Only the wise are rich

Cicero was a funny guy. He used an old-school trick to maintain his financial freedom, which was the Roman version of house hacking - to have a lot of property out for rent. 

He was obsessed with how he should furnish his villa and which statues to buy. 

This was a fellow who did not live as he learned. His writings are confusing. Once when war called for duty, he escaped it by calling home sick.

He wrote about the stoics, and about stoic paradoxes, and sometimes he hit close to home. Perhaps because he could draw on personal experience of how paradoxical human behavior can be.

One of his paradoxes are: All Fools Are Mad. Only The Wise Are Rich.

Only The Wise Are Rich

We think that there's something creepy with the Rich Dad, Poor Dad kind'a'guys. Of course, a Poor Dad is doing something wrong with neglecting money all together, and we've been there. 

But someone who just want to amass as much money as possible, to the detriment of one's tranquility of mind or, worse, one's core moral values? 

A man, like Cicero, obsessing about buying the right statues to his villa. Is that person really wise? And if he's not, can one say that he's rich?

This question is tangible for us. 

We start to seriously leave the basic level of lean financial independence. But what after that is enough? 

Well, we add some safety margin. For instance, like Cicero's mad man, only a fool would assume that the highest mountain he has seen is the highest mountain (or financial crash) there is.

But after that safety margin? At a certain point, perhaps for us around USD 2-3 millions, there's a new level, the point where someone that are used with our level of expenses just can't spend the money on a monthly basis (unless we buy something very expensive or give the money away). 

For us, at that point of a few million dollars, we could always do whatever we could imagine; renting whatever car we wanted, travel from Sydney to Bali to a chalet in the Swiss Alps, hang out with the jetsetters, go to our conferences, meet the people we like all over the world - indefinitely, month after month - as long as we are at least reasonably conscious about the price and not paying over-prices. 

All experiences that we could imagine would be financially feasible without end.

This is of course what we want to do anyways, but with moderation. The key difference is the 'without-end'.

By just adding a little extra we could achieve all experiences we've imagined, forever, for as long as we want. 

Is it worth to work 3 more years to get to that point? Or should we use the last years of our relative youth to concentrate on for instance more health? Or can we do both?

Heli-skiing with the jet set bunch
Picture by Zach Dischner

And what comes after that? Are we becoming the Rich Dad, the mad fools? Appetites are insatiable. The financial independence community would agree with Cicero here; all fools are mad.

We are always at risk to become slaves to our appetites, be it the inferiority complex of the buyer of yachts and castles, the fear of having a too small safety margin of the too neurotic, the lack of imagination of the one that is forever stuck at the desk with the paycheck.

There's a point, where it is much more important to work on one's wisdom, rather than one's riches. 

Farewell,

//antinous&lucilius