Macht mehr Geld dich wirklich glücklicher?

0:00Are there different tiers to wealth that you've noticed? Yeah. Like for people that go from zero to 100, 100 to a million? Sure. >> What are those tiers? And when do you see diminishing returns? >> I think Felix Dennis has a a book called like it's like how to be rich. I I think it's how to be I'll teach you to be rich or how to be rich, something like that. Anyways, it's funny, but like the first chapter he breaks down like 11 levels of wealth. And he says basically after $400 million liquid, he's like that's when you're truly wealthy. and he's he was you know he was worth that much money.

0:30He's like at that point it's like you can really do whatever you want. I do think that the jumps are much smaller in the beginning in terms of what makes a really big difference. I think going from anything to about six figures a year is a material change. Um I think going from like you know even 10,000 a month to 20,000 a month is a significant change. Going from there to about 40 or 50 is another change. And if we think of like how we're defining the change it's usually like what are the variables that affect someone's daily living. So, it's going to be where they live, um the, you know, the schools that their kids can go to, the vacations they can take, where they can stay, uh the food they eat, the clothes they wear, like those are all, but almost all of those are affected mostly, I would say, like up to kind of like that 1% earning level, which is about $500,000 a year. Now, you can live a baller lifestyle, 500, but not really save anything. And so, if you're a responsible saver, it really depends on your saving. Um, I'm actually a lot like Graham, believe it or not. Even though I I I spend money because Leila spends money, but like by percentage of income, I spend a very small percentage of my income. Um, and so it really just depends on your appetite for saving versus spending. Uh, and I think that's entirely personal because it's really just a question of risk. Like how much risk am I willing to take on? But, um, beyond that, there's that's just a ratio. But after that, it's like, you know, you're you have nicer and nicer houses. You go on nicer and nicer vacations. You travel private. you know, maybe that's at a couple million bucks a year. You start traveling private.

1:55After that, again, it's like it's just like you're buying boats and you're buying houses. Like there's you can't at a certain point, you really can't consume any more of it. Um I will say this is that I do think that and this is controversial. >> Um but I do think that money um because you know they they study it's like up to $70,000 a year. Um and now like inflation adjusted probably closer to 100. >> I actually think it it it continues to go up beyond that. But I think the problem is that people have a skill deficiency in terms of how to spend money. I think most people know how to spend money effectively up to $100,000 a year in terms of how to make their life better, but they don't know how to spend it above that in terms of like things that improve their lives. Like I think but I think it's a learnable skill. I think you can get better at spending money uh to make your life better. And so for me, things that make my life better are going to be things that buy me time back. Um things that basically are all the annoyances and frustrations in my life. If I can pay to make those go away, those are things that net enhance. Um, and then longterm in terms of purpose, it's like if you find something meaningful, you can actually devote real resources and make a change or an impact, which I think is, you know,

2:54>> you should see the updated study on that. That whole $75,000. No, it was that was done in a in in a different country with so they they did one they did one recently >> uh well within the last 10 years of the United States and they found that I think it was about $150,000 was where you get peak >> dollar to value ratio. It continues up diminishing returns >> but diminishing returns and they found that it the diminishing returns really stopped about $650,000 a year about top 1%. They found [clears throat] that over a million dollars a year, you actually have lower quality of life. And I'm guessing it's because you have more problems, career issues.

3:33>> Uh or maybe friends are not friends with you or you have fake people, >> manage money, which is another like a whole another thing, >> right? But it was really Yeah. 650, 700 grand and then it just kind of tapers. Yeah. After that, >> I would that seems super super believable. But like after, you know,5 or $10 million a year in income like but the next strata is like I don't know 25 maybe 30 40 million a year in income like where you can do like even you know crazier things I guess but at a certain point when you can buy the hotels you stay at it's like like whatever. I don't know. I don't have a need for a mega yacht. I think Ila wants one though.

4:09>> You should buy a hotel. [sighs] >> Don't say it too loud. [laughter] Real quick, I'm going to show you the exact 10-stage road map from zero to 100 million plus that less than 1% of companies finish I've now done multiple times. And so I can say with a lot of confidence that these are the stages as headcount increases that you need to get through. And I broke each of these down by eight different functions of the business, what the constraint feels like, like what are the symptoms of it when you're going through it, and then what steps we actually took to graduate.

4:39And we've done this across software, physical products, uh, service businesses, brick and mortar, all of this, and it works. And it's my gift to you. It's absolutely free. And so the link's in the description, but you just go acquisition.comroadmap. Just enter your info and it'll spit it right back to you. Offering.