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What the Stoics Taught: Shunning the Materialistic Frenzy of Greed

January 23, 2025 By Nagesh Belludi Leave a Comment

What the Stoics Taught: Shunning the Materialistic Frenzy of Greed The Stoics are renowned for their profound insights into the workings of the human mind and their unwavering focus on distinguishing the internal from the external.

Marcus Aurelius, the Stoic Emperor, emphasized that true contentment doesn’t demand much. While modern society often links happiness to accumulating possessions, the Stoics ardently rejected this idea. They believed that genuine serenity and peace of mind result from simplification, not accumulation.

According to the Stoics, a significant portion of our suffering arises from our unrelenting attachment to external things. Seneca asserted, “It is not the man who has little, but he who desires more, that is poor.” Even the poet Tibullus echoed this Stoic wisdom, emphasizing that only the internal world holds the potential to bestow authentic happiness.

Idea for Impact: Rethink why you invest so much time and energy in the pursuit of peace of mind through external symbols like possessions, status, and wealth when what you seek is nestled within your own mind.

The Stoic message resounds clearly: The only things within our control are our thoughts, emotions, desires, and choices—in essence, our inner mental and emotional states. It’s within this realm that we discover the key to authentic happiness and tranquility.

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Filed Under: Living the Good Life, Personal Finance Tagged With: Balance, Materialism, Money, Philosophy, Simple Living

Beyond Money’s Grasp: A Deeper Drive to Success

January 13, 2025 By Nagesh Belludi Leave a Comment

Beyond Money's Grasp: A Deeper Drive to Success

Successful individuals often find themselves driven to excel long after the allure of material rewards has waned. In the early stages of a career, financial concerns often take center stage. Young professionals are preoccupied with using disposable income to repay student loans, cover daily expenses, engage in some indulgent spending, and lay the foundation for financial stability. As their careers progress, however, there’s a noticeable shift in the importance of money. This transformation varies among individuals, but nearly everyone reaches a point where the stress of bills and even luxury desires diminishes, only to be supplanted by a need for what sociologists call psychic income.

For the ultra-successful, wealth accrues at a pace that outpaces practical spending. Their life becomes abundant, yet paradoxically, time feels limited. They have the means to pursue their passions but lack the time to do so. What truly captivates these successful people are factors that transcend monetary gain. Inspiration is fueled by ego, a sense of passion, and personal fulfillment—it thrives on the stimulation of challenges and the sheer joy of the journey. Success is rooted in a sense of mastery, achievement, and making a meaningful impact.

For those still on the path to success, a valuable lesson emerges: what many successful people value about their careers when they’re already successful mirrors the same qualities they sought throughout their professional journey. When climbing the corporate ladder, they didn’t gravitate toward safe, high-paying positions. Instead, they pursued challenging opportunities, and these ventures proved to be profoundly rewarding.

Idea for Impact: Success is a complex and personal concept, shaped by a blend of factors that align with one’s values and aspirations. Once you’re no longer a slave to the coin’s cruel reign, you’ll discover the true wellsprings of inspiration—an invitation to a richer and more purpose-driven existence.

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Filed Under: Career Development, Living the Good Life, Personal Finance Tagged With: Balance, Career Planning, Getting Rich, Happiness, Money, Pursuits, Success, Winning on the Job, Work-Life

Book Summary of Bill Perkins’s Die With Zero

December 28, 2024 By Nagesh Belludi Leave a Comment

'Die With Zero' by Bill Perkins (ISBN 0358099765) Hedge fund manager Bill Perkins’s Die With Zero: Getting All You Can from Your Money and Your Life (2020) emphasizes the unpredictability of life and how wealth can breed attachment. Instead of hoarding resources for an uncertain future, you should focus on maximizing life experiences while you are still healthy enough to enjoy them.

Perkins outlines how priorities shift through different life stages. Many retirees feel unprepared to truly enjoy their golden years, despite having the financial means to do so. Rather than viewing this time merely as a financial reserve, retirees should strive to make those years vibrant and fulfilling. Ultimately, at the end of life, accumulated wealth holds no intrinsic value.

