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  • Writer's pictureRachel Krider

Beyond Income: The True Measure of Wealth


Beyond Income: The True Measure of Wealth
Shane Krider talking about wealth on the Born to Prosper Podcast

Let's say you're earning a substantial income, enjoying a comfortable lifestyle, and ticking off your financial goals. It might seem like you've hit the jackpot, but are you truly rich? Shane Krider's insight goes beyond the surface, inviting us to rethink the conventional notion of wealth. It's not just about the numbers in your bank account; it's about what those numbers are doing for you.


We study his quote today, "If you make a lot of money, it's just in income. You're not rich until that money is working for you. If your money is making more money for you than you can spend or choose to spend and if you're living your ultimate lifestyle (and your investments are paying for that), and you're getting richer every single year, that's rich. That's wealthy."



Income vs. Wealth

Shane Krider's perspective challenges the common misconception that income equals wealth. Yes, a high income can provide a luxurious life, but true wealth goes beyond the monthly paycheck. Wealth is about creating a sustainable, self-perpetuating system where your money works tirelessly to multiply itself.


Money That Works

Imagine having money that labors for you, day and night, generating more wealth than you can spend. This is the heart of Shane's message.


Wealth isn't just about having a hefty salary; it's about having investments and assets that continuously contribute to your financial growth. Your money should be an army of workers, not just a temporary visitor in your bank account.


Ultimate Lifestyle

Wealth isn't only about accumulating assets; it's also about crafting your dream lifestyle. Shane envisions true richness as living the life you desire, without constantly worrying about the financial aspect. Your investments should not only cover your lifestyle expenses but also leave room for expansion, adventure, and the pursuit of your passions.


The Upward Spiral

The essence of wealth is progression. Shane emphasizes that true richness means getting richer with time. It's not a stagnant state; it's an ever-evolving journey. When your investments consistently outpace your expenses, you're on an upward spiral of accumulating wealth. It's a continuous cycle of financial growth, personal development, and the realization of your aspirations.


The Path to True Wealth

Shane Krider's insight urges us to shift our focus from immediate income to long-term financial prosperity. How do you achieve this? By strategically investing in income-generating assets, nurturing a growth-oriented mindset, and making choices that align with your ultimate lifestyle goals. It's about building a solid foundation that can support your dreams for years to come.


Takeaway

In a world that often equates wealth with a hefty paycheck, Shane Krider invites us to think deeper. True richness isn't about income alone; it's about having money that works diligently for you, affording you the lifestyle you desire, and continually increasing your wealth. Are you really rich? The answer lies not in your paycheck, but in your ability to create a future where your investments work harder than you do.

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4 Comments


Lisa Hills
Lisa Hills
Aug 14, 2023

Great article! Wealth is not just about what you have, but what you can do with it to shape a life of purpose and abundance. Thoroughly enjoy all of the the insights on this topic and over the last few years I have learned so much from Shane and Prosperity Of Life. Much gratitude and appreciation!

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Lee Anne Haggard
Lee Anne Haggard
Aug 14, 2023

Love this so much! I have learnt so much about investing and wealth since following you Shane and love what we have been able to create. Thank you

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Tina Votava
Tina Votava
Aug 14, 2023

Thank you Shane! Love your take on income vs wealth!!💕

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Peggy Crane
Peggy Crane
Aug 14, 2023

Rach, Thank you for this insightful read. My mum has instilled this in me since I was little. "Make sure your money is always working for you in the background - day in day out!" I now have many investments spread out in property, crypto, property development, business and of course my own income through online business. Its a great feeling knowing its always there, Its not being spent, and its always growing. What I earn in my online business is what I use for "living" and my other income and investments is for wealth creation, buying property, investing in property development etc. I am grateful for having had this knowledge early on to create that "next" level of wealth…

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