Trading time for money through salaries limits wealth creation because income and lifestyle expenses rise together, preventing savings and retirement; true financial freedom requires owning equity in a business, investing, or building a personal brand that generates passive income independent of time investment.
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Why Your Salary Keeps You Poor... đ§ đ¸AĂąadido:
That's kind of where my tweet storm starts, which is first of all, the first thing if you're going to make money is that you're not going to get rich renting out your time.
Even lawyers and doctors who are charging three, four, five hundred dollars an hour, they're not getting rich cuz their lifestyle is slowly ramping up along with their income, and they're not saving enough.
They They just don't have that ability to retire. Mhm. So, the first thing you have to do is you have to own a piece of a business. You need to have equity either as an owner, an investor, shareholder, or a brand that you're building that accrues to you to gain your financial freedom.
Yeah, and I was really fascinated by another thing that you were bringing up about working for yourself that you feel that in the future, whether it's 50 or 100 years from now, virtually everyone is going to be working for themselves.
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