How much are you paid? What is your income? How much money do you make?
These are commonly asked questions. People are often focused upon how much they are making.
The answers to these questions tend to be popping up some number such as $50K per year.
When looking for a job, one of the top requirements is the salary/wage paid.
Unfortunately, this is the wrong path. It certainly is not the way the wealthy look at things.
Forbes puts out an annual list of The Richest People in the world. It is not a list of the highest income earners. In fact, how much these people make in salary is secondary to what their worth is.
Which brings up the question, why are we so concerned with how much we are making as opposed to the change in our net worth is?
Of course, income ties into net worth since it is through the money we earn that we are able to invest and put our money to work. At the same time, since almost all of us are concerned about paying our bills, income is vital in that endeavor.
Do you recognize this guy? Of course, it is Elon Musk who is the top shareholder of Tesla, among other companies.
Here is the major question: how much does Musk earn at Tesla in salary?
The answer is that it does not matter. Whatever it is, it is secondary to what his wealth appreciation is from the company. According to Bloombergs Billionaire's Index, Musk is now the 4th richest person in the world with a total of $105 billion.
Notice how his net worth went up by over $77 billion this year. Nowhere is there any mention of Musk's, or anyone else on the list, salary.
It is clear, people like this are not concerned with income. At this level, it is net worth that matters.
Naturally, they are operating in a much different realm than the rest of us. However, the lessons could be applicable to all of us. While we are concerned about paying our bills, true financial freedom comes from developing our net worth. That is what the richest people in the world focus upon.
I use a photo at the end of my posts that says "Vision 2025". This is a reminder, to me, to look at this as a long-term project. Hive is still rather young, along with all of blockchain, which means there is a long path forward.
It is over that time, that I will be looking for my own personal net worth to increase as tokens/coins I accumulated garner more activity and, hopefully, value.
Therefore, while income is vital for our survival, perhaps it is best to keep at least one eye on our net worth.
After all, it is what the wealthy do.
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