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Ric Elias

๐Ÿ‘ค Speaker
1377 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And most people basically have set up that more is better, more is better.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And we measure things in money and value and the value of your company and the value of your business.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And in reality, if you focus exclusively on money, you miss the journey.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

You miss what this is all about.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

After a certain amount of money, and everybody's a little different, but it's a lot less than people think, it doesn't really affect your lifestyle.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And at some point, it affects how people treat you and it affects your kids.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

It affects what you're going to do with it, your responsibility with it.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

It affects all of it.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

I think money is one of those things that is a privilege to have.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

But if you're not careful, it can change you.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

Or more importantly, it can make you so addicted that you spend the rest of your life accumulating something that is worthless beyond a point.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

We trade all our time for money.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

That's what we're doing.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

We work our butts off for money.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And at some point, if you keep doing that, you'll end up realizing that you completely missed the point and that when you make enough money, you use that money to give you back your time.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

One of the things back to this point of 39 and 57, I was big into time and I have all these principles around time and how do I think about compounding time and all these things that are kind of weird.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

But in the last couple of years, I realized that time is actually a subcomponent of something more interesting or more important, which is our energy.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

I only want to invest my energy in things that give me multiple currencies back.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And I'm very aware of my energy.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

If I'm with somebody and I feel like I drains my energy, it's like, you know what?