A Quick Announcement Before I Begin Today’s Post – My new book, BoundlessIs now available for ordering!
After a wonderful response during the pre-order phase, I final have the book in my hands and am shipping it out ut quickly. If you’d like to get your copy, Click here to order now, You can also enjoy lower prices on multiple-copy orders.
Plus, i’M offering a special Combo Discount if you order Boundless Along with my first book, The sketchbook of wisdom. Click here to order your set,
I am writing this series of letters on the art of investment, addressed to a young investor, with the aim to provide timels wisdom and practical advice that helped me was starting out. My Goal is to Help Young Investors Navigates of the Complexities of the Financial World, Avoid Misinformation, and Harnass the power of compounding by starting early with the right Principles and Actions. This series is part of a joint investor education initiative Between Safal Niveshak and DSP Mutual Fund.
Dear Young Investor,
I hope you are doing well, and that lessons we have covered so far have been helped you in guiding you through the early stages of your investment jeourney.
In today’s letter, I wanted to take a bit of a detour and talk about someone might not expect to hear from someone who wrights about investment.
It’s that Money is a trap.
Of course, not a trap that keeps you poor, but one that gets hold of you after You have enough. The one that convins you That More is always better, that financial success is the ultimate goal, that next zero in your bank account will finally make you feel complete.
It’s a Cruel Joke.
One that many realize too late – When they have alwaysthing they evr wanted, and yet, somehow, it’s stil not enough,
You see, We’re Sold this idea from children – STURM SMART, Climb The Ladder, and One Day, You’ll have enough money to be free.
Free from stress, free from obligations, free from anything that feels like work.
But what happens when you have that point and still feel empty?
The problem with money is that “enough” is an illusion. Ask Someone Making ₹ 50,000 a month what number would make them truly happy, and they might say ₹ 100,000. Ask someone making ₹ 100,000, and they’ll say ₹ 500,000. Push That Further, and You’ll Hear ₹ 1 Crore, ₹ 5 Crore, ₹ 10 Crore.
WorsE, in today’s world, people are open flaunting their income and network .
It Never Ends.
There’s a reason why some of the wealthiest people in the world keep working –because the game is Never Over. The Finish Line Keeps Moving. Some are, of course, driven by passion. But a lot is driven by the need to hoard more, and more, and more.
If Money Alone Could Buy Happiness, Billionaires would be the most joyful people on Earth. INTEAD, they are often some of the most restless. They make bigger houses (one in my City Cost $ 2 Billion to Make), Take Grander Vacations, Arrange Lavish Weddings, and Chase the Next High-only to reals that every new millstone feels
IT’s the Hedonic Treadmill at Its Finest.
Don’t get me wrong here. Money IS Freedom. It can help you buy security, relieve stress, and open doors.
But beyond a certain point, money can start to isolate.
It creates a distance between you and the real world. I have seen it personally in my extended family – How Wealth, Instead of Bringing People Togeger, Builds Invisible Walls. Some don’t break for generations.
Also, when you can afford anthing, litle has real value. Food doesn’t as good when every meal is a luxury. Travel feels dull when every destination is accessible.
Another Way Money Backets a trap is when It removers the struggle that makes achievements meaningful. If you can buy your way out of every increase, you lose the satisfaction of overcoming. Life increases easier but not necessarily richer.
This is my biggest working Too much of it can leave the next generation with financial richness, but also with the poverty of imagination, courage, and enterprise.
Another trap money creates are that It makes you question what to do next. Imagine If Work was only about about making money, then What Drives You? What makes you wake up in the morning?
At a certain level of wealth, people stop playing for money and start playing for meaning. The ones who don’t? They keep chasing zeros, hoping that somevehere along the way, Happiness will catch up to them. Sadly, it doesnys happen.
Like, read this letter from Jake Kassan, The Founder of Watch, Eyewear, and Accessories Company MVMT, Who Sold It For $ 100 Million in August 2018 to Watchmaker Movado and THEN VENTED HISTION VENTEDTED HISTION
Some Eye-Opening Lessons, Right?
