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If you wouldn’t change what you do if you had more money then you’ve already won.
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Key takeaways
- >> The reason [music] I like Jimmy's definition so well is cuz he actually ties it to behavior, which is that if you have no change in behavior based on a change in condition, which would be increasing money, then you've already achieved a state where the money no longer confers additional value.
- [music] And so, that would then mean that you've reached the pinnacle of wealth for you.
- Right now, does more money would I change what I do if I had more money?
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Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00I think rich, rich is relative, right? >> I think there might be many rich people in here this evening. And here's how I define rich. If [music] having more money wouldn't change what you do, then you're rich. >> The reason [music] I like Jimmy's definition so well is cuz he actually ties it to behavior, which is that if you have no change in behavior based on a change in condition, which would be increasing money, then you've already achieved a state where the money no longer confers additional value. [music] And so, that would then mean that you've reached the pinnacle of wealth for you.
0:26Right now, does more money would I change what I do if I had more money? If the answer is no, you're already …