The Young (and Miserable) Multimillionaire

Hi Scott,

My partner and I have followed your advice to a ‘T’ for the last 10 years. We started our own business, worked full time, flipped properties as our side hustle, and aggressively paid down our debt. And it’s worked — we now have $3.5 million dollars, all from nothing. But we hate our life! We are burnt out, stressed out and worn out — and we’re not yet 40. My question is: how much is enough?!

Ellen

Hi Ellen,

Congratulations!

If you own your own home and can live off $100,000 a year in dividends, I’d say you’ve passed the financial finish line.

If so, take a victory lap, spray some champagne around, and prepare to start playing a brand-new game.

You need to start thinking and playing not like a millionaire but like a billionaire.

The most important thing to a billionaire is not money – it’s time – the only thing they can’t buy.

Ellen, you’re already a time billionaire (and so is anyone under the age of 47 … you have, on average, more than one billion seconds left in your life).

In other words, flogging yourself to earn a lot more money from here won’t make you any happier.

So what will?

Having control over your time. That’s real freedom. Investing time in being with your family, in travelling, in trying new and interesting hobbies, and in helping your broader community.

Scott.