The really really rich and successful people that I know all just go and and use iPhone SE‘s. Certainly not their positions or their house. Why? I think the best way to classify somebody as being rich or not is how much liquid money they have in their savings account, not their “investments“. In fact, only poor people buy expensive German cars. For example, my personal thought is that only poor people buy iPhone Pros, buy BMW three series, etc. If that were the case, do you still need a continual steady income stream? Don’t spend the money Or, let us say you owned $1 billion worth of Bitcoin. Do you need to continue earning more money? Let us consider, if you sold your company, or sold a bunch of shares in a company, and let us assume that you have at least $1 billion in the bank. I am not sure if they would be able to answer that question. I was randomly thinking, imagine if Larry Page and Sergey Brin were at a dinner meeting with some in-laws or family members, and somebody who was ignorant of them would ask them, “How do you earn money?” So what is your job? What do you do for a living? How do you earn money? I like interacting with people in real life, in person, anything that requires me to schedule some thing is my hell. What is the problem about working for a company, somebody else, or having a “job“? I think it is that people don’t like having to go to the office (if they don’t feel like it), they don’t like feeling unable to just randomly go on a trip and skip out on work duties, and I know for myself personally, I hate pre-scheduled meetings. I have been a sole proprietor and self employed. Fortunately since then, from 2011 until 2022, I have not had a boss. I am lucky that I’ve only ever had a boss for about 10 months of my life, after I graduated college and got my first tech job. I don’t think anyone likes to work for a company, or someone else, or have a boss. It doesn’t matter whether you’re earning $500,000 a year, $1 million a year, or $10 million a year. It doesn’t matter if you work at Facebook, Amazon, Google, Apple. When people talk about “financial freedom“, what do people really mean to talk about? I think the first thing is not having to work at your 9-6 job. ![]() ![]() People don’t want to become a millionaire, they just want to spend 1 million dollars.įor example, there’s a difference between having $1 million in your savings account, and the difference between spending your $1 million, and having zero dollars in your bank account. He told me something interesting and quite precise: ![]() I asked him that after all of his experiences writing about personal finance, etc., what his ultimate takeaway points were. I once talked to a guy at a wedding who once wrote for the Motley fool, the online website about investing in stocks etc. So the question is, why care so much for money? The difference between owning a Lamborghini, buying a Lamborghini, versus having the money in the bank which could buy the Lamborghini The funny thing is I have spent so much time in America, that when you’re so indoctrinated in that school of thought, you never really question it. How much money you have, how much money you make, your ability to buy certain things, you’re spending power, etc. However, in America, the supreme value is money. Instead, neo(new)-Confucian notions of virtue, morality, success, rank, hierarchy, etc. One of the interesting things about being here in Korea, and thinking about Korean Confucian values, etc., essentially, money is not the supreme thing here.
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