have to declare or boast to the world, just live a normal life in harmony with a normal society, where being a quiet rich person like an invisible man has the same advantages, such as

- Safety: It's not Mijie's target, and no one's borrowing money.

- Calm: Not expected, judged, or pressured by society to help others.

- True Relationship: Have a friend who really comes into association because of who we are, not someone who comes in for benefits or money.

4️⃣ towards "time wealth": the destination of collecting money, not just having a lot of numbers in the account, but "buying time and freedom to choose for your life," whether you want to do or not do something, when you take a break, and who you want to spend time with.

# Think like a rich man # Riches # lemon 8 diary # Think rich # Habits