Summary: Wisdom–experience, knowledge, and good judgement to make good decisions–is the foundation for building wealth. The purpose of wealth is to have the necessary freedom to live our fullest and best life.
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In this episode you will learn:
- What is wisdom?
- Wealth is owning assets that make money while you sleep.
- Why working in a regular job is not the pathway to wealth.
- Being equity and owning assets
- How does wealth bring us freedom and fairness in life?
- Zero sum games versus positive sum games.
- Why status is a fool’s errand.
Mentioned in this podcast: Warren Buffet, Naval Ravikant, Charlie Munger, Mark Twain, Maria Popova, Abbey of the Genesee.
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