Ray Dalio and Elliot Choy on Why Money Shouldn't be an End Goal

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·Nov 8, 2024

Or do you ever see people around you that make the mistake of thinking that money is the actual goal? Then they maybe got into it aiming to achieve freedom or these other things, security. But then they are just so caught up in moving that goal post that they forget kind of the end goal all the time.

It sometimes becomes an obsession. It's an obsession, and they can do it for things like status or whatever. Status is really an insecurity; in other words, it's trying to get the approval from others and so on. Rather than, "Ah, I love it," whatever the thing is, "I love it."

Like for me, I love nature. Right? It doesn't cost me anything really, and when I go fit into it, I think it's the greatest luxury and so on. So you must not lose sight of what it is. People get hung up on these things; they lose sight because of other associations and even the societal values of things.

You look around, and everybody's valuing this thing, and then they get hung up because they think it must be of value. You must know your nature, and you must feel it and know what you think and what you feel.

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Ray Dalio and Elliot Choy on Why Money Shouldn't be an End Goal

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