In this episode of Success That Lasts, Jared Siegel explores the paradox of choice and how wealth and success fit into it.
Tune in here, at delapcpa.com/podcast, or wherever you listen to podcasts:
Here are a few highlights:
- The real goal of life should be about flourishing and independence, Jared says. Independence doesn't mean that you'll stop working; it means you only do the work that you like, with the people that you like, at the times you want, for as long as you want. At the same time, flourishing can be defined as a state in which all aspects of life are good, a state of complete and utter well-being.
- We all want wealth and more options. However, successfully navigating the abundance of choices and options created by more wealth while juggling the complexities and stress of wealth requires a certain skill set.
- “Isn't it ironic that within the biggest economy in the world, the wealthiest country in the history of the world with more choices than ever, we're still not happy? More money and more choices alone doesn't actually create more flourishing,” Jared shares. “With so many choices, people are more likely to experience paralysis than liberation.”
- When we have clarity of purpose, it can lead to success; when we have success, it can lead to more options and more opportunities; when we have increased options and opportunities, however, it can dilute our focus, our efforts, and increase our overall stress.
The Paradox of Choice: Why More Is Less
Barry Schwartz: The paradox of choice | TED Talk