To live in
To make money
To create wealth
To Create Wealth:
Create = “Bring Something into Existence” (Oxford Dictionary)
Wealth = There are various definitions that all talk about abundance of money, but I like this one… An individual, community, region or country that possesses an abundance of such possessions or resources to the benefit of the common good is known as wealthy. (Wikipedia)
Why would we want or need to create wealth?
Ok, how about so that we can enjoy a lifestyle that we have either learned to love during our working lives or that we have dreamed, desired or hoped for… Yes, that will do.
More so, it’s to enjoy the benefits of what financial freedom brings to our lives. What does that mean? Well for each of us it is very different based on our family or origin, experiences in life and our view of the universe and our place in it.
For some of us it may be enough money and income to enable us to:
2. Enjoying 24/7 life on The World.
(MS The World is the largest private cruise ship on the planet! The World serves as a residential community and is owned by its residents. The relatively small group of very special passengers are from about forty countries and live on the ship.)
3. Retire to our seaside shack where we can fish, play golf, bingo two nights per week and eat good food.3. Retire to our seaside shack where we can fish, play golf, bingo two nights per week and eat good food.
Once we have ‘Enough’ (which again is different for each of us), we are free and open to think about how we want to affect others around us.
2. Dig wells in Africa.
3. Build houses and facilities in Third World countries.
4. Set up shelters, food and education for the homeless in our own country.
5. Foster orphans.
6. Cure cancer.
7. Solve global warming issues.
Let’s start with the most common and simple idea of being in a position to retire on the same income we enjoyed during our working life.
The stats are changing all the time but currently in Australia, the average superannuation balance at retirement is around $200,000 for men and $100,000 for women.