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Here's what Aristotle thought it meant to be truly wealthy
Saved by kev
I’ve since found guidance to reframe how I think about money from Ramit Sethi, an entrepreneur who helps people with personal finances. He asks a great question: “What is your rich life?” The purpose of this question is to stop you from looking at money as an accountant and looking at it as something that might help you live your ideal life. Over t
... See moreWhat does it matter how much is stashed away in his strongbox or his warehouses, how much he has in livestock or in interest income, if he hangs on another’s possessions, computing not what has been gained but what there is yet to gain? Do you ask what is the limit of wealth? Having what one needs, first of all; then, having enough.
The only limit to wealth, according to Seneca, is “First, having what is essential, and second, having what is enough.”
What’s the difference between wealth and money?
But wealth is hidden. It’s income not spent. Wealth is an option not yet taken to buy something later. Its value lies in offering you options, flexibility, and growth to one day purchase more stuff than you could right now.