The Six Stage Investment Lab

I have seen many people dedicated to financial management with a common goal: "To achieve economic freedom." Economic freedom is indeed necessary to some extent. However, pursuing it is often a "having-oriented" mindset. Those consumed by this mindset tend to envy the wealthy and make mimicking them their ultimate goal. They find joy only when their assets grow and accumulate. Many cannot stop even after acquiring enough wealth to enjoy economic freedom. We often see those who are already wealthy striving to roll their capital over and over to become even richer. This stems from a human instinct to find joy in "growth" rather than the possession itself. When assets stagnate, they feel anxious and bored. Thus, they continue to labor for the growth of wealth they may never even spend. Eventually, if a business fails or an investment goes south, they fall into the despair and frustration of "negative growth." Some even lose everything and return t...