The Purpose of Wealth Is Freedom

Everyone vaguely knows That they want to be wealthy But they don't have A good set of principles To do it by Wealth is then thing that you really want Wealth is assets that earn while you sleep Wealth is the factory The robots That's cranking out things Wealth is the computer program that's running at night That's serving Other Customers Wealth is Even money in the bank that is being reinvested into other assets And into other businesses Even a house can be a form of wealth Because you can rent it out Wealth is Businesses and assets that can earn while you sleep Wealth is Businesses and assets that can earn while you sleep But really the reason you want wealth Is because it buys you freedom The purpose of wealth Is freedom So you don't have to wear a tie like a collar around your neck So, you don't have to wake up at 7:00 AM And rush to work And sit in commute traffic So you don't have to waste away your entire life Grinding all your productive hours away Into a soulless job that doesn't fulfill you It's really just so that you are your own sovereign individual You're not going to get that unless you really want it And the entire world wants it And the entire world is working hard at it And to some extent it is competitive It's a positive sum game But there are competitive elements to it Because there's a finite amount of resources right now in society And to get the resources to do what you want You have to stand out Money is how we transfer wealth Money is social credits It is the ability to have credits and debits of other people's time If I do my job right If I create value for society Society says "Oh, thank you We owe you something in the future for the work That you did in the past Here's a little IOU Let's call that money" Wealth is Businesses and assets that can earn while you sleep Wealth is Businesses and assets that can earn while you sleep There are fundamentally two huge games in life that people play One is the money game Because money is not going to solve all of your problems But it's going to solve all of your money problems I think people know that They realize that, so they want to make money But at the same time Many of them deep down believe that they can't make it They don't want any wealth creation to happen They sort of virtue signal by attacking the whole enterprise by saying "Well, making money is evil. You shouldn't do it. Blah blah blah" They're actually playing the other game Which is a status game They're trying to be high status In the eyes of other people watching Status is just your ranking in the social hierarchy Status is just your ranking in the social hierarchy So Wealth is not a zero-sum game Everybody in the world can have a house Because you have a house doesn't take away From my ability to have a house If anything, the more houses that are built The easier it becomes to build houses The more we know about building houses The more people that can have houses So Wealth is a very positive sum game Status, on the other hand, is a zero-sum game It's a very old game We've been playing it since monkey tribes It's hierarchical Who's number one? Who's number two? Who's number three? And for number three to move to number two Number two has to move out of that slot So, status is a zero-sum game Politics is an example of a status game Even sports is an example of a status game To be the winner, there must be a loser I don't fundamentally love status games They play an important role in our society So we can figure out who's in charge But fundamentally You play them because they're a necessary evil Wealth is Businesses and assets that can earn while you sleep Wealth is Businesses and assets that can earn while you sleep But really the reason you want wealth Is because it buys you your freedom The purpose of wealth Is freedom Wealth is (Businesses and assets that can earn while you sleep) Wealth is (Businesses and assets that can earn while you sleep) But really the reason you want wealth Is because it buys you your freedom The purpose of wealth is freedom But there's always a subtle competition Going on between status and wealth For example, when journalists attack rich people They're really bidding for status They're saying, "No, the people are more important And I, the journalist, represent the people And therefore I am more important" The problem is that by playing these status games To win at a status game You have to put somebody else down That's why you should avoid status games in your life Because they make you into an angry combative person You're always fighting to put other people down To put yourself and the people you like up Just realize that most of the times When you're trying to create wealth You're actually getting attacked by someone else And they're trying to look like a goody-two shoes But really what they're doing Is they're trying to up their own status at your expense They're just playing a different game And it's a worse game It's a zero-sum game Instead of a positive sum game