feeling wealthy has little to do with what you have. It’s more about the gap between what you have and what you expect. And what you expect is driven by what other people around you have
- View Highlight
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- [note::This applies to a lot of internal termoil/feelings of inadequacy]

(highlight:: There are a million ways to get more money. But the only way to feel wealthy is to maintain a gap between what you have and what you expect. The expectation part has to be managed as much as the income part. It’s easy to ignore the expectation part because focusing on the income side alone is much more intuitive.
In 2004 the New York Times interviewed Stephen Hawking, the late scientist whose incurable motor-neuron disease left him paralyzed and unable to talk since age 21.
“Are you always this cheerful?” the Times asked.
“My expectations were reduced to zero when I was 21,” Hawking said. “Everything since then has been a bonus,” he replied.)
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(highlight:: There are four dangerous kinds of success that plant the seeds of their own destruction:
• Mistaking a temporary trend for a competitive advantage.
• Mistaking luck as skill, which increases confidence but not ability.
• Legitimate skill and success that makes you too busy to focus on the skill that once made you successful.
• Legitimate skill that reduces focus and paranoia, when focus and paranoia is what made you successful to begin with.)
- View Highlight
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Jerry Seinfeld said part of the reason he quit his show at the top because the show was based on recreating real events from his and Larry David’s normal life. But they put so much time into the show – and became so famous – that they were running out of material because it had been so long since they’d lived a normal life. It had been years since they could casually watch people order at a deli, or what happens when you board a plane. Jerry had every signal of success – he was offered $5 million per show to stay on another season – but quit because he knew the thing that made the show great was slipping away.
- View Highlight
-

feeling wealthy has little to do with what you have. It’s more about the gap between what you have and what you expect. And what you expect is driven by what other people around you have
- View Highlight
-
- [note::This applies to a lot of internal termoil/feelings of inadequacy]

(highlight:: There are a million ways to get more money. But the only way to feel wealthy is to maintain a gap between what you have and what you expect. The expectation part has to be managed as much as the income part. It’s easy to ignore the expectation part because focusing on the income side alone is much more intuitive.
In 2004 the New York Times interviewed Stephen Hawking, the late scientist whose incurable motor-neuron disease left him paralyzed and unable to talk since age 21.
“Are you always this cheerful?” the Times asked.
“My expectations were reduced to zero when I was 21,” Hawking said. “Everything since then has been a bonus,” he replied.)
- View Highlight
-

(highlight:: There are four dangerous kinds of success that plant the seeds of their own destruction:
• Mistaking a temporary trend for a competitive advantage.
• Mistaking luck as skill, which increases confidence but not ability.
• Legitimate skill and success that makes you too busy to focus on the skill that once made you successful.
• Legitimate skill that reduces focus and paranoia, when focus and paranoia is what made you successful to begin with.)
- View Highlight
-

Jerry Seinfeld said part of the reason he quit his show at the top because the show was based on recreating real events from his and Larry David’s normal life. But they put so much time into the show – and became so famous – that they were running out of material because it had been so long since they’d lived a normal life. It had been years since they could casually watch people order at a deli, or what happens when you board a plane. Jerry had every signal of success – he was offered $5 million per show to stay on another season – but quit because he knew the thing that made the show great was slipping away.
- View Highlight
-