The content highlights the stark contrast between the savings habits of the middle class and the investment mindsets of the wealthy.
The middle class is described as saving money for decades, only to spend it all on major life events like marriage, a car, or a house. This cycle of saving and then depleting their savings is seen as a necessity for the middle class, who cannot live without this "oxygen" of savings.
In contrast, the wealthy are portrayed as having a fundamentally different approach. They focus on making money from their money by investing it in assets that generate more wealth. The wealthy are said to be strategic and less foolish, liquidating their assets to fulfill their desires rather than relying solely on savings.
The author argues that the key to achieving wealth is to adopt the mindset of the wealthy, rather than relying on "hacks" or "tips." The core message is that one's habits define their reality, and the middle class falls into that category because their habits, such as not respecting money, not learning from the wealthy, and not thinking long-term, are ultimately detrimental to their financial well-being.
The author concludes by emphasizing the importance of "intense execution" and adopting the "smart work" and strategic thinking of the wealthy in order to improve one's financial situation.
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by Anjishnu Ray at medium.com 04-07-2024
https://medium.com/@anjishnuray/if-savings-made-people-rich-there-wouldnt-be-any-middle-class-left-in-the-whole-world-a68d54ffd93fDeeper Inquiries