Financial wealth is what you saved.
It’s never about what you spent.
It’s about the value of your cash in bank, investments and properties.
It’s never measured by what you squandered by partying and lavish spending.
Rich people maintain their statuses by spending far lesser than what they earn.
As a result, their savings multiply and they get richer and richer.
The value that they grow therefore becomes their increasing net worth.
I'd like to elaborate on this a bit more in the next posts for it will become my guide. I often fall for the trap of spending and after some thinking, I get to realize that I would have been much better if I planned my expenditures well.
RELATED ARTICLE: Ways of the Super rich