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RE: Relentless self improvement as a way to build natural wealth
If you earn $10,000 per year from a day job, you already have a net worth of $200k in time+knowhow alone. If you invested $200k in an ETF, you would earn that same $10k on average. That might be good news to someone not feeling too rich :-)
You didn't mention taxes.
No, but it wasn't my point. I elaborated a little more in response to @lexiconical below.
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Can you please shed some light on how any of this makes any sense?
I'm not sure if it does make any sense :-)
If you have $200k to invest, you can probably get some 5-7% profit annually. That is $10k minus taxes.
You also have some time and capabilities, which you can invest however you like. If they earn you $10k per year minus taxes (a day job), it could be calculated a worth simply by comparing it to a normal investment. Thus it could be thought to be worth $200k. If you earn $50k per year, you could think of your time + capabilities being worth a million USD.
I think this is a useful thought, because many people think they are starting from zero, not realizing that they have massive wealth in the form of an ability to create value. Also realizing that investing time should be done at least as carefully as investing money is very important. People wouldn't spend so much time consuming crap, but rather utilize it by interacting with smart people or learning something useful.
damn i am becomming fan of you ! you are right we all have massive wealth in the form of ability yet we still dont realize the power of this blessing wealth 😍😍