It’s been a week since Thanksgiving and our fridge is still full of left over. Mrs. RB40 really went to town this year and cooked up a huge feast. Now, she’s gone on a business trip and it’s up to me to clean up the left over. RB40Jr and my mom eat so little that they barely make a dent when we sit down for a meal. Everything is tasty so it won’t a difficult task for me, but I’ll have to pay for it with more exercise down the road.
What does losing weight have to do with building wealth? Superficially, they seem very similar. They are both all about input and output. If you use up more calories than you eat, then you’ll lose weight. It’s the same with wealth. If you use more money than you make, then you’ll be caught in a debt spiral. On the other hand, if you save and invest consistently, then your wealth will increase over time. In theory, it’s simple math, but reality is more complicated than that.
Today, I’ll share some reasons why losing weight and building wealth are not that similar. Let me know what you think in the comment section.
Age and Time
For me, the first big difference between losing weight and building wealth is time. My observation is that it gets more difficult to lose weight as you get older. The reverse is true for wealth building.
It’s a fact of life. When you’re older, it’s harder to lose weight. Your metabolism slows down about 5% every decade after 40. You also lose muscle mass steadily if you don’t hit the weight room regularly. Maintaining the same diet as you get older means you’ll gain weight. We all need to eat better and exercise more, but