ilmscore | Prediction Details
"freedom comes with wealth freedom is not in riches the best definition that I have of this is that riches are measured in what you can buy and wealth is measured in time if you have a million dollars then you're rich you can go out and buy yourself a fancy car you can buy a nice home you can go on some fancy applications but eventually you're going to run out of this million dollars and you're no longer going to be rich you're going to have a whole bunch of nice things but you have no money left and now you're no longer Rich wealth is different wealth is measured in time and wealth is when your assets are greater than your liabilities and what this means now is let's assume that your expenses every single month your liabilities are three thousand dollars a month but every single month you get a check in the mail from your assets you get a check from your Investments and you check every single month is thirty five hundred dollars now you are free now you are wealthy because every single month your assets are paying for your liabilities and you have time to do whatever it is that you want you're not going to be tied down to a job that you hate you're not going to be forced to do things that you don't want to do because you're already wealthy you got your time now you can use your money however you want"
By Minority Mindset | October 1, 2023 | Pending
From video
The Secret To Actually Earning Passive Income | Jaspreet Singh 01:22:00 - 01:23:13
Interpreted Prediction
Riches are defined by possessions and are finite, while wealth is defined by time and the ability of one's assets to cover liabilities. True wealth grants financial freedom and the ability to choose how to spend one's time.

Prediction Details

Topic
Wealth vs. Riches

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