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March 24, 2021

On Money and Wealth

The Algebra of Wealth

Professor Scott Galloway talks money.

Focus x Stoicism x Time x Diversification = Wealth

Focus on what matters. Be a Stoic in the face of temptation. Use Time to your advantage. Diversify your investments.

In any economic climate, how do we build economic security, foster love, and find joy? How do we get rich?

Slowly.

Mr. Money Moustache

A great read through and through. Start here.

I had an aha! moment after finding his blog. Put simply,

Income - Expense = Savings

So, you can increase your savings rate either by 1) increasing your income (get a better job!) or by 2) decreasing your expenses (limit lifestyle inflation). 1 may or may not be possible all the time but 2 always is!


Tags: money wealth personal finance

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