Welcome to the fourth chapter in the Supermorning series! Over the next month, we’ll be taking a somewhat unorthodox look at wealth.

This week will start us off fairly conventionally with investments in tangible assets. Next week will get a little more interesting, focusing on intangible asset investments. 

The final two weeks are reserved for the most interesting topics: how wealth influences personal liberty and how to invest in your own freedom and purpose. 

So, let’s get the ball rolling with some classic wealth advice: 

Start thy purse to fattening

This is the first cure for a lean purse from “The Richest Man in Babylon” – a wealth classic that everyone should read.  

The advice is ridiculously simple: everyone should divert a fraction of their income towards saving and investment.

Without this simple step any following wealth advice is useless. 

Luckily, modern banking makes it very easy to start thy purse to fattening 🙂

Make it automatic

Thanks to the hedonic treadmill, people will always be driven to spend as much as they can in the pointless pursuit of happiness through consumption.  

Luckily, you can trick your mind to get off this consumerist hamster wheel by artificially lowering your disposable income via automated investments. 

Setting this up in any modern banking system is very simple. Choosing the right assets to invest in is less simple though. This will be our focus for the rest of the week. 

Adjust as you go

This automatic investment regime should be tuned so that you can live comfortably with the remainder every month. It will take a little bit of trial and error to get this right, but making the adjustments via online banking is very simple. 

Then, as your income gradually rises, please make sure you stay off the hedonic treadmill! 

Gradually increasing your automatic savings rate so that your disposable income stays constant is the best and simplest way of doing this. 

Having wealth is fun!

Initially, limiting your disposable income may feel like self deprivation. But, as your investment portfolio steadily grows, you’ll find plenty of satisfaction just from being in control of these assets. 

Having wealth with which to buy genuine creative freedom for yourself and your loved-ones is even more fun. 

Of course, this fun can be cut short quite abruptly if you take too much risk and lose a lot of money.

Tomorrow, we’ll talk about ensuring that this does not happen to you.