Money is the means to an end… but not the end unto itself.
The focus on money is a loser’s bet, and will lead to destruction in your life.
I’ve seen vast riches blow up in peoples’ faces many times.
The pursuit of money can lead to bad decision making, lack of integrity, and a wasted life.
At the core of your wealth creation must be your life’s purpose.
- What are you working towards?
- Why do you want more money?
- What is your life mission?
I’ve told this story in the past, and strongly encourage you to take a moment to think about 3 things you want people to say about you at your own funeral.
I believe it is likely that you will discover your own life’s purpose and fulfillment when you think about what you want people to say about your own legacy.
It’s important to know what you want in life so that you are not wandering around aimlessly or committing yourself to being busy for no good reason other than making more money.
Working, investing, business building, and wealth creation are important, but why?
Knowing what you want in life and reflecting on it daily will give you the resolve to live your life according to what makes you truly happy.
For my own life, money equals freedom, options, and a higher quality of life.
Right now, that means more time with my kids, wife, and the ability to experience certain activities with my young family that come with a high price tag.
Building a great business like this letter is also very rewarding, and I hope that when I’m gone, people will say that I was a great wealth teacher and financial independence motivator.
Legal Notice: This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.