Had a serious discussion with a close friend over money views. I told him what some of my money targets were, and he said some of the following to me, which I highlight below.
I responded with the following.
Told him I'm not going to discuss money topics with him anymore. We can hang out over other matters.
Anyone been through something similar and mind sharing their experience and outcome? Would be a good moral booster.
Clearly, I am not going to associate myself with negative-minded people on my wealth creation journey.
Regards
Daniel
- "$1M in net equity? That's nothing. What is the point? I would rather have US$1M in cash. That is a true sign of a High Net Worth Individual (HNWI). What you set for yourself is nothing great."
- "I don't think you have what it takes to be a wealthy person. Most wealth people need a high degree of nastiness and meanness to fight their way to the top of the food chain."
- "You got to be a high-income earner. Average income earners like us can only dream on."
- "You don't even have a job at the moment, how are you going to support your investments? Maybe it's better that you become a househusband like me and work on the side to supplement the family income."
- "Seriously, I don't want to see you fail and become a broken man when it's all over for you. If wealth creation was that easy, everyone would be doing it and I wouldn't need to play the lottory!"
I responded with the following.
- "My plans may not be great according to your standards, but how many can boast $1M in net worth in their life time while earning an average income?"
- "Wealthy people doesn't equal bad people. There are good wealthy folks around who don't show off."
- "I have seen average income earners amass a property portfolio that is nothing to laugh about. High-income does not equate to sizeable investments earning passive income."
- "I may be out of work at the moment, but I'm still looking for one. Having no job does not equate to the end of the world. Our finances are steady at current."
- "I would rather give my best shot and fail than to regret any inactions. You miss 100% of the shots that you don't take. Wealth creation is a gradual process, not a one-shot wonder."
Told him I'm not going to discuss money topics with him anymore. We can hang out over other matters.
Anyone been through something similar and mind sharing their experience and outcome? Would be a good moral booster.
Clearly, I am not going to associate myself with negative-minded people on my wealth creation journey.
Regards
Daniel