My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Back to Quotes
“billionaire is a state of mind”
wealthnet_worthpsychology
What It Means
The label 'billionaire' is more about perception and lifestyle than actual liquid wealth
Why It Matters
Challenges common assumptions about wealth and success metrics
When It's True
When most wealth is illiquid and valuations are subjective
When It's Risky
When dealing with publicly traded assets or cash-heavy individuals
How to Apply
1
Focus on cash flow over net worth
2
Be skeptical of paper valuations
3
Prioritize liquidity in investments
Example Scenario
“Many 'billionaires' cannot actually wire $100K tomorrow due to illiquidity”