“What Gupta and Madoff did is something different. They already had everything: unimaginable wealth, prestige, power, freedom. And they threw it all away because they wanted more. They had no sense of enough.”
“There is no reason to risk what you have and need for what you don’t have and don’t need.”
“You plan. God laughs… A plan is only useful if it can survive reality. And a future filled with unknowns is everyone’s reality.”
– make a plan that embraces change and emphasizes room for error.
“Wealth is just the accumulated leftovers after you spend what you take in.”
– wealth vs rich — there is a difference.
“You can build wealth without a high income, but you have no change of building wealth without a high savings rate.”
– What is more important than the numbers you bring is, is what you have left from the numbers after you take your lifestyle into account.
Currently on chapter 8. And every chapter I read, there is always something to acknowledge, accept, and nod about. Because of the busy-ness in our world, we often forget what life is all about. We often chase for more and more, without realizing why we were chasing those things in the first place. This book gave me a good reminder of that. What’s enough and what’s important. Don’t get so caught up in the middle and forget what the whole point of life is. Breathe, relax, and understand the beauty of everything that life has to offer — not just what society traps us in.
I remember seeing a video somewhere and I’m going to put a little spin to the story:
A mouse was stuck in a big bowl, where it had just enough rice to escape if he really tried. However, this requires the mouse to try multiple times to find the right angle to push and pile the tiny grains. Then as the mouse got hungry, it couldn’t resist just trying one grain. It realized that it tasted good, was temporarily satiated, and he told himself he can try escaping the next day. When the next day comes around, he tells himself he can have another one before he tries, because there are lots of grains. And that cycle repeats. He doesn’t see the bigger picture of where this is leading him – ultimately to a position where there are no grains left, and no possibility of escaping this bowl. Idk why I thought about this as I was writing this blog, but this very much digressed. We will get back on topic now.
One more book added to my list: 30 Lessons for Living, Karl Pillemer