Post
Topic
Board Economics
Re: Must all sources of income be steady enough for one to be classified rich?
by
Truthlovecoins
on 21/02/2025, 22:57:30 UTC
You're hitting on one of the biggest illusions in finance: the idea that stability = wealth. It's about having control over several flexible revenue sources, not about depending just on one. Real estate is not constant; the stock market is not constant; and  businesses? Hell, 90% of startups fail. But the people who play it right (who understand risk, cash flow, and leverage) don’t rely on stability. Their control over volatility is remarkable

Amazon wasn’t “stable” when Jeff Bezos started. It lost money year after year. Still, the vision might be scaled. Contrast that with someone earning a six-figure salary who feels secure but falls apart when the business downsizes. Stability is a false god in finance. Learning to surf the waves is more vital than finding a rock to stand on; invest properly, diversify sensibly, and most importantly, keep liquid and flexible

Thus, no, a source of income does not have to be "steady". It only has to be strategically explosive. The real flex isn’t stability. It’s being unshakable in chaos
This is a very powerful input I must say and I see things clearer and understand better that true wealth is having and being ultimately in control of ones cash flow, so that when difficult situations arise, they don't make such a one broke with ease and miserable.

True wealth also, isn't just about standing firmly or being dedicated to only one source of income, it is about mastering control over not just only one source of income but adding other responsibilities while delegating effectively and  finding  the balance in both work life, family and other love life relationships.