Finding True Happiness: How Much is Enough?
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Chapter 1: The Quest for Authenticity
In this segment of "The Authentic Experience," Sean Michael Lewis delves into the complexities of entrepreneurial authenticity. A question that has preoccupied my mind over the past year is: What does it mean to have enough for genuine happiness?
Throughout my career in various organizations, I was constantly surrounded by ambitious multi-million dollar revenue targets. It often felt like there was no limit to how high these goals could soar. However, the journey of launching my own business and nurturing it from the ground up has been eye-opening. Witnessing over a million dollars flow into my account was almost surreal.
Yet, hitting that million-dollar mark does not equate to having a million dollars available for personal use. When I founded Tier Level, LLC nine years ago, my motivation centered on the thrill of entrepreneurship—building a team, boosting revenue year after year. The excitement of relentless growth was invigorating.
Reflecting on my journey, I realize my perspective has evolved significantly. While I still find satisfaction in expanding a business, today, I am more enthralled by profitability.
I often wish I had discovered "Profit First" by Mike Michalowicz earlier in my career. This transformative book, discussed further below, introduced me to a financial framework that prioritizes profit.
In the initial stages, having a healthy six-figure balance in the company account was exhilarating. I could easily book spontaneous flights and trips without financial concerns. Nevertheless, there was always more work awaiting me, regardless of the allure of adventure.
As my team and revenue expanded, so did expenses and other financial obligations. Although I relished the rapid growth, I now recognize that I found greater happiness and financial stability during our smaller-scale operations.
Currently, as I draw a living wage from the profitable company I’ve built, I feel the urge to embark on a new venture with a clearer profit-first approach.
But how do we define "enough"?
This figure will differ for everyone, but I’d like to share my viewpoint. To me, enough means possessing assets such as real estate, strong investments, and savings that allow me to travel, create memorable experiences with family, or make special purchases without worry. My focus has shifted toward cultivating sustainable, debt-free income streams rather than merely chasing larger revenue targets.
Making wise investments is essential because the future is unpredictable. My priority is ensuring my daughter is well-prepared for college and has a solid foundation for her future. I also want to instill in her the values of hard work and wealth-building.
What does "enough" signify for you? I welcome your thoughts on this subject. The journey to find fulfillment and satisfaction amid success is one we all share.
Sean Michael Lewis
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Chapter 2: Insights on Happiness and Wealth
In the video titled "How Much Money You Need to be Happy (it's less than you think)," the speaker shares intriguing insights on how money impacts happiness and reveals that the required amount may be surprisingly lower than many assume.
The second video, "How much money is enough to be happy | Ravi Venkatesan," explores the relationship between financial stability and personal happiness, offering a thought-provoking perspective on what constitutes enough money for a fulfilling life.