The Fantastic Life

Independence = The Highest Form of Wealth

I pulled the quick article below from The Hustle because this message is critical to living a Fantastic Life. More than money, independence is the greatest wealth you can achieve.  Here are 3 takeaways:

1—Value independence more than anything else.

2—Doing what you want, when you want, and with whom you want is the most incredible thing money offers. 

3—Living a Fantastic Life is living independently.

This still hits me today as powerfully as it did when I was 16 years old.  I had an issue with my car that I could not afford to fix and it sat for a month while I worked to make the money to fix it.  I vowed to put myself in a position where I would have enough wealth to not be dependent on anyone or any company.  

Spoiler: It was WORTH IT.

The Fantastic Life Rule #2:
Be Crystal Clear on What You Want
I knew at 16 years old exactly what I wanted—I wanted to have enough wealth to be completely independent. I kept that goal at the forefront as I built my life. A Fantastic Life starts with knowing exactly what that looks like for you. 

Independence is the highest form of wealth

By: Morgan Housel | Published on June 30, 2022

I value independence more than anything else in finance.

  • More than I value a big paycheck.
  • More than I value big returns.
  • More than I value any amount of money.

Doing what you want, when you want, with whom you want, is the most incredible thing money offers that too often goes overlooked.

It takes a shift in perspective

Derek Sivers is a successful entrepreneur who founded CD Baby. When a friend asked him to tell the story of how he got rich, this is how he responded:

I had a day job in midtown Manhattan paying $20k per year — about minimum wage … I never ate out, and never took a taxi. My cost of living was about $1000/month, and I was earning $1800/month. I did this for two years, and saved up $12,000. I was 22 years old.

Once I had $12,000 I could quit my job and become a full-time musician. I knew I could get a few gigs per month to pay my cost of living. So I was free. I quit my job a month later, and never had a job again.

When I finished telling my friend this story, he asked for more. I said no, that was it. He said, “No, what about when you sold your company?”

I said no, that didn’t make a big difference in my life. That was just more money in the bank. The difference happened when I was 22.


Viewing every additional dollar of wealth as “a little bit more independence and a part of my future I now own” is a fun way to think about it.

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