Idea for Impact: Riches alone will leave your stories untold. Balance prudent thrift with meaningful enjoyment of the present by intentionally spending on experiences that align with current means. Don’t keep delaying the good stuff. Live to the core.

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Filed Under: Living the Good Life, Personal Finance Tagged With: Attitudes, Balance, Getting Rich, Goals, Happiness, Money, Personal Finance

On Black Friday, Buy for Good—Not to Waste

November 28, 2024 By Nagesh Belludi Leave a Comment

On Black Friday, Buy for Good, Not to Waste Ah, Black Friday, the annual shopping extravaganza featuring the spectacle of people buying all sorts of gadgets, gizmos, goodies, and gewgaws that they absolutely don’t need—often with money they don’t have!

Let’s not contribute to the throw-away culture, where convenience reigns supreme and responsibility goes out the window. Instead, let’s embark on a different kind of shopping journey—one that’s driven by the desire for simpler, more eco-conscious buying choices.

Idea for Impact: This holiday season, buy consciously by making thoughtful decisions, choosing quality over quantity, and resisting the temptation to snatch up anything that’ll inevitably end up growing dusty, lonely, and unworn at the bottom of a box or confined to a dark corner of your home. Opt for things made to last.

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Filed Under: Living the Good Life, Personal Finance Tagged With: Attitudes, Balance, Clutter, Discipline, Materialism, Mindfulness, Money, Simple Living

How Ads Turn Us into Dreamers

November 27, 2024 By Nagesh Belludi Leave a Comment

How Ads Turn Us into Dreamers through Emotional Baiting Advertisements used to be straightforward, focusing on what a product did and whether you needed it. Simple as that.

Then came a shift—a bit of sleight of hand, really. As consumer culture evolved, advertisers tapped into the power of emotional appeal. With the rise of mass media, lifestyle advertising emerged, connecting products with aspirational images and ideals.

Pioneers like David Ogilvy and Leo Burnett led this change, showing how products could enhance personal identity, success, and social status. Ads for brands like Ferrari and Mercedes-Benz started selling more than just cars—they sold desires like power, achievement, and prestige. The message became, “Own this, and you’ll get that.”

To me, the problem isn’t the desires themselves but the ineffective ways we pursue them. Recognizing what truly fulfills your desires can lead to mindful consumption—you’ll spend in ways that align with your values and reduce impulse buys.

Idea for Impact: Materialism is shallow. The symbols of prestige, security, power, and self-worth—like Chanel, Gucci, and Louis Vuitton—are empty. Unless you project meaning onto them.

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Filed Under: Living the Good Life, Personal Finance Tagged With: Biases, Marketing, Materialism, Money, Personal Finance, Persuasion, Simple Living

The Problem with Modern Consumer Culture

November 20, 2023 By Nagesh Belludi Leave a Comment

The Problem with Modern Consumer Culture: Dissatisfaction Guaranteed The problem with modern consumer culture is that it makes people want things they don’t need. It encourages us to stay on the ‘hedonic treadmill.’ We never tire of pursuing more and more stuff, especially when those around us have more than we do.

A life of excessive consumerism is not the one to choose.

The engine of a consumer society is discontentment. Consumerism and materialism promote dissatisfaction because if people are happy and appreciative of what they’ve got, they’d be less concerned about getting more.

Modern advertising is manipulative. It’s no longer about telling people that a product exists. It’s not about helping consumers respond favorably to an existing need they have. It is now about creating false desires such as for absurdly priced Louis Vuitton products—wants and needs for something they weren’t probably aware of before seeing the advertisement.

Discontentment is the motivation for our restless desire to spend.

Consumerism encourages the relentless accumulation of positional goods.

Goods, often cheaply and readily available to us, are sold not because of their utility but because of the image that they carry (think Marlboro Man.) Advertisers suggest what we’ll be saying to others about ourselves. As soon as we have purchased one thing, the next thing is dangled.

