Steven
👤 PersonAppearances Over Time
Podcast Appearances
Yeah. And this, I think that those questions, they're not bad questions. There's no, there's no bad questions. I was asking those questions at one point in my life too. But it gets to the point of like, you have an obligation to understand how money works and what it's going to do to you and how to manage it. It's not a nice to have.
Yeah. And this, I think that those questions, they're not bad questions. There's no, there's no bad questions. I was asking those questions at one point in my life too. But it gets to the point of like, you have an obligation to understand how money works and what it's going to do to you and how to manage it. It's not a nice to have.
Everyone's going to have to deal with these topics, whether they like it or not.
Everyone's going to have to deal with these topics, whether they like it or not.
Yeah. I think you get there when you realize nobody's looking at you as much as you are, and nobody cares about your Range Rover and your Rolex as much as you did. They may have meant a lot to you, But no one else was thinking about them that much because they were busy thinking about themselves. They were busy thinking about their own car.
Yeah. I think you get there when you realize nobody's looking at you as much as you are, and nobody cares about your Range Rover and your Rolex as much as you did. They may have meant a lot to you, But no one else was thinking about them that much because they were busy thinking about themselves. They were busy thinking about their own car.
And you realize how much modern spending, and this has increased in the social media age the last 10 or 15 years, is trying to get strangers' attention. It's trying to put on a show, put on a performance for people that you think are paying attention to you, but they're absolutely not. They're not paying any attention to you whatsoever.
And you realize how much modern spending, and this has increased in the social media age the last 10 or 15 years, is trying to get strangers' attention. It's trying to put on a show, put on a performance for people that you think are paying attention to you, but they're absolutely not. They're not paying any attention to you whatsoever.
And so like lowering your, or like raising your humility is one way to think about it. But it's also just realizing like, who do you want attention from? It's different for everybody. For me, I want my wife, my kids, my parents, and like three friends to love me. And I desperately care about their attention. I desperately care what my kids and my wife and my parents think of me.
And so like lowering your, or like raising your humility is one way to think about it. But it's also just realizing like, who do you want attention from? It's different for everybody. For me, I want my wife, my kids, my parents, and like three friends to love me. And I desperately care about their attention. I desperately care what my kids and my wife and my parents think of me.
And it's fundamental to my happiness.
And it's fundamental to my happiness.
and from there it declines real quick you know there's a couple of really close friends who are in there and then there's some like colleagues and whatnot and it declines very quickly from there and strangers the person driving us could not care in the slightest and maybe that sounds obvious but so much of what we do with money is a performance to impress that guy who's not paying any attention to you whatsoever and so i want to put a lot of effort
and from there it declines real quick you know there's a couple of really close friends who are in there and then there's some like colleagues and whatnot and it declines very quickly from there and strangers the person driving us could not care in the slightest and maybe that sounds obvious but so much of what we do with money is a performance to impress that guy who's not paying any attention to you whatsoever and so i want to put a lot of effort
into fostering the relationships with those six or seven people. I want to put tremendous effort into that and very little every from there. And here's the thing. If I got a Ferrari, would my wife love me more? No. Would my kids admire me more? No. And so the people who I want to love me are not impacted by the fancy things that I would buy.
into fostering the relationships with those six or seven people. I want to put tremendous effort into that and very little every from there. And here's the thing. If I got a Ferrari, would my wife love me more? No. Would my kids admire me more? No. And so the people who I want to love me are not impacted by the fancy things that I would buy.
We live a pretty decent material life, but I also spend a lot of money. So the biggest expense that I have, what I spend money on is independence. And I view that as a thing I'm spending money on. I spend money on controlling my calendar. I spend money on the ability to say no to work that I don't want to do. I view it as I'm financially independent. And so I can do the work that I want to do.
We live a pretty decent material life, but I also spend a lot of money. So the biggest expense that I have, what I spend money on is independence. And I view that as a thing I'm spending money on. I spend money on controlling my calendar. I spend money on the ability to say no to work that I don't want to do. I view it as I'm financially independent. And so I can do the work that I want to do.
And I've been working on that for 25 years. What else do I spend money on? Here's what's interesting. My son back in the green room, you asked about him. It was the thing I was thinking about just a couple of weeks ago. I grew up as a skier. I was a ski racer in Lake Tahoe. And always, particularly when I was younger, there were always people on my ski team who had better gear than me.
And I've been working on that for 25 years. What else do I spend money on? Here's what's interesting. My son back in the green room, you asked about him. It was the thing I was thinking about just a couple of weeks ago. I grew up as a skier. I was a ski racer in Lake Tahoe. And always, particularly when I was younger, there were always people on my ski team who had better gear than me.