I am interested in growing my Net Worth by a million dollars within the shortest time, through the application of intelligent and rational decisions based on research and opportunity.
This blog is intended to attract like-minded individuals who seek an alternative to reckless schemes, and stagnant approached. Remember, net worth is not only about income, it also includes:
- Debt management (reducing or eliminating the cost of debt)
- Discounted acquisition of appreciating assets (investing wisely in things that will grow in value)
- Deferred or delayed purchases of depreciating assets (holding off on things that decline in value)
- Sharing, renting, or re-using where possible
- Considering alternatives to modify personal tastes to live within your means.
So what am I looking for? As I hit the big 4-0 (not immediately, but I can smell the rain), I believe that I am at a point in life where I can offer wisdom and seek beneficial advice in equal amounts. I am open to everything and anything that - if faithfully applied - will build my Net Worth.
The biggest point is that there are no limits to building wealth. What doesn't come from an income or inheritance, needs to be obtained from other means including investments, entrepreneurship, partnerships, bartering, or any other legal and ethical means.
This is also a forum for personal investments, specifically your health and wellness. Thrift is more than a financial ethic, it is a lifestyle of prudence and intelligent choices. Thift could be opting for a salad instead of a steak, or switching to club soda after your third alcoholic beverage. Ultimately it is about taking a preventive course of action in all aspects of your life, to mitigate the risks before they become all-consuming problems.
If Thrifty actions lead to Wealthy outcomes, then by definition, the very act of Thrift is an line in the sand - casting the winds towards the changes from poverty to Wealth.
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