Smash Notes
What Is the Difference Between Wealth and Money
at 0:57
Answer
Wealth is the thing you should really want to acquire. Wealth is a set of assets that earn while you sleep, such as businesses, products, media, robots and computer applications, investments, and land. Wealth does not need you to create more money. Wealth buys you freedom to do what you desire.
Money is how we transfer wealth; it’s the social credits systems which enables you to buy other people's time, and which rewards you, at least in theory, for your effort doing something that our society needs to be done. Money isn’t going to solve all problems, but it’s going to solve the problems which can be solved with money.
Where this answer comes from
- Show
- Naval
- Episode
- Seek Wealth, Not Money or Status
- Date
More notes from this episode
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