"You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration.
And you’re more likely to gain those things through kindness and humility than horsepower and chrome."
- The Psychology Of Money
5 Stoic lessons from Seneca:
1. We suffer more in imagination than in reality
2. Associate only with people who improve you
3. The greatest remedy for anger is delay
4. Value your time more than your possessions
5. Death is not in the distant future. We are dying every day
Venkat Viswanath and his wife Pramad Jandhyala, founders of the recently listed Latent View Analytics, are worth more than Rs.5000 cr. Yet, Venkat still drives a 10-year-old Honda City and Pramad, a Hyundai i20.
I love such founders. Venkat is an IIT/IIM grad.
@thaker_shreya I have sort of reached a realisation of allowing my instinct to guide me at that point in time. If I feel the need to focus on being ambitious based on the circumstances around me, my desires at that point in time then so be it. If I feel the urge to slow down then amen to that.
Striking the right balance between being content and at peace versus nurturing my uber competitive and ambitious side has been a dilemma for as long as I can remember. Relatable much?
When we take a Housing Loan of 1 Cr, we end up paying 2 Cr over 15 - 20 years time.
But in our Minds & Subconscious, 1 Cr Registers as Buy Price.
And that's the Beauty of Debt. Feels Right. But Healthy Prime Years Tick By 😀
#FI
You can earn 10X to 20X or even more in one stock over a period of 10-15 years, but can loose only 1X in one stock.
If you can handle your multi-baggers well, loss making stocks are taken care of automatically.
Social media makes you feel you need to have an iPhone, a car, a nice fancy home, run a successful startup, wear designer clothes, and all by the age of 30.
Relax.
You're doing the best you can.