The 2 Biggest Assets Investors Have But Often Ignore
Investors go crazy about their stocks and investments. They read balance sheets, annual reports and check their portfolios every hour. Fair enough. It is reasonable that there is a lot …
Wealth formula
Here you will learn how to become rich and wealthy as quickly as possible and all the secrets about the wealth formula! I promise! Promise? No, of course not… If you want to know how you can make a lot of money in a short time, then click on the cross in your browser. I can’t tell you this secret. I’m one of those losers who didn’t make it. But look around the internet, there are enough crusaders who have tried their luck with all kinds of methods. Maybe there’s something there for you. Good luck on this path, may it bring you all the wealth in the world. If you are successful, be sure to come back and share your knowledge with us…
What these articles are really all about
That said, with the “The Wealth Formula” article series, I mean something different than the way to fast money. It is about general considerations and thoughts. Furthermore, it’s about reflection on life and goals. To put it short: It is about the reasons why I launched the TEV blog.
Of course, there are many causalities and overlaps with money, but – and this is the crucial point – first and foremost, it’s not primarily about money here at “The Essential”. Even when it comes to concepts like wealth, I can’t tell you how much money you’ll make. Likewise, I cannot tell you when you will make your first $1 million or when you will get $10 million or $100 million.
I just want to share my thoughts and argue and discuss them with my readers. So it is not about a specific investment style. Therefore, I do not want to give any concrete investment recommendations or similar at this point. Instead, you can visit all the platforms on which I regularly publish articles.
The purpose of this article series
It is absurd: Almost all people want to reach the goal of “wealth” and want to know the “path” to it. And yet very few of them manage to say that they have gone this “path” to the end and reached their goal.
I believe that many people here pursue the wrong goals as well as unrealistic ideas and thus miss the opportunity to live a happy and untroubled life. Well, and we all only live once, so it is a pity if we are unnecessarily unhappy.
The chest of wealth
The problem is: The concept of wealth is, first of all, just a shell without content. Imagine a magic chest. On this chest, there is a sign with the word “wealth” on it. Any human being could now reach in and take his or her piece of “wealth”. Everybody can take as much as they want until they think they have are wealthy now. What will happen? Will everyone take out the same amount? I do not think so.
Everyone already defines the word “wealth” differently. So people could all reach into the same chest, and each person would take out something different. Nevertheless, the sign on the chest would be correct in all cases. Crazy, right? But in the end, it is all a logical combination of only three parameters, which are relatively easy to understand. However, I don’t want to spoil it here. You should get a feeling for what the articles and our little trip will be about. So, let’s get straight to the…
… Content
The content of the series consists of several articles that I will publish here on the TEV blog in “The Essential” bit by bit. So far, I have posted the following pieces under this topic.
Part 1: What Wealth Is – Know Your Destination
Part 2: How Long Does It Take To Get Rich And Wealthy – About Time And Persistence
Part 3: How To Manage Wealth And Seven Steps To Start Today
Part 4: The 2 most important reasons why people do not succeed in becoming wealthy
Below you will find a more detailed overview of the articles that have been published here so far and a short preview of the content.
Serendipity – Powerful Phenomenon That Teaches Humility
There are some phenomena or concepts that can change thinking forever. The concept of antifragility is one such example. The critical rationalism of Karl Popper is another model of thinking …
Backtesting – A Useful Tool When Handled Properly
Everyone has experienced something similar. We are particularly convinced by an idea or an argument. Suddenly everything makes sense and we are full of adrenaline and want to act immediately. …
There Are No Shortcuts, Only Levers – 10 Tips On How To Get A Grip On It All
Life is full of promises, and everywhere the supposedly low-hanging fruit lures greedy people out of their caves. And so, many people fall prey to the longing for shortcuts in …
Investing Is Easy – And Yet I Spend Too Much Time On It
Investing is easy. You deploy your capital with a purpose. But already from here on, things get more complex. What is my goal, and how much time do I want …
“Thoughts By The Sea” – A Vacation Diary About … Antifragility
My wife and I had an excellent vacation in a small but luxurious hotel right on the sea. I used the long walks along the coast or the time at …
“Thoughts By The Sea” – A Vacation Diary About … Frugalism
My wife and I had an excellent vacation in a small but luxurious hotel right on the sea. I used the long walks along the coast or the time at …
There Is No Insurance For The Average Investor | By Guest Author “The Asian View”
In the event of an accident, insurances often cover the damage of the driver and the passenger. In addition, many countries have high safety standards for cars. These mechanisms are …
Self-Overestimation: Path To Abyss & Hospital | By Guest Author “The Asian View”
Those who constantly overestimate their cooking skills are more likely to be invited than to have guests themselves. Fair enough. But misjudging one’s abilities in other areas of life might …
Fighting The “Corporate World Is Bad” Narrative – Is It Worth Escaping?
The “corporate world is bad” narrative is popular in my finance bubble. There, I keep coming across colleagues who are working on escaping this world and what they call hamster …
How Investors Ignore Their Fraud Susceptibility | By Guest Author “The Asian View”
Men tend to overestimate their skills and consider themselves less vulnerable and susceptible to fraud. Women are rather risk-averse. Likewise, those who have the least seem to be the most …
The ABC Of Fraud – How Culprits Scam Victims | By Guest Author “The Asian View”
I am very pleased to publish a guest article by a fraud and scam analyst/fighter on the TEV Blog. The author lives in Eastern Asia (we studied in the same …
The Big Mistakes With Multiple Passive Income Streams
Generating multiple passive income streams sounds like the best and most secure way to reach financial independence. I have thought about the subject for quite a while now and also …
How To Manage Wealth And Seven Steps To Start Today
If you have asked yourself whether and how you should manage your wealth or have it managed, you have come to the right place. In this post, we will discuss …
How Long Does It Take To Get Rich And Wealthy – About Time And Persistence
In this article, we will discover the missing parameters for the wealth formula.