• What's It to You?

    2 Minute Breakdown Vol 10

    I read in an article, Morning Brew issued on 12/3/2019 to be exact, the percentage of wealth given in 2018 by some of the richest people in the U.S. I'm not sure the exact meaning of wealth in the report but I think it has to do with the amount of money they gave in 2018 versus their overall current net worth. The article said in 2018:

    Warren Buffett gave 3.9% of his wealth
    Bill Gates gave 2.6% of his wealth
    Michael Bloomberg gave 1.5% of his wealth
    Mark Zuckerberg gave 0.7% of his wealth
    Jeff Bezos gave 0.1% of his wealth

    My question is, what's it to you? To be more clear, why do we care so much about other people's money? Don't get me wrong the information is out there and is fine to report. But what sense does it make to know how much someone else is worth in dollars or they gave if you don't know how much you make or gave?

    It's easy to look at what others are doing and get distracted from what you are doing. Good financial information you should know is: "On average, how much do I spend on groceries per month?" "How long will it take me to pay off this debt and what can I do to speed the process?" or "How old do I want to be when I retire?"

    It's cool and even inspiring sometimes to watch others do things with wealth. But at what point does that inspiration turn into cloud watching? Instead take control of YOUR financial future. If I had to guess I'm sure the names above did. So, the next time you get consumed with others wealth, ask yourself, "What's it to you?" and get back focused on your purpose.

    Picture credit: here & YouVersion Bible

    Post a Comment





    +1 785-430-6312