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- May 1, 2011
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I think it all depends on the person.
Felix was a Hippie before he was an entrepreneur and ultimately became everything he once hated.
Whilst I have a feeling someone like @Kak, who most likely came out of the womb in a coat and tie, would have a much different view reflecting on his career as an entrepreneur.
He was definitely an artist at heart and probably at some point in his life he realized how much time he had wasted doing something that didn't bring him joy.
Thanks for the tag, MTF. Fascinating topic. I’d love to dig deep into it but first let me start small:
My ambition started with wanting money for my freedom of choices. Now that I’m moderately wealthy, I can confirm your quote text isn’t wrong. Wealth has its challenges. It does not bring happiness. Yet I’m as ambitious as I’ve ever been. Why?
Simple. I’m happiest when I achieve things. My days start with a zero. I feel I must do something because that’s who I am. It can be business, sports, family time, reading etc.
And I find business to be fascinating and challenging all the time. I don’t want or need to be a billionaire. But I do want to see what I’m capable of achieving in my life.
You seem to want to grow in all aspects of life. For Dennis it was mostly, if not primarily, money. For most of his life I don't think he had any other big interests or ambitions besides business.
Wow, what a horrific generalization. Sounds like he surrounded himself with grifters and losers, not to mention a mental framework of paranoia. But then again, weren't "hookers and blow" a regular part of his life?
One man's opinion and experience need not be your truth.
I've never been happier, but then again, I never owned a company with a gazillion employees and a significantly bigger shadow.
You need to keep in mind that his definition of rich was way different than what most people consider rich:
So for him, being rich started with £75 million in his time (he wrote the book in early 2000s). According to this inflation calculator, £75 million in 2005 would be £119,160,174.30 today so $157,619,001.40.
This is probably 10x what the most successful guys here on the forum are worth so a completely different game with a completely different impact on your lifestyle.
In 2010, his net worth was approximately more than $750 million so yeah, a completely different world (he'd be a billionaire in today's money).
I always say that if you want to be REALLY rich you’ve got to be ruthless - or at the very least your chances are much better if you are ruthless. Meaning that you let nothing stand in your way and stop at nothing to fill up your coffers.
But you must be ruthless in an intelligent way of course… just being ruthless in a stupid way will land you in jail or lead to self-destruction.
Being really rich isn’t the way to heaven, that’s for sure, but if that’s your goal, that’s what it is.
At the highest levels money and power blend together, and there isn’t much of a separation anymore.
Taking an extreme case, like a Saudi prince, you’re having access to so much cash you’d put Bill Gates to shame. Saudi Aramco (the Saudi oil company) is BY FAR the biggest and most valuable company in the world - only that it’s a private company, with shares just in the past few years hitting the market in a semi-privatisation. Market cap of around $2.5 TRILLION.
Having a company like that is literarily having access to a machine that can print as much money as you could possibly want. What that means isn’t yachts, castles, airplanes and what not (though sure, that is included). But what it really means is control over people and nations.
Not that it will make you any happier - I don’t think it will. But unhappiness at that level comes with the territory as Felix Dennis says. You can’t be a happy go lucky fella and hold onto that wealth. No, you need to be a ruthless killer, doing whatever it takes to protect your assets and grow them because you are surrounded by other ruthless killers looking for a moment of weakness to take it all away from you. Meaning the game you’re playing isn’t freedom: it’s power.
Yeah he covered that in the book as well. I think he was as obsessed as you described which contributed to this feelings about having too much money. I don't think he had that much power, though (outside of his companies).