I have a friend who is pretty wealthy. I've noticed he spends a fair amount of time worrying that his money is secure. Seems like the ultimate first world problem to me, but it's real.
Seems like the issue is having enough cushion so that your lifestyle is well below your means, so you can invest very conservatively without having to worry about your circumstances changing.
Of course, this can be accomplished by either dramatically increasing your assets, or by dramatically decreasing your expenditures.
Good points. In this case, I was attempting to refer to he's concerned he'll get hacked, or a trusted associate w/ access to the money would run off with it.
Did your friend come up with any solutions to the trusted associate issue? Seems like there are two obvious approaches: the carrot (pay your employees well above market rates) or the stick (a literal stick, in the extreme) to encourage loyalty.
But there are presumably other ways to engineer your account permissions so that one or two rogue associates cannot clean you out?
It's kind of like buying a safe. You can always improve the quality of the safe, but you can't always trust the safe is 100% foolproof. The more you have in the safe, the more you worry there's that one thing you didn't think about that prevents someone from walking away with all the money.
The thing is, the mindset that gets you wealth isn't necessarily the same mindset that makes you realize the true value of it which makes you secure. Non-exclusive sets, I say. There can be two types of people who get to the top.
I have a friend who is pretty wealthy. I've noticed he spends a fair amount of time worrying that his money is secure. Seems like the ultimate first world problem to me, but it's real.