Yuval Noah Harari

How many young college graduates have taken demanding jobs in high-powered firms, vowing that they will work hard to earn money that will enable them to retire and pursue their real interests when they are thirty-five? But by the time they reach that age, they have large mortgages, children to school, houses in the suburbs that necessitate at least two cars per family, and a … [ Read more ]

Ryan Avent

People, essentially, do not create their own fortunes. They inherit them, come to them through the occupation of some state-protected niche, or, if they are very brilliant and very lucky, through infusing a particular group of men and women with the germ of an idea, which, in time and with just the right environment, allows that group to evolve into an organism suited to the … [ Read more ]

Ryan Avent

The wealth of humans is societal. But the distribution of that wealth doesn’t rest on markets or on social perceptions of who deserves what but on the ability of the powerful to use their power to retain whatever of the value society generates that they can.

That is not a radical statement. People take what they can take, and it is only the interplay of countervailing … [ Read more ]

Alan Weiss

Money is not wealth. Discretionary time is wealth. You can always make more money. You can’t make more time.

Seneca

For many, the acquisition of wealth does not end their troubles, it only changes them.

Morgen Witzel / Confucius

Confucius was once asked what should be done for the betterment of the people. His answer was to do two things: educate the people and make them wealthy. Education bred an understanding of the uses of wealth; wealth made possible the benefits of education, and both led to personal development.

Stephen Swid

Being rich is having money. Being wealthy is having time.