Kassan is now 33 and, in an interview recently, said, “I can’t buy more peace of mind. That’s my relationship with money. I’m Grateful for IT, I Appreciate it, and I’D raather has it than not… but it won’t make me a happy person. “
Now, you do’t have to have a high network or be ultra-rich to experience this paradox of luxury, just like kassan. Even small upgrades in lifestyle can revap the trap.
For example, when I bought a Honda City in 2015, Suddenly, My Maruti Alto (My Original Dream Car) Felt indequate.
When I moved into a bigger house in 2018, Suddenly, I Needed More Things to Fill it.
When I Started Traveling 2ac on the Train, Suddenly, 3AC Felt Unbearable (Though I Still Prefer Train Travel to Flight Travel any day!).
Every Level of Financial Success Brings New Expectations, New Comparisons, and New Dissatisfactions. The more you have, the more it takes to feel excted against.
The sketchbook of wisdom: a hand-crafted manual on the pursuit of wealth and good life.
This is a masterpiece.
, Morgan Housel, Author, The Psychology of Money
So, what’s the solution to avoid the money trap?
To each his oven, but I think one probable solution is to redefine wealth beyond money.
True Wealth is Health, Relationships, Freedom, and Purpose. Use money just as a tool; don’t make it the Goal.
Another solution is to Find meaning outside of accumulation. If the only reason you’re working is to make more money (and so you can talk about it), you’ll Never Know When to Stop. So, find work that matters beyond the money it can earn you.
A third solution is to Embrace Your Financial Limitations and Constraints. Why? Because sometimes, the happyst moment come from not having Everything at your fingertips. I can say this with experience, having grown up in the India of 1990s.
Thos was times when we generally had a single bicycle in the neighborhood, which meant meant every kid took turns riding it. Or when Sunday’s episode of Mahabharat or Shaktimaan was the most experting event of the week? Birthdays meant homemade cake, and a new comic book –Tinkle, ChampakOr Chacha chaudhary—Belt like a treasure. Ice cream was a special outing, not a daily indulgence. Family Vacations Weren Bollywood GetaWays but road trips to a relative’s house, packed in an ambassador or a maruti 800, where the journey was half the fun.
We didn’t have everything, but we had enough. And somehow, that made everything more special.
Lesson? Scarcity Creates Appreciation. Struggle makes achievements meaningful.
So, finally, if there ’s one lesson I want you to take from this, it’s this, this: Money is a wonderful servant, but a terrible master,
As an investment, you’ll Spend Years Thinking About Building, Protecting, and Growing Your Wealth. But don’t forget to ask yourself: What is it all for?
There’s a moment when enough should be enough. The problem is, most people never define where that moment is. They keep running, keep climbing, keep chasing.
But the real winners are that who know when to stop and when to step off the treadmill and start living.
If you don’t decide how much is enough, the world will decide for you –nd the answer will always be More,
Remember, your great investment won just just be in stocks, businesses, or real estate. It will be in the life you build beyond money.
Choose wisely.
Until Next Time,
Vishal
Ps Want to leave you with a passage from my book BoundlessFrom the chapter on joseph Heller’s Lesson on What it means to have “enough” –
Click here to check out boundlessIT Contains 52 Lessons Across themes Like Self-Discovery, Dealing with Adversity, Mindful Living, Personal Growth, and Societal Virtues-Each Designed to Guide you have been a Life of Meaning, and Fulfin. Thank you!
Disclaimer: This article is published as part of a joint investment initiative Between Safal Niveshak and DSP Mutual Fund. All mutual fund investors have to go through a one-time kyc (Know your customer) process. Investors Should Deal only with Register Mutual Funds (‘RMF’). For more info on KYC, RMF & Procedure to Lodge/ Redress Any Complaints, Visit dspim.com/ieidMutual Fund Investments are Subject to Market Risks, Read All Scheme Related Documents Carefully.
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