AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Financial Milestones of Wealth and Utility of Money
Growing up working class in Denmark provided unique opportunities due to the socially democratic state. The pivotal financial milestone as an entrepreneur is reaching $1 million, which allows freedom from worrying about basic needs. Beyond this point, money provides only an additional 10% of utility, allowing for exotic and expensive experiences such as racing cars, which offer no residual value.