Most business owners think,
Wealth = Money accumulated
Other business owners have a different psychology on wealth. For them,
Wealth = Days of Survival
They don't measure wealth in terms of money. They measure it in the number of days they can survive if they stop working today.
Formula:
Wealth = (Money in the bank) ÷ (Daily Expenses )
Wealth psychology
If your bank balance is ₹4,50,000
And your daily expenses are ₹1,500
Group-A Owner Psychology:
My wealth = Rs. 4,50,000. Period!
Group-B Owner Psychology:
My wealth = Rs. 4,50,000 ÷ 1,500 = 300 days
I can survive for 300 days without working.
These two different psychologies affect each other's daily routine differently.
Let's break down both the psychologies.
Group-A Owner Psychology:
- Measures wealth in terms of money.
- Most active work is spent on earning money.
- Primary Focus: "More Money"
Group-B Owner Psychology
- Measures wealth in terms of days of survival.
- Most active work is spent on building financial systems that can generate passive income. (Business Automation, Real Estate, Digital Products, etc.)
- Primary Focus: Grow Passive Income > Daily Expenses
The RESULT
If both of them stopped working today,
Group-A Owner will go broke in 300 days.
Group-B Owner having passive income greater than daily expenses will,
a) Always have Rs. 4,50,000 in the bank.
b) The survival countdown will only start if passive income falls below daily expenses.
This is how different wealth psychology leads to different routines and different routines lead to different RESULTS.
To achieve this passive income result, one needs to master the skill of reducing one's dependency on the income stream.
So, what's your wealth game gonna be from now on?
Money in the bank or Days of freedom?
That's all for this week.
See you next Saturday.
If this resonates with you, reply with your answer.
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