Most Important Concepts

Action Points

Chapter Recap

1 - One thousand years of wisdom

• When asking 90-year olds for life wisdom, hardly anyone mentions money.
• Money improves overall happiness at lower levels of income by reducing fundamental burdens and stress. At these lower levels, money can buy happiness.
  • If you have an income above these levels and are unhappy, more money is unlikely to change that.
  • If you have an income above this baseline and are happy, more money is unlikely to drive increasing happiness.
• Your wealthy life may be enabled by money, but in the end, it will be defined by everything else.

2 - The five types of wealth

• If you do not change direction, you may end up where you are heading.

3 - The wealth score

• Time: 4+2+3+4+4= 17
• Social: 3+2+2+1+4= 12
• Mental: 3+4+4+4+2= 17
• Physical: 3+1+2+4+3= 13
• Financial: 3+3+1+2+3= 12

4 - The life razor

5 - Your true north

• There will be seasons of growth and seasons of maintenance for each type of wealth.

Time wealth

6 - The big question