"I make myself rich by making my wants few." Henry David Thoreau #quote #### I am neither avaricious nor insatiable. 1. I know what I want. 2. I can stop when I have attained it. [[202006081156 Neither avaricious nor insatiable]] [[202104211513 The hardest financial skill is to stop moving the goalpost.]] #### Notes [[202007201546 Being liquid is the best advantage.]] [[202006022257 Use good times to prepare for hard times.]] [[202007101438 Making money doesn't have to require hard work.]] Ed Latimore says, or quoted someone as saying, "If you can turn $1 into $1.25 and then only spend $0.75, you'll make it." Poor people: work --> save --> consume (buy a Rolex) Rich people: work --> buy assets --> assets make money --> consume (buy a Rolex) The extra step in between is what allows for amplifying and leveraging, and what makes wealth accumulation sustainable (i.e., it is not a one-off). ### Related [[wealth]] [[money]] ### Books [[The Psychology of Money]] [[The Richest Man in Babylon]]