Scott Galloway says don't aspire to be a billionaire, because 'it's not going to get you anything.' Here's what to do with money instead of hoarding it | Fortune
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Scott Galloway says don't aspire to be a billionaire, because 'it's not going to get you anything.' Here's what to do with money instead of hoarding it | Fortune
""Once you hit your number, there's no reason to be a hoarder ... because this is what makes you happy: Spend it," Galloway said on the podcast."
""I have not increased my net worth in seven years. I looked at my number once I got there 10 years ago, [but] the last seven years, I look at my number, and if my wealth has gone up X and I haven't spent it all, I give it away. And you know what? It makes me feel strong like a bull. I want to beat my f-king chest it feels so good," he said."
""Here's what you do: You go to the Hô­tel du Cap with your wife. You do amazing things with friends and family. You take care of your parents. You fly your friends to Aspen to hang out with you. And then anything above that, you give it away," he said."
Once a personal wealth threshold is met, accumulating additional cash adds little extra fulfillment. Direct spending on experiences, travel, family care, and treating friends yields greater happiness than pursuing billionaire status. Excess funds above personal needs should be given away if not spent. Generous workplace compensation and lavish, joyful use of money provide strong positive emotions and a sense of vitality. Prioritizing active use of wealth and philanthropy creates enjoyment and purpose while hoarding beyond needs delivers minimal additional benefit.
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