Wealth should be defined as having passive income that exceeds one's living expenses.

“Wealth is having passive income that's greater than your burn.”

True wealth is built by consistently investing a portion of one's income into assets rather than spending it on lifestyle signifiers.

“These investments, like I've been hinting at is what makes wealthy people wealthy, and it's what keep wealthy people wealthy.”

Individuals can achieve wealth by negotiating equity stakes in businesses where their skills help increase revenue or reduce costs.

“If she can help a business grow its revenue, make more money, if she can help a business cut its costs, or if she can help decrease the pain of a business owner, you can negotiate your way into a business and have equity in it and upside.”