The six steps to financial freedom: 10k, 100k, 300k, these are three small hurdles. 1M, 3M, 30M, these are three big hurdles.
If someone can do it, not changing phones at 10k, not buying a car at 100k, not making reckless investments at 300k, not lending money at 1M, not messing around with women at 3M, and not showing off wealth above 30M.
Then this person is in control of money, rather than money controlling this person.
When savings reach 300k, the lowest IQ, most prone to impulsive spending and investing: this is called the 300k 'foolishness law' in economics, buying houses, cars, starting businesses, not listening to advice.
Where are you on the ladder?
If someone can do it, not changing phones at 10k, not buying a car at 100k, not making reckless investments at 300k, not lending money at 1M, not messing around with women at 3M, and not showing off wealth above 30M.
Then this person is in control of money, rather than money controlling this person.
When savings reach 300k, the lowest IQ, most prone to impulsive spending and investing: this is called the 300k 'foolishness law' in economics, buying houses, cars, starting businesses, not listening to advice.
Where are you on the ladder?