True Wealth vs Being Rich
Paving Our Way to Financial Freedom
I want to take a moment to talk about WEALTH!
You see, many times wealth is seen as having an OWNERSHIP over items — whether that be cash, jewelry, property, or other assets — rather than what it really represents.
Part of the reason many people associate wealth to ownership is because we frankly live in a consumer-driven economy where we are taught that MORE is better. In fact, thanks to the ease of online shopping, it is SO easy to get that boost of endorphins (happy hormones) as we hit the “BUY” button on our screens.
Here’s the thing…TRUE WEALTH encompasses so much more!
Yes, there is a huge difference between being RICH vs being WEALTHY.
Rich is a function of how much money you earn, while true wealth refers to having the freedom to do what you want with your time.
Anna Orenstein-Cardona
I know what you may be thinking….
“Anna, being rich offers us opportunities!”
Yes, my friends it does.
Rich is having a plentiful income and being able to afford things, but those opportunities are in the SHORT-TERM.
Keep in mind that a large income is NOT always what it seems.
I know of MANY people whose extravagant lifestyle or simply mismanagement of money has led them from being rich to being forced sellers of assets, in order to cover debt because they focused on the short-term rather than the long-term.
You don’t have to search very far to see public examples of this. Just look at some famous celebrities (Nicholas Cage, Kim Basinger), athletes (Floyd Mayweather, Mike Tyson), and even lottery winners.
In fact, did you know that according to the National Endowment for Financial Education, 70% of lottery winners end up going broke and a third go on to declare bankruptcy?
🤯 Yep, pretty insane!
I believe that a lot of this is because of the severe lack of Financial Literacy in the world (hence why I love empowering others with financial education).
However, I also think that we have to REFRAME our thinking from that of being RICH to a mindset of being WEALTHY.
For being wealthy provides us with the flexibility of having more of what WE want — freedom, family time, and possessions — for the future.
Being wealthy allows us to enjoy a rich life for the long-term!
How do we do this?
- SUPPORTING our Mindset with the thoughts & habits to succeed.
- Focusing on MAXIMIZING & DIVERSIFYING income streams.
- SMART money management strategies.
- Keeping a laser focus on GROWING assets.
- Using those assets to PRODUCE more wealth.
I’ll be honest, building SUSTAINABLE WEALTH takes dedication, patience, and focus, but it IS POSSIBLE fro every single one of us to achieve this!
I promise.
After all…
Whatever the mind of man can conceive and believe, it can achieve!
Napoleon Hill
Don’t forget that my friend!
➡️ If you need help in this process, remember that I offer 20min Free Discovery Calls that you can book HERE. Let’s discuss your situation and see how I can support you on your financial journey.
From my crown to your crown, I salute you!
XOXO,
Anna
Anna Orenstein-Cardona was born and raised in Puerto Rico. She grew up in a multicultural home, where although money was tight, love was plentiful. From a young age she was constantly coming up with inventive ways to raise and save money. Anna received her Bachelor of Science degree in Brain & Cognitive Sciences from the Massachusetts Institute of Technology (MIT), and for the past twenty-one years, she has worked on the trading floors of various large financial institutions, both on Wall Street and in the City of London. In 2020, she founded Wear Your Money Crown® to empower others on their journeys to Financial Freedom.
