A salary increase doesn't mean we're richer.✨

Salaries up. More income.

Doesn't always mean we have to raise the quality of life.

Know Quiet Wealth Quiet Rich 🤫

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1. Understand that income is not wealth.

Many people mistake high income for being rich.

But actually, income is money that comes in.

Wealth is really money left.

If revenue increases,

But the cost increases by or increases by more.

Finally, there is nothing left.

The example that Fern mentioned is

People earn 20,000 baht a month.

Over 4 years of work, more than 1,000,000 baht will be passed.

But if you don't save, that million is just through your hands.

Didn't become wealth.

The main problem is Lifestyle Inflation.

Make more money and spend more expensive lives.

Add as much as never enough

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2. Understand the Gap - Cap -Trap Wealth Equation

Gap is the gap between income and expenditure.

We have to try to keep this gap widening.

The wider the gap, the more money accumulated.

More revenue. No need to increase total expenditure.

Keep costs close to the same to keep more savings.

Cap is to set your own lifestyle ceiling

Want to eat better, wear better, drive better, it's normal.

But if you don't set the ceiling, you'll never know enough.

I have to ask myself, is this really necessary?

Or just beyond necessity.

Find enough points for yourself and not compare them to anyone.

And as income increases, invest more money instead of increasing costs.

Trap is a Status Tax trap

Or using money for image, for socializing.

To treat the eyes more than necessary.

Should find a balance.

Maybe reduce the frequency of unnecessary activity.

Not to hit the financial target.

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3. Calculate real wages

Let's divide the salary into hourly income.

To see the true value of our labor.

Such as income of 50,000 baht per month.

Working 20 days, 8 hours a day.

A total of 160 hours per month.

Income per hour is about 312.50 baht.

And when you see what you want to buy,

Ask yourself how many hours this thing costs.

This question allows more careful use of money.

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4. Invisible Man Strategy

Is to live a simple, unpretentious life.

Maybe drive an old car. Repeat clothes. Eat easy food.

There are three advantages to this.

1. Safety

Reduce the risk of miggies and borrowing money.

2. Serenity

Not being pressured by society or expecting us to spend on raising anyone.

3. True relationship

To date people who come in because of their identity, not because of the benefit of money.

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5. The ultimate goal is time wealth.

Destination of Quiet Wealth

It's not just about having a lot of numbers in the account.

But to buy time freedom for yourself.

Can choose to do or not do anything

Choose to spend time with anyone or take a break anytime.

Prowess makes it faster to reach this freedom.

# Financial discipline # wealthy thmeup # Endurance finance # Lemon 8 Howtoo # stockjournoey