My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Billionaires who continue obsessing over making more money are fundamentally misunderstanding what drives human happiness
The Reasoning
Once basic needs and security are met, additional money provides diminishing returns on happiness. Continued focus on accumulation suggests lack of clarity on what actually matters.
What Needs to Be True
- Money beyond a certain threshold doesn't increase life satisfaction
- Experiences and relationships matter more than material accumulation
- Many wealthy people haven't done the internal work to understand their true motivations
Counterargument
Maybe they're driven by legacy, impact, or genuine love of the business game rather than personal consumption
What Would Change This View
Evidence that ultra-wealthy individuals report higher life satisfaction when focused on wealth accumulation vs other pursuits
Implications for Builders
Define your 'enough' number early and stick to it
Focus on building for impact and fulfillment, not just financial outcomes
Invest in experiences and relationships as your wealth grows
Consider what will matter to you at the end of your life
Example Application
“An entrepreneur sells their company for $50M and instead of immediately starting another company to reach $100M, they take time to travel, spend with family, and explore what truly motivates them before deciding on next steps.”