The article challenges the conventional definition of wealth, which equates it solely with what you possess. It posits that true wealth should consider one’s desires, implying that perpetual wanting can leave individuals feeling broke despite financial success. Citing Morgan Housel, it stresses that some billionaires may feel broke because their desires exceed their possessions. By redefining wealth, the author encourages entrepreneurs to shift their perspective on money and success, asserting that understanding this can lead to more fulfilling relationships with both.
The best measure of wealth is what you have minus what you want, and by this measure some billionaires are broke.
Most people define wealth with a simple equation: Wealth = What You Have. But this equation is fatally incomplete.
If what you want constantly expands to exceed what you have, you'll never feel wealthy-no matter how much you accumulate.
Once you understand true wealth, you'll never look at success the same way again.
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