'Balance sheet or Income Statement?'
A common statement we in the Financial Planning game hear is “I am worth XXXX, so I am wealthy”.
Firstly, wealthy is a relative term and can mean different things to different people. I like to think a person is wealthy when they have achieved true financial peace of mind and are in a position where their passive income stream enables them to do whatever it is they wish to do with their time. The key part there is whatever they wish to do with their time, not what anybody else is doing.
Join Danny Archer (Financial Planner) and Gavin Nash (Host) in this episode available on our website, Spotify & Apple Podcasts.
