wealthymatters.com“Wealth is having all that you want and need.

There are two ways to achieve this:

1) Work to aquire all that you want and need.

2) Reduce your wants and needs to less than what you have.

Both methods are difficult.

In practice, a mixture of both will be employed to gain wealth but option 2 will always be available where option 1 may not always be.”

This is something I came across while surfing the net yesterday.The original is here. http://sleepythinking.wordpress.com/2009/10/02/wealth/

I think it’s a nice and clear way of putting things.Wants are infinite.Our definition of needs are often extended to include everything we can have.Living below our current means is a sure shot way of accumulating a corpus.The corpus , in time , could be put to work to increase our means and so reduce you direct labour to have the things we want and need.In the mean time , work , both hard and smart , is a given.

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