🤑 Your income to happiness graph is not linear: Time isn't money

People often assume that they will be happier if they just made more money. As Alex Hormozi once said, "Money only solves money problems, then you are left with problems that money cannot solve". 

I have met and worked with plenty of extremely rich people, including a private equity and hedge fund billionaire, but I have never met somebody who reached their 'number'. Money can become a prison, a perpetual need for growth that shackles you to work. This article helps keep me focused on my actual goal: freedom. 

Here is a quote from the article:

We have this 1:1 perception of income and satisfaction. If I make X amount of money, I will receive Y amount of satisfaction. Our idea of the income and life satisfaction graph looks something like this: We think that quadrupling our income will quadruple our happiness, but that’s not true.

Satisfaction deriving from money is not linear, it suffers from diminishing marginal returns. When do you shift from focusing on money to focusing on the things that bring you true fulfilment? Everybody is different, and this is something I help all of my clients with on an individual basis. Knowing when - logically - is one thing, truly feeling ready when it is time and understanding how to do it is quite different.

I shared this in my Work Smart Wednesday newsletter. Want the full set of related insights? You can read them here: https://worksmartwednesday.substack.com/p/work-smart-wednesday-august-2-2023

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