Most people think that the amount of wealth is fixed. There is only so much to go around.
Here is the truth:
There is a fixed amount of money but not a fixed amount of Wealth.
- Wealth increases when the velocity of money changing hands increases.
- Wealth decreases when we horde money.
Wealth is only finite in a single moment but changes over time.
You can create Wealth by adding value that did not exist:
- Restore a broken old-timer car to its previous glory – it becomes more valuable.
- Create a product such as a piece of art or a course about something you are passionate about – a new valuable asset has been created.
- Provide a service – increase the quality of life for someone.
All these create Wealth where there was none before.
Every person has the capacity to add value and increase Wealth for themselves.