Wealth Isn’t About The Math
A wise man once said that being in debt isn’t about the math; meaning that everyone understands that paying huge interest and being burdened by large revolving debts doesn’t make sense. And if being in debt was only about the mathematical equation, then no one would ever be in debt.
The funny thing is being wealthy isn’t about the math, either. Mathematically, we all know it makes more sense to save money, invest, and build wealth. And if that was all there was to it then everyone would be wealthy.
What Is Wealth Creation About, Then?
If it’s not about the math, what is it about?
If being in debt is not about the math, then what is it about?
If being wealthy is not about the math, then what is it about?
The thing that both of these seemingly opposites have in common is one thing—mindset.
No matter how you got to where you are, not matter what you think consciously and subconsciously about money, debt, and wealth, it is your mindset, emotion, and psychology that got you there. Anyone can do the math to figure out how to logically be wealthy, or not be in debt. But not everyone can apply what they know to building wealth (or to breaking debt cycles). Most people cannot. That is why most people are not wealthy.
People who doubt the effect of mindset on wealth should try looking at it from the other side; for some reason it’s easier to see that being in debt doesn’t make sense, yet so many very intelligent people are. So it has to be about more than the math, right? There has to be a more human, emotional component to being in debt. Just as there has to be a more human, emotional component to being wealthy. If it were any other way, we would have far fewer debtors, and a world full of wealthy people!
Sean Rasmussen
Wealth Creation Blog
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Tags: Build Wealth, Building Wealth, debt, Invest, Mindset, Money, Wealth, Wealth Creation, Wealthy