Income or net worth?

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How fast does your money burn away? 

We often speak about what our income is. When we hear someone talking about an astronomical high one we think they made it. They will live in a big house, have a huge savings account, a nice car and have a bright future ahead of themselves. But the question is do they?

They often have a nice car and an expensive house, which both are probably bought on installment. It will feel for them, and for everyone else, that they have figured everything out. We forget to look at how much of their income is being used every month and whether or not they have any savings at all. With a high income and an equally high saving they have actually found a way to secure their future. If only their income is high this means that they have a really high burden on their shoulders and the stress is often higher than others.

When your self-worth goes up, your net worth goes up with it. – Mark Victor Hansen

Despite what you think about your income and money it isn’t the only think that matters. If you continue to improve yourself and feel that you are doing great the money will follow. At the same time when you have a high self-worth you don’t have to splurge all-over the board to know that you are doing well. You wont have to buy an expensive car, go on expensive vacations and put snaps of it on the internet. You will only spend on those things that are really worth it to you, which in turn will let your bank account increase for the things that are really important. For example the relationship with your family going on a family vacation where they want to go, looking after their mental and physical health.

After your net worth has increased you will also be less bound to your current job and the stresses of every day. This will improve your mental strength and thinking capacity which will also improve your worth for your boss. Before you know you have entered a spiral of constant improvement both in yourself and in your life. Don’t stress the little things of how much your income is at the moment, the daily stresses and what car you are driving or how expensive your house or clothing looks. The less you stress about it, the more financial room you will create and the more financial security and freedom you will build up.