397: What is Your "Enough"? How History's Greatest Thinkers View Wealth, Happiness and Money
Oct 20, 2023
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Steve Sanduski, financial advisor and author, explores the concept of having 'enough' wealth and its relationship to happiness and fulfillment. Discover the joy of releasing money, the fear of wealth, and the fear-driven nature of politics. Gain insights into understanding your mindset regarding money and the impact of financial goals on your life.
Recognize that focusing on genuine human experiences and relationships is essential in finding true abundance and meaning in your financial journey.
Shift your view of money from a tool for comfort and security to a means for facilitating genuine human experiences and relationships, finding freedom and focusing on the true meaning of wealth.
Deep dives
The Purpose of a Financial Advisor
Financial advisors have the role of helping clients grow and protect their wealth while also cautioning them against getting too caught up in their wealth and losing sight of their life. The focus should not just be on the accumulation of money, but also on the moral virtues and purpose-driven aspects of life. By recognizing that they have enough and shifting their focus to genuine human experiences and relationships, individuals can find true abundance and meaning in their financial journey.
Viewing Money as a Flow
Rather than seeing money as a tool to eliminate uncertainty and seek absolute comfort, it should be viewed as a means to facilitate genuine human experiences and relationships. Money is like the current of a river, flowing in and out, purifying and ensuring that it is not hoarded but rather used for its purpose. Recognizing that the flow of money contributes to the fundamental joys of life and the impact it can have on others allows individuals to find freedom and focus on the true meaning of wealth.
Shifting Perspectives on Money and Wealth
It is important to reorient our understanding of money and wealth. Instead of viewing money as the sole determining factor of our value and security, it should be seen as a mirror reflecting our values, desires, and understanding of ourselves and the world. Rather than striving for material possessions and accumulation, the emphasis should be on identifying and appreciating the moral virtues and purpose-driven aspects of life.
Letting Go of Fear and Embracing the Flow
Many individuals, especially the wealthy, often experience fear and scarcity despite their financial success. By understanding that true abundance comes from letting go of the fear of not having enough and embracing the flow of money, individuals can find contentment and experience the joy of making a difference with their wealth. Letting go of attachments and shifting to a mindset of abundance and purpose allows individuals to expand their impact on the world.
Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading
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