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The Examined Life

How Do You Build Long-Term Wealth? [Adam Katz]

Aug 31, 2023
Adam Katz, a wealth manager, discusses building genuine relationships, traits of entrepreneurs, difference between rich/wealthy, spending in line with values. They also talk about the three-digit rule, limitations/benefits of money, and traits/patterns for building wealth.
01:14:23

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Building genuine relationships is key to building long-term wealth.
  • Adopting a three-digit rule for spending can help align financial choices with values.

Deep dives

Building long-term wealth through cultivating relationships based on service and helpfulness

In this podcast episode, the speaker discusses the importance of building long-term wealth by focusing on cultivating relationships based on service, helpfulness, and genuine care. The speaker shares personal anecdotes and examples of how being a helper and providing value without expecting anything in return can lead to network effects and opportunities in the future. They emphasize the satisfaction and fulfillment that comes from assisting others and the positive impact it can have on mental and physical well-being. The speaker encourages listeners to find ways to be the giver, whether through mentorship, community involvement, or other avenues, and highlights the cumulative effect that small acts of kindness can have.

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