What I Will Talk About + Rich and Wealthy?

What Will I Talk About?

What am I going to talk about on an investing blog? Mainly just my two cents. I could talk about my opinion on the stock market, whether it is a bull or bear, I could mention what I think of stock picks, I could give simple financial advice that I find helpful and pass it on for free. I could mention some personal opinions on random stuff. I may post weekly, daily, probably not monthly because I want to create a following and be able to help financial desires and daily living standards, without making readers wait a month.

What does it mean to be self-sustained financially? Well, in my opinion, it means to be able to support yourself, on your own, without help and accrue enough capital to be well off and take care of yourself. It pesters me when I hear people say they do not care about money, I'm sure you don't. 

Now, we all know money cannot buy happiness, but it sure can help you live a better life. It is the sad truth, a piece of paper determines whether we live or not, better yet, a piece of paper determines how you live. That is how the world works. 

Difference Between Rich and Wealthy

Being rich is having every materialistic item in the world, from cars to technology to clothes and jewelry, and bloating about it on social media and spending money freely without worries. Honestly, it is the mindset of the person that differs the rich from the wealthy. Lets take this comparison for example, Justin Bieber, with a net worth of around 200 million USD. That is a lot, right? The Biebs may have a ton of money, but following him on social media and seeing what he does with it, you wonder when he will run out. The mindset of the rich is by far different. I am sure egos get in the way of things too, having to have the nicest car, best restaurants, slickest clothing. All I'm saying is the mindset is not frugal, like a wealthy person. "Big hat, no cattle" 

The person I am going to compare Bieber to is Warren Buffet, one of my personal favorite investors and one of the greatest investors in my opinion. The mindset of the wealthy is frugality, they don't throw hundred dollar bills at the local strip club, or throw bands out and expect a 30 year old semi-attracitve exotic dancer to dance. To be wealthy, I think it is more of a frugal mindset, a mindset that puts your money out there to make more money. By that I mean investing. In my few years of experience and talking to people, along with reading books, I feel as if the wealthy are more humble than you think. Warren Buffet is worth about 67.7 billion USD. That number is hard to come by, for the average joe. 

An example of what I feel like a wealthy person would do is pay off a mortgage before they buy a nice exotic car, or buy a boat. As for the rich, they might get a huge paycheck and blow it on both, then what do they do when they get unemployed? Bankruptcy is an embarrassing thing. Another example could be, when receiving a large paycheck, the wealthy may take most of it and invest it in equity, to make more money off their earned money. I'm not saying the rich wouldn't do that, but I don't hear about Biebers investment portfolio doing anything lately and having great returns. 


I apologize if there are typing errors or mistakes in the first blog. Hope you enjoyed the short read. These are opinions and unless stated facts, do not get too salty over what I think. My next post will be on some basic stock market tips/terminology, and a few stocks to do some research of your own on. I do not plan on telling anyone what to buy, just what I come across and see in my research. 

Chris Barto