Quiet Wealth Is True Wealth. Loud Money Is Dumb Money.

Here’s how to achieve wealth in stunning silence.

Hollywood boulevard is full of dumb money.

I drove down there when I took a holiday to LA. Loud people on the sidewalk. Even louder car exhausts compensate for below-the-belt inadequacies. In the Hollywood hills up above, even more massive displays of ego.

The residents may as well park chariots out the front of their homes. That’s how loud the flashing of money is when you visit for a sneak peek.

It costs a lot of money to be loud, financially.

You’ve gotta buy a lot chunks of metal on four wheels to look cool, and stay in the dumb money game. It wastes a lot of your free time to chase holy grails from one side of tinsel town to the other.

The real power is when you can avoid the poverty trap of luxury.

Here’s how to achieve wealth in silence and upgrade to freedom sooner.

In Australia we have a financial god. His name is the Barefoot Investor. The global housing bubble has pissed Barefoot off, where homes have become a financial asset that’s wildly speculated on.

In this new era, those who seek status have to go into loads of debt to get a home in a nice postcode to show off. They look rich but they’re actually povvos (poor).

Your shelter is your greatest expense. The road to quiet wealth is to live below your means. Choose shelter that has less rooms you’ll probably never use, or that’s further from the suburbs where the wannabe rich live.

True wealth is time, not a truckload of debt.

Einstein said the power of compounding — that comes from earning interest on an investment — is the 8th wonder of the world. Young Einstein forgot to mention the 9th wonder of the world. Let me fill you in: passive income.

Passive income is wifi money you earn while you sleep.

You plug in your laptop into the big, scary internet and find a way to earn money.

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