Shane Parrish

Welcome to this episode of Outliers.

I'm your host, Shane Parish.

Today, we're going to learn about Ray Kroc and the story of McDonald's.

Ray was 52 years old and selling milkshake machines for a living when he discovered McDonald's.

He didn't invent the hamburger.

He didn't invent the system.

What advice do you have for somebody living paycheck to paycheck?

You've been incredibly successful and sold over 10 million books.

What drives you today?

But if you look back 30 years ago and you could see what you've accomplished today, the financial success, the status success that you've had, you've blown away any goal that you would have had.

Why keep going?

What can money do for us and what can it do for us?

It's kind of like oxygen in a way, I guess, right?

When you have it, you never think about it.

But the minute you're lacking it, it's all you can think about.

I remember talking to Daniel Common about this, and he had a distinction between happiness and satisfaction.

And the distinction was happiness is an emotion.

Most people think they want to be happy, but it turns out that most people want to be satisfied.

And satisfaction was more based on the story that you can tell about your life.

So it actually had to do with