Mel Abraham argues bonds are essential for lasting wealth, not just being rich. He distinguishes between a lifestyle (rich) and a bank account figure (wealthy), noting eight-figure portfolios don't guarantee happiness. True wealth means building a system that generates reliable cash flow.
If you don't own bonds, you'll never be wealthy. I'm going to stand behind that claim. Rich is how you experience life. Wealthy, that's just a statistic in a bank account. I've sat across people that have 8-figure bank accounts, portfolio statements that would make your eyes water. They were some of the most miserable human beings I've ever met. Financially wealthy, but personally, bankrupt. You can absolutely get rich without bonds. But if you want to stay rich, if you want a real money machine, if you want a financial life that funds something meaningful, it's about building a system that has dependable cash flow.
