Wealth is a Lifestyle

Building and accumulating wealth is a lifestyle, just like being a Vegan or someone who eats healthy all the time. If someone wants to lose weight and they try the newest fad diet, they might get some results. Once they stop the diet and go back to the way they were living, they will gain the weight back. It's a lifestyle change that they need, not a diet. Wealth is the same thing, only a different formula.

Wealth is built over time and there are no shortcuts. Most people like to spend money on things of low value. People have a big issue with their perceived image that others see. Most people will spend more money on things unconsciously because they think it will give them status. This is a dangerous mistake. The lifestyle you are after is for yourself and your family. It has nothing to do with other people in any way. Please don't get this confused.

The lifestyle that you need to adopt is a mindset of building over time. This will take years to accomplish and that needs to be understood. If you want to be a healthy eater, then everyday you have to choose not to go to McDonalds. If you want to build wealth, then you have to choose everyday not to spend money on things you don't need. It's a very simple formula, but only few can actually follow it.

If you come into more money in your job or inherit some money, this is the best time to test yourself to see who you really are. Are you someone who wants to build wealth and have that lifestyle? If you are, then you will not change your living standards just because you came into more money. Building wealth is about having what you need and investing the rest. Enjoy your money, but don't be silly with it.

Warren Buffet is one of the richest men in America. He still lives in the same house that he bought some 40 years ago. He hasn't moved. He doesn't need to. He is a very simple person with a lot of wealth. He started at a young age and now he has more money than he could ever spend. He still doesn't spend it though, he chooses to live comfortably and invest the rest. You have to do the same.

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