Having Money is Fun

How the Wealthy Avoid Taxes

There was a football player named Zlatan Ibrahimovic, a Swede with a stern look, who played for FC Barcelona for a season during his professional career. During his time there, he met Gerard Piqué, one of the most high-profile players of that era.

Piqué is a finance enthusiast. He now owns a company that manages various sports and e-sports businesses, including the Davis Cup in tennis. Back then, he was "just" a player for FC Barcelona. One day, while talking about money, Piqué said to Ibra, "Money is important." To which Ibra responded, "Having money is not important, having a lot of money is important."

It turns out that despite his stern look, the Swede was a wise man.

Why am I telling this story? It's simple. A few days ago, I listened to an interview with Scott Galloway, an American author who promotes happiness. He believes there are several pillars of happiness, including relationships, health, and wealth.

In the interview, he emphasized the importance of wealth and discussed the (legal) methods people use to accumulate a lot of money.

He mentions a very simple formula to achieve financial independence and escape the rat race.

But before that, he talks about how appealing it is to have money. He reiterates that money shouldn't be an end goal; it's a means to fulfill the other aspects of the equation: health and relationships.

Scott mentions that his father is about to turn 94 and has a caregiver every day of the year, costing around $250k annually. This would be unimaginable for 99% of the world's population. However, if you have a good relationship with money, it shouldn't be a concern.

Additionally, he talks about having plenty of time to watch his children grow, play with them, and watch football with them...

As Zlatan (Ibrahimovic) said, "Having a lot of money is important."

Now, let's discuss an equation Scott shares on how the wealthy use legal limits to significantly improve their lives.