The Wealth Trap — Why Balance Is More Important Than Your Net Worth
00:00:00.000 | I know a lot of really wealthy people who are miserable because they work all
00:00:04.040 | the time or their, their job takes them away from their family, or they work
00:00:07.760 | on a job that is kind of soul sucking and not happy to them.
00:00:10.920 | So there has to be some sort of balance between looking at this number in my
00:00:15.960 | portfolio and the, the number is the only thing that matters and this, these are
00:00:19.160 | the goalposts versus having a more balanced life, there's things that happen
00:00:23.760 | in your life that can change how you view that saving stuff and obviously
00:00:28.360 | everyone's different.
00:00:28.960 | Some people have a problem spending too much money.
00:00:31.280 | Some people save too much.
00:00:32.160 | Some people are in the middle.
00:00:33.040 | I've tried to bring my financial life more in balance to think of a wealthy
00:00:37.040 | life, more as enjoying some of it now, while still making sure future
00:00:41.120 | me is going to be sad.
00:00:42.840 | We've had clients in our wealth management firm who plan their whole
00:00:46.720 | life and they get to the point where it's retirement time and they dropped
00:00:51.040 | out of a deadly disease, right, right.
00:00:53.040 | As they're about to finally enjoy their money.
00:00:55.720 | having those kind of experiences has shaped and changed me.