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Workaholics By A Billion

We’re always looking for new topics and discussions on the Internet and will tell you about the best. An anonymous user asked on Quora why billionaires can’t stop making money and spend it to travel the world. Andrew Lynch, Post Manager at Book In A Box and author of TheDailyPracticeJournal.com blog, shared his thoughts.

Elon Musk isn’t content to sit at his desk and wonder “Have you already made enough money?” He doesn’t think about how to travel the world and quit his job.

Warren Buffett does not go to Berkshire Hathaway’s headquarters in the mornings. He checks his investment portfolio, and asks: “Can I afford my mortgage payment and live off the dividends the rest of my lifetime?”

Yes, it is obvious. Elon could be retired tomorrow if he so desired, while Warren had not needed to go to work for 50 years. But they do. Why?

Money is not money if you’re a billionaire. Simply add points to a scoreboard.

Problems don’t disappear when you become a billionaire. However, financial problems can go away. You don’t have to worry about credit card debt, mortgage payments, adding money to your retirement plan, or any other financial issues. Focus on the things that matter most.

You focus on questions like:

  • Does my business do all it can to make a difference?
  • Is there a better business in your industry than mine? If so, how?
  • Is there a sector that has a better business than mine or any other? If so, how do you explain it?
  • What have you done to make a difference in the world?
  • Do I have a legacy that will last me?
  • Did I do the best job I could when it came to investing and reinvesting my fortune
  • What proportion of my wealth should be donated to charities?

Elon doesn’t need to worry about whether he will ever be able to retire. Elon is more interested in whether humanity will be an interplanetary species.

Warren is not glued to a spreadsheet trying to figure out how he will live on dividend income for the rest his life. You might be curious if you are truly the greatest capital allocator, if your capital use has allowed you to do your best, or how you should allocate your money after you die.

Both billionaires are not asking themselves, “Do I need more money?” Do I need to stop working? They are asking themselves, “Have you made the greatest positive impact on the world?”

Both Warren and Elon care more about creating something truly great than traveling and spending money. They prefer to work over relaxation, which is, in fact, the fastest way to get rich.

Focus on your impact and the value you create for others, not how much you make. Zig Ziglar stated, “You can have whatever you want in your life by helping others get what they want.”

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