Collaborate Fund: Wealth vs. Getting Wealthier
Human beings can try to be logical… but it’s all to easy to get caught up in emotions. That’s true from the greed of a bull market to the current pain and even fear of a bear market.
Looking at it more objectively, it also means that people tend to enjoy the process of becoming wealthier. The total wealth they have may not be relevant.
That’s true when looking at the relative wealth of a middle-class American today compared to one a generation or two back. It’s clear on the long term that society is on an upward path.
While the past 7 months have seen massive market losses, perspective points out why this doesn’t matter. US households are still about $80 trillion higher over the past decade. And we have better technologies to make our lives easier.
Recognizing that wealth creation is a process and a journey with setbacks along the way makes it easier to bear. And more rewarding when it pays off. But it will be a constant journey with no end in one’s lifetime.
Those who enjoy the process, of seeing money come in, may end up never being satisfied. Money can buy short-term happiness. But learning a process for creating money and wealth over a lifetime will be far more rewarding.