What Rich People Don't Tell You About Success | Khe Hy
Oct 2, 2023
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Former BlackRock Managing Director, Khe Hy, shares his journey of self-discovery and the challenges of navigating success. They discuss the addictive nature of striving for success, the competitive nature of the finance industry, the desire to belong and the illusion of fulfillment. The importance of finding happiness in meaningful relationships and the power of observing thoughts through mindfulness meditation are also explored.
Success can resemble addiction with diminishing rewards and increasing effort, prompting a reevaluation of desired outcomes.
Building a strong financial foundation in one's 20s is crucial, while avoiding the never-ending pursuit of material possessions and finding joy in simplicity.
Leaving a successful career requires emotional resilience, self-confidence, and consistent effort to navigate judgments and self-doubt.
Deep dives
The diminishing rewards of success
The podcast explores the concept that the pursuit of success can resemble addiction, where the rewards become smaller and the effort required becomes greater. The speaker shares personal experiences and observations of the pattern in the corporate world, highlighting the need to question whether the desired outcome is worth the sacrifices. The speaker suggests considering the long-term consequences and trade-offs of a chosen path by examining the lives of people who have achieved the success one is striving for. The goal is to avoid reaching a point where one sacrifices years of their life only to realize it is not the life they actually want.
Building a strong financial base and finding balance
The podcast discusses the value of building a strong financial foundation in one's 20s, particularly in a Western capitalist society. It is recommended to be responsible and save money while also being aware of the potential addictive nature of constantly striving for more material possessions and status. The speaker shares personal experiences of acquiring belongings and accomplishments that lose their novelty over time. They caution against getting caught in a never-ending cycle of pursuing the next prize and emphasize the importance of finding joy in the simple moments and relationships in life.
Navigating the challenges of identity and making a change
The podcast explores the challenges of leaving a successful career and changing one's identity. The speaker shares personal experiences of facing judgments and projections from others, along with their own self-doubt. They highlight the importance of having conviction and confidence in one's work ethic and the belief that they will find a way to navigate difficult conversations and situations. Emotional resilience and trusting oneself to figure things out are key factors in making the transition to a new path. The speaker also emphasizes the value of showing up consistently and maintaining emotional stability in the face of uncertainty.
The Importance of Being Loved for Who You Are
The podcast episode emphasizes the significance of being loved for one's true self rather than seeking validation through external accomplishments such as social media followers or fame. It highlights the importance of having genuine connections with family, friends, and loved ones who appreciate and support you for who you are, rather than solely valuing superficial measures of success.
Observing and Quieting the Inner Critic through Mindfulness
The podcast explores the power of observing and quieting the inner critic through mindfulness practices. It suggests that by observing and detaching from our thoughts, we can gain a sense of inner peace and freedom. The speaker advocates for mindfulness meditation as one effective way to observe and reduce the incessant chatter in our minds. By cultivating this practice, individuals can experience a quieter mind, improved emotional resilience, and a greater ability to appreciate and find joy in the present moment.
In today's episode, we have Khe Hy, Khe went from being one of the youngest ever Managing Director's at BlackRock to being a full time creator. Khe shares his journey of self-discovery, the challenges of navigating success, and the importance of finding purpose beyond societal expectations.