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The Homeless Billionaire

by GGpaul
5 replies
The Homeless Billionaire - The Wealth Report - WSJ

VERY INSPIRING.
#billionaire #homeless
  • Profile picture of the author Shubh Ashish
    Nice story Man.I am feeling like stop making money and shut down all my cash funnels.But first,let me become a Billionaire and then I will do so.
    But Really , Very Inspiring.
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    Sell Dreams, Not Products
    - Steve Jobs
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  • Profile picture of the author dmarseller
    - “I stay in hotels,” he told me.- WoW! he has a lot of money ! jajajajaja.

    When I pressed him on why he no longer got much enjoyment from acquiring more “things,” he said this: “First, I don’t need it. Secondly, maybe in a bizarre kind of way, I don’t want to be dependent on it or have the responsibility. I don’t get that much enjoyment out of saying ‘I own it.’ ” INCREDIBLE :O

    Thank you GGpaul!
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  • Profile picture of the author GGpaul
    Np. Any time.
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    RIP Dad Oct 14 1954 - Mar 14 2015.

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  • Profile picture of the author apkkadam
    Interesting story. He sounds like he has detached himself from any form of wealth.
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    • Profile picture of the author ScottGordon
      In the U.S., I think the money/happiness scales show that once people find a way to obtain $50K a year, the happiness curve starts to flatten pretty dramatically.

      That makes sense. With $50k a year, most reasonably sane people can pay their basic expenses, pay down some debt, put some money into savings, even take a vacation or 2 each year, and not worry too much about whether or not they can afford to go to the doctor if they need to.

      In other words, $50k each year will eliminate most of the financial stress for the average American.

      Above that, people may start buying stuff they don't need and which (ultimately) doesn't really make them any happier. And, in fact, it can start to clutter their lives and drag them down (as pointed out in the article.)

      Mostly (I think), those people who feel they have to own flashy cars and McMansions and other "look-at-me" stuff to impress others are just suffering from a poor ego.

      They would be better off figuring out who they really are, getting comfortable with themselves, and putting the money into something more rewarding, like maybe making the world better in some way.

      So thanks for sharing this great article that reminds us that it's not what we have but what we do that's important. And money is just a way to amplify ourselves and our values.
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