Wealth is the amount of time, where you can do what you want.
Much money does not equal wealth
If you hate your job, earn a lot of money, reward yourself with big cars and a big house and spend as much as you earn - you are not wealthy. You are trapped in a situation you hate.
If you are a poor guy and really happy with the world as it is - you are wealthy.
Wealth is not about money. And you should be judge about whether you are healthy.
Of course money can be required to be wealthy - if you can not live a fullfilled life without it.
So what if you have a job, but plan to retire early from it? How does wealth work there?
If you spent as much as you earn, every month and you can not live without the money - you will not reach the goal. You will not be wealthy.
If you can change your spending habits and save 25% of your income, you generate 10 days of wealth per month.
If you can save 50% of your income, you generate 1 month of wealth per month.
If can life of 25% of your income - save 75% you generate 3 months of wealth - every month.
I think you get the basic, powerful idea. Maybe you do not have to work forever after all.
I hope you remember the introduction. You have to be content doing this. Otherwise this is all just a big pile of money.
But if you can pull this of it’s not unrealistic at all. This is all just simple math.
Even if you don’t believe me - I invite you to think about these ideas.
This blog is about how to life a great life with less money, how to save and invest money and how to retire early.