Having Passive Income to Prevent a Life Deprivation is a Better Feeling than Having Lots of Wealth But Not Feeling You Have Enough
By Investment Moats  •  March 7, 2023
The Woke Salaryman did a comic strip to explain why some rich people will never be happy. I can identify with this article because they frame nicely a “disturbance in the force” that I cannot explain very well. The Woke Salaryman feels that wealthier people can never be happy because there is always some higher attainment that their peers have reached. They fear they may never get there, affecting their overall outlook. The question is: Where is this ‘there’? How do we define there? The Woke Salaryman identifies two kinds of deprivation: Absolute and Relative Deprivation.

The Difference Between Absolute and Relative Deprivation.

In the grand scheme of things, absolute deprivation has universally approved markers if we take a step back. We need the base layer of Maslow’s hierarchy of needs. This means we are not deprived of the following: Breathing, food, water, sex, sleep, homeostasis, excretion Security...
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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 ...

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