This is episode seven of the Power Lunch podcast. Jarrett Bellini: I want to talk today about what I consider the highest form of wealth. The Vanderbilt's are one of the most fascinating families in the history of wealth because they were the richest family ever. And if you dig into their lives, not just George Vanderbilt, but almost any of the descendants, virtually all of them were not that happy.
The highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want today.”
People want to become wealthier to make them happier. Happiness is a complicated subject because everyone’s different. But if there’s a common denominator in happiness -- a universal fuel of joy -- it’s that people want to control their lives.
The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.