Idea for Impact: Consume Less. Live More.

Folks, be aware of how consumerism touches your life and footprint on the earth’s resources. Ignore advertising. Live the life you want, not the one others would like you to live. More and more is not better if it can never be enough.

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Filed Under: Living the Good Life, Personal Finance Tagged With: Balance, Getting Rich, Materialism, Money, Personal Finance, Simple Living

Having What You Want

May 16, 2022 By Nagesh Belludi Leave a Comment

Wanting is different from having.

Wanting is in the future. Having is here; it’s now.

Wanting is based on what could make you happy in the next minute, next week, or next year.

When you don’t let yourself have what you already have, you’re in a trap of your own making. You’re perpetually restless and disengaged. You aren’t present—you’re pursuing a happiness that’s always somewhere else.

Idea for Impact: Don’t be so occupied wanting the next thing that you don’t allow yourself to enjoy what’s in front of you now. You’ll become more content if you look harder for something to be grateful for in the here and now.

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Filed Under: Living the Good Life Tagged With: Balance, Happiness, Materialism, Mindfulness, Money, Simple Living, Wisdom

Is Dave Ramsey Wrong? Pay Off Your Mortgage as Quickly as You Can?

November 29, 2021 By Nagesh Belludi Leave a Comment

Sure, personal finance guru Dave Ramsey’s advice has encouraged thousands of devoted followers to get out of debt and stop living paycheck to paycheck. Yet, depending on your circumstances, he may be dead wrong on paying off your mortgage early.

A generation ago, mortgage rates were 6–10%. With interest rates that high, paying off your mortgage was a no-brainer. Today, however, interest rates are 2.5–4%, making a different story. You could pay off your mortgage quicker if you’d like. But with the low-interest rates today, you may want to consider investing instead of paying off the low-interest debt. The average stock market return for buy-and-hold investors over the long term is about 7% annually, even after considering inflation.

In sum, Dave Ramsey’s advice just doesn’t make as much sense today with how low-interest rates are comparatively.

But some nuance is in order: Ramsey promotes financial stability. He accepts the risk of missed investment returns in exchange for the guarantee of reduced financial obligations. On balance, investing in the market while carrying a mortgage is tantamount to leveraging debt.

Idea for Impact: Ramsey measures opportunity cost as the difference between paying down your mortgage and the worst-case stock market investment scenario. So, unless you’re extraordinarily risk-averse and can’t take the risk in the market, you shouldn’t pay off your mortgage early. Invest in a low-cost index fund, and don’t let short-term movements sway your decisions.

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Filed Under: Living the Good Life, Personal Finance Tagged With: Balance, Decision-Making, Materialism, Money, Personal Finance

Marie Kondo is No Cure for Our Wasteful and Over-consuming Culture

February 11, 2021 By Nagesh Belludi Leave a Comment

I recently watched Tidying Up with Marie Kondo (2019,) the popular Netflix series featuring the Japanese decluttering evangelist. The show is based on her bestselling manual, The Life-Changing Magic of Tidying Up (2011.)

In each episode, Kondo cheerfully proclaims, “I love mess!” With certain calm, she calls on various families and goes about clearing their tat-filled homes and bringing order to their chaos. Her trademark sense of minimalistic bliss is informed by Japanese aesthetic and a Zen-sense of orderliness.

Apparently, Marie Kondo isn’t attuned with Christianity.

Interestingly, Kondo has clients kneel on the floor and “ask” their dwelling for “permission” and “cooperation” before they get started. “I’d love for you to picture your vision for your home,” she pleads. “Communicate that to your home.” She encourages saying “thank you” to their piles of clothes as they sort and fold them. She daintily treats inanimate objects as living things and speaks to them. She encourages her show’s audiences to do the same.

That’s Buddhism/Shinto in force. Some flavors of native Japanese spirituality focus on inanimate objects’ sacredness. Several of Kondo’s critics in America have insisted that her methods aren’t compatible with Christianity. Kondo’s rituals of treating objects as if they have feelings, