March 14, 2022

EP191 - Wealth is Having Few Wants

EP191 - Wealth is Having Few Wants

Good day, my friend. Welcome to A Moment with Moj.

Thank you so much for downloading the show. I'm so happy that we get the chance to start this week together. 

Epictetus is in the house and Epictetus tells us, "Wealth consists not in having great possessions, but in few wants."

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Transcript
WEBVTT 1 00:00:08.480 --> 00:00:15.039 Good Day, my friend. Welcome to a moment with modes. Thank you 2 00:00:15.160 --> 00:00:20.559 so much for downloading the show. I'm so happy that we get the chance 3 00:00:20.679 --> 00:00:26.760 to start this week together. Epic titis is in the House, and epic 4 00:00:26.839 --> 00:00:34.799 titis tells US wealth consists not in having great possessions, but in having few 5 00:00:34.880 --> 00:00:42.399 wants. Wealth is defined in the Oxford Dictionary as an abundance of valuable possessions 6 00:00:42.600 --> 00:00:49.920 or money. The opening line of the wikipedia article on wealth says wealth is 7 00:00:49.960 --> 00:00:57.439 the abundance of valuable financial assets or physical possessions which can be converted into a 8 00:00:57.479 --> 00:01:03.439 form that can be used for transactions. Having a Nice Bank account, a 9 00:01:03.560 --> 00:01:11.079 Nice House and a nice car, stylish clothes, these are all good things 10 00:01:11.120 --> 00:01:17.719 to have, and I wish these things for you, but these things can 11 00:01:17.760 --> 00:01:23.879 come at a cost to and wealth does not necessarily equal happy, at least 12 00:01:25.040 --> 00:01:32.239 wealth measured in this way, in the way that it's defined by the Oxford 13 00:01:32.319 --> 00:01:38.760 Dictionary. Both of these definitions use the word abundance, which means a very 14 00:01:38.879 --> 00:01:48.599 large quantity of something, but they also use the word possession, something that 15 00:01:49.439 --> 00:01:56.920 we own. And if we measure our wealth by possessions alone, what happens 16 00:01:56.959 --> 00:02:01.840 when we no longer have these things. What happens if we lose them or 17 00:02:01.879 --> 00:02:10.039 if someone takes them? I think these definitions of wealth are pretty narrow and, 18 00:02:10.120 --> 00:02:17.960 like epictetus, I believe wealth is more of a mindset then merely having 19 00:02:19.000 --> 00:02:25.199 a good financial asset statement. We live in a society where we're always supposed 20 00:02:25.240 --> 00:02:31.280 to want more, more, more, more money, a bigger house, 21 00:02:31.960 --> 00:02:38.000 a newer car and new phone, and the problem is that as soon as 22 00:02:38.039 --> 00:02:46.719 we acquire that thing that we want, once the buzzwears off, once our 23 00:02:46.960 --> 00:02:53.520 neighbor has a newer car, once our brother in law has a bigger house 24 00:02:53.560 --> 00:03:00.520 than ours, we're no longer satisfied and we're no longer happy, because we're 25 00:03:00.560 --> 00:03:07.400 measuring our wealth in things, things outside of us. The back end of 26 00:03:07.479 --> 00:03:16.360 this quote, having few wants means that we can realize that we don't constantly 27 00:03:16.560 --> 00:03:24.439 need things, new things, bigger things, more expensive things to be truly 28 00:03:24.560 --> 00:03:30.560 happy. We are made wealthy when we have gratitude for all the good things 29 00:03:30.599 --> 00:03:38.120 in our lives that we already have. We are made wealthy by the people 30 00:03:38.199 --> 00:03:45.319 that we become in the pursuit of our goals, not in the external things. 31 00:03:45.439 --> 00:03:47.120 When I look at the people in my life. When I look at 32 00:03:47.159 --> 00:03:54.240 the love that I have in my life, I'm wealthy beyond my dreams. 33 00:03:54.639 --> 00:03:59.479 Stop and take a look around at all the good things in your life, 34 00:03:59.560 --> 00:04:04.080 my bread and I'll bet you'll find you'll discover that you're pretty wealthy. To 35 00:04:04.719 --> 00:04:10.120 carpe momentum. I'll talk to you tomorrow.