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Showing posts from December, 2013

How much would you be worth if you lost all your money?

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Some days it's hard to be optimistic about your financial future. There are daily warnings of a housing bubble, stock market bubble, currency devaluation, higher interest rates. The wealth that you have today could potentially be wiped out in an instant based on factors beyond your control, yet you cannot live each day as if the sky is going to fall tomorrow. "The real measure of a person's wealth is how much he would be worth if he lost all his money"  -- Bernard Meltzer That is why this quote is so relevant. Wealthy people are not worried if they lose all their money tomorrow because they know they can gain it back again. The important thing is your ability to create wealth, or put another way, your ability to add value to others.  No one can take that away from you. Being wealthy is a mindset, a discipline. I heard someone say that a wealthy person can lose one million dollars today and make it back the next year. However, give a poor person a million doll