I'm currently reading how Felix Dennis gets rich. The front cover claims it should reveal some tips for getting rich. I'm currently on page 70, but I haven't encountered anything revolutionary (though hope is high), but one thing that shocked me is a passage in the preface, written by one person, worth about a billion dollars:
[I wrote this book to]…Proves that this wealth has given me the most precious thing in my life. What is the most precious thing in life that wealth can provide? Easy: For me, it's time. time. If I want, it's time to read and write poetry. Or write a book if it takes my fantasy. It's time to rise in the slightest, walk in the woods, think, commission art, read, drink, hang out with friends and loved ones… almost anything, as long as the day doesn't involve a day making money in the office or factory, making money for others. This is what money can do.
Wow! This is a guy who “makes me” and “beyond me” from 1000 elements, what he seeks and has is basically the same as what I seeks and has. Actually, if I outsourced the study, I could think of it as the art of debugging, and if the blog is poetry (oops!), we would love the exact same thing. Given the factor 1000 difference, this is somewhat surprising. Usually I hope Variance of types When the difference exceeds the factor 10.
Good news for everyone! You really don't need $500,000,000 to have that time and have a good time.
He did mention some cars he could buy, I can't, but on the other hand he can't drive, so I guess that makes us even make us
On rare occasions, I think more money comes to get more money, so I can buy things, but frankly, giving up time to buy things is a lot to ask, so I will satisfy you with cheaper indulgence.
So I came to the conclusion that I had exceeded what I could do for me with my excess money. More precisely, the marginal utility of more money is very low. Just like that for a while. Even when I was working, money quickly developed into a way to keep score. This is a natural result of spending far below salary.
Recently, I have realized that I am old. I'm in my thirties. Double, I will be in my seventies. To me, 70 is a bit old. So I have a lot of time to go back to 0, like 70, and I feel like I've been through a long time. More time has a high edge utility!
Therefore, it is not economical to spend very valuable time making more money than you need. Sure, making money by chance is nice, but when I seem to have reached the limits that money might reach possible (except for ownership of large luxury items, nothing I think I can use without) is just crazy, it seems crazy.
Of course, as mentioned in the book, everyone may think that this is an exception to money does indeed buy happiness, but I am reluctant to bet on the 15-year bet of my life.
Copyright © 2007-2023 EarlyRetirementExtreme.com
This feed is for personal, non-commercial use only.
Using this feed on other websites violates copyright. If you see this notification anywhere in the news reader, you can get you to view the copyrighted infringing page. Some sites use random word substitution algorithms to confuse the origin. Find the original unrotten version of this post on EarlyRetirementExtreme.com. (Digital fingerprint: 47D7050E5790442C7FA8CAB55461E9CE)
Originally released 2010-05-31 23:22:55.
