What are the uses of wealth?
On the one hand, you could save it, invest it, and turn it into more wealth.
You could use the excess beyond the necessities to buy things like cars, houses, electronics, jewelry, etc.
As you acquire more wealth and buy enough things like cars, knick-knacks, chachkies, you’ll need more space to store everything. You may need more rooms, more closets, and a bigger garage. You may even need to rent additional storage.
Eventually, you’ll have more rooms than you can use.
Eventually, you’ll have more cars than you can drive.
Eventually, you’ll have more clothes, sneakers, jewelry, than you can wear, and you’ll have eaten enough caviar that the taste will seem ordinary.
What else could you do?
You could live an exciting life, you could travel, eat at wonderful restaurants, and have amazing life experiences.
You could use wealth to build things that the world needs, help people who need help.
This is the spirit of the true entrepreneur, the problem solver, and the philanthropist.
The World Is Changing Around Us
I’m not suggesting that living a deprived life is the “right” thing to do with wealth. Quite the contrary.
Hard work deserves reward and there should be incentive to take risks.
But as the world grows in population, our resources become more scarce, and our collective values shift, I hope to see more of the world’s wealth being reinvested into our future rather than collected by any single individual.
At least that’s what I plan to do.
Today’s Assignment: Tell me in the comments what you would do if you had one million dollars beyond what you needed to live a comfortable lifestyle.