THE DEFINITION OF WEALTH IS WRONG - HERE'S WHY.

THE DEFINITION OF WEALTH IS WRONG - HERE’S WHY
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Let’s start this week’s Wealth Wednesdays by asking one simple question:
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WHAT IS WEALTH?
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The dictionary definition includes “material possessions” in the word wealth.
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To be FRANK... 😉 I think the definition of wealth is WRONG. Here’s why.
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You could buy plenty of luxurious material items and still be BROKE.
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Sure, they may be worth a lot of money when you buy them, but what are they worth after the fact? Do they appreciate in value? Do they pay you?
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Probably not.
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None of these things will pay you.
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I repeat. NONE OF THESE THINGS WILL PAY YOU.
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Your task is to become wealthy. You don’t set out to become wealthy by possessing things that may be worth a lot of money when you purchase them. You set out to become wealthy by purchasing true ASSETS which will appreciate in value and pay you real money.
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The best vehicle (or method) for creating wealth is real estate. If you haven’t heard, nearly 90% of millionaires have become millionaires through investing in real estate.
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Here’s why.
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Real estate is tangible.
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Real estate has true value.
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Real estate appreciates (if you buy at the right price).
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Real estate pays you.
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Real estate is, for the most part, a necessity of life.
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It’s that simple.
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Do clothes pay you? Do cars pay you? Do vacations pay you?
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Absolutely not.
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There’s nothing wrong with having these luxuries, but if you’re continuously spending money on these things with little money left over, you will NOT build wealth. Your goal is to get to the point where you could spend money on these things and you will not be hurt in the slightest by their price tags.
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Refocus your definition of wealth to this one: Wealth is a state of being where one lives in abundance of riches, beauty, health, and freedom.
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Remember this on your journey to building wealth. This will make all the difference.
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🔥👂 How do YOU define “wealth?” Let me know in the comments! 

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