Mel Abraham says most people chase a specific net worth or 401(k) balance without knowing what life they actually want. The number itself won't get you there. What matters is fixing the behaviors and mindset underneath, not the income level.
Why are we building wealth in the first place? When I ask that question, I get one of two answers. I want freedom of choice. But here's the problem with that. They haven't defined the destination. They build towards a number. If that number isn't connected to the real vision, they get to the number and they don't get the life. The 401 It's not the point. The life is the point. A vehicle without a destination is just a very expensive way of driving in circles. The income's not the problem. The behavior is the problem.
