I wanted money so that I could be independent, just like Charlie Munger said. The hardest thing about this is that I love the work. But doing something that you love on a schedule that you can't control can feel the same or worse as doingsomething that you don't enjoy at all. There's actually a name for that feeling. Psychologists call it reactants. It is the unpleasant feeling that you get when people experience a threat to or a loss of their free behaviors.
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.