Personal Finance
Philosophically, how much Wealth is Really Enough to Be Worry-Free?
By Investment Moats  •  April 9, 2022
My experience as a financial blogger and someone trying to accumulate wealth gave me a certain lens about money. But my experience working in a wealth advisory firm kinda shifted the lens a bit here and there and sometimes, I get a little philosophical about how we all view the concept of wealth. Nassim Taleb, of Fooled by randomness, antifragile and black swan tries to describe the fine line of how much wealth is optimal:
Money can’t buy happiness, but the absence of money can cause unhappiness. Money buys freedom: intellectual freedom, freedom to choose who you vote for, to choose what you want to do professionally. But having what I call “f*ck you” money requires a huge amount of discipline. The minute you go a penny over, then you lose your freedom again. If money is the cause of your worry, then you have to restructure your life. Nassim Taleb
Many of us look at it as more...
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance