Learn why being wealthy is a choice. Recently I saw a tweet. Here’s what it said: “You spend $20 a day eating out. That’s $600 a month. Add drinks it’s $800 a month. In 3 months you can buy a ticket anywhere in the world. You can travel, you’re just too lazy to cook.” There certainly is truth in it for travel, but also for wealth building. $800 a month is $9600 per year. At 10%, in 10 years that is $193,199. In 20 years it is $669,407. In 30 years it’s $1,904,571. Thirty years! Is it all about retirement? No! There’s a balance to living today vs. putting aside money for tomorrow. Going back to our original example, what if half was for travel and half for investing? In 10 years, $4800 invested at 10% is $96,599. In 20 years, $334,704. In 30 years, $952,285. What your priorities are is up to you. Which brings me back to my original statement. Wealth is a choice, or rather a series of choices that you make. What are you choosing to spend your money on? Are you being mindful with your spending? Are you investing anything for the future? These are questions I’ve already answered on previous podcasts like the 5 spending priorities, how to begin investing, how much to invest, etc. I’m asking you because most people are not mindful with what they spend money on. You can be wealthy. You can be frivolous. But you can’t be both because wealth takes deliberate action. Which are you choosing?