Spending Now to Increase Your True Wealth Forever with Michael Ellsberg
Episode description
Michael Ellsberg, author of The Education of Millionaires and The Last Safe Investment joins us to discuss how we can spend how to increase our true wealth forever and develop superskills to increase our earning.
Highlights
- Prioritizing the mark you want to leave on the world
- How the need for safety drives so many of our decisions
- Learning to act on our “lightbulb” moments
- Why our current retirement system doesn’t work
- The concept of systemic spending
- “Super skills” that help you increase your earning
Quotes
There are so many options for exploring yourself and finding what you want to do other than college
College is a broken system that needs to be reimagined from the ground up
It’s not just your bank account that’s going to give you happiness, security, and freedom
It’s actually easier to earn more than save more
One of most basic ways to increase your income is to increase the span of your working life
Michael Ellsberg is the author of “The Last Safe Investment: Spending Now to Increase Your True Wealth Forever,” and The Education of Millionaires: It’s Not What You Think, and It’s Not Too Late, both published by Penguin/Portfolio.
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