the curse of making money David Jaffee with beststockstrategy.com and in this video you're
going to learn the curse of making money and why oftentimes people who have a lot of money
are worse off than those who do not have a lot of money the reality is that many wealthy people
use wealth as a way of filling an internal void they use the money to
validate their existence and to feel better about themselves money oftentimes becomes an addiction
where instead of being balanced many people will become addicted to the feeling of making money
and they will use money as a proxy to fill in the self-esteem that they inherently lack
people become addicted to the adulation and the praise and the social status that money oftentimes
brings what frequently happens is that when you make a lot of money you will expect people
to look up to you because they will perceive you as powerful the problem with this is the
amount of sacrifice that it usually takes in order to obtain a lot of money is typically not
worth the amount of pleasure that one derives from actually possessing that money as a result people
who have a lot of money oftentimes become obsessed and it also becomes an unhealthy obsession now
i know that this is blasphemous for many people where oftentimes people put contingencies on their
happiness and they think that as long as they make a certain amount of money then they're going to be
happier than they are in the current day but i can tell you that the best way to be happy and to live
a fulfilling life is to be very balanced from my experience after graduating from an ivy league
university and working on wall street some of the most unhappy people that i met are also the
wealthiest people now on the flip side people who do not have a lot of money are also stricken with
a lot of stress such as paying rent groceries and things of that nature however the best way to live
a fulfilling life is to be balanced oftentimes people have a misconception that more is better
but i'm telling you from experience that more is often times not better having more possessions
is not better probably the only thing where more is better than less would be experiences
so frequently if you look at happiness studies people who travel more who meet new people
who experience different ways of life those people tend to be happier than others because
from my experience i can tell you that during times when i'm depressed or not feeling well
i'm able to think back to positive experiences that i've had in the past and that would give me
a short-term dopamine hit and that would give me a short-term mood boost so remember i know that
it might be difficult to accept but making money oftentimes becomes an addiction do not be envious
of people who have a lot of money because you don't know what they've had to do in order to
obtain it oftentimes people have to sacrifice their individuality their freedom their honor or
they have to endure a substantial amount of stress the best way to live a fulfilling life is not to
drive a Lamborghini and live in an expensive house and fly private rather the best way to live a
fulfilling life is to have a lot of experiences reduce your stress have enough money where you
don't have to worry about money visit a lot of countries establish strong relationships and
make sure that you take care of your health so that you are able and healthy as you grow older.
David Jaffee with Beststockstrategy.com i hope that you learned an important lesson today that
for many wealthy people money and making money specifically oftentimes becomes an obsession
by which they validate their lack of self-esteem and they use the money as a proxy to fill in for
the self-esteem that they currently do not possess maybe they had some struggles when
they were younger maybe they had problems in their relationships with their parents
maybe they had specific struggles when they were growing up and it's been very difficult
for them to work through these issues and to overcome them but do not be envious of anyone