The goal of work shouldn’t be to do less while getting paid more or to do nothing at all. The goal of work should be to find meaning in what you do.

It reminds me of what Daniel Levinson wrote in The Seasons of a Man’s Life: One of the great paradoxes of human development is that we are required to make crucial choices before we have the knowledge, judgment, and self-understanding to choose wisely. Yet if we put off these choices until we truly feel ready, the delay may produce other, greater c

exits. By our estimation, a 50-year-old founder is 1.8 times more likely than a 30-year-old founder to create one of the highest growth firms. Founders in their early 20s have the lowest likelihood of building a top-growth firm.14

Vanderbilt later said that being the richest person in the world brought him nothing but anxiety.17 While we are unlikely to ever become the richest person in the world, you can imagine the stress and scrutiny created by large amounts of wealth. The responsibility one might feel toward society. The guilt of having so much while others have so littl

researcher, came to a similar conclusion when discussing the experience of his friends who became wealthy. As he noted, his friends originally wanted money because they focused mostly on the things they couldn’t afford. But after they became wealthy, they thought more about what they wanted and realized that their true desires were relatively inexp

I am a fan of Warren Buffett’s take on the issue: “Leave the children enough so that they can do anything, but not enough that they can do nothing.”

Nick Cammarata, a writer and AI

Don’t get me wrong, I’m not saying that once you reach a certain wealth level that people will only like you for your money. However, if your financial status is publicly known, you will need to keep your guard up at times. This is why the friends you had before you were wealthy are so important. Because you know they liked you for who you are and

After all, outside of fraud, the most common way those in Level 5 (and above) fall down the Wealth Ladder is through overly concentrated investments. These investments can be in your own business or someone else’s. Either way, the risk is in having too much money in a single asset. For example, Seán Quinn, who was once the richest man in Ireland, s