It’s kind of interesting with all the doom and gloom news recently of financial hardships of people who invested a lot in say bitcoin with the drops. This resulted in many having to sell their luxury belongings such as planes and boats. Even people owning a lot of say gold and silver were in hard times as many simply can’t sell them at a good rate. This brought up the topic on how you can have a huge net worth in life but that doesn’t necessarily mean you are going to be taken care of financially.
It’s almost like how some companies can be valued at billions of dollars due to their properties and earning potentials. But that same company could be in chaos financially as they struggle day to day like most to earn enough money to keep growing. That’s why it’s always interesting when you hear people say a particular billionaire is so rich they can just buy say a whole country. Having billions in net worth doesn’t mean you have the money in hand.
It shows the importance of having to build an actually steady income source. Investments are definitely great to work smarter. But you still shouldn’t lose sight that you need to focus just as hard in making sure you have a reliable source of income that literally provides you money to live your day-to-day life.