How to Make Wealth

A WEALTHY WORLD -- What is wealth? What creates value? What is priceless? Are we living in a time of scarcity or abundance? Are we building careers, lives, legacies that generate wealth for ourselves and others?In the capitalistic system we all occupy and navigate on-the-daily we are presented with a pretty narrow definition of 'wealth'. This defin... See more

Measuring wealth from zero is a different way to think about it than normal. What makes you wealthy, in the way the word is typically used, isn’t what you have, but what you have compared to the people near you in time, space, and culture.

Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy. 

The only sure way to make money is to have money, but no personal finance expert wants to admit their wealth is built on anything other than a solid foundation of hard work and self-control — not their degrees in finance, Ivy League educations, middle class upbringings… or their ability to sell you a fantasy.

“People are good at learning by imitation,” Housel notes. “But the hidden nature of wealth makes it hard to imitate others and learn from their ways.” We can’t imitate many of the actions that lead to wealth because the most important action that leads to wealth—not spending every dollar we make—is an anti-action. Wealth comes, in part, from the th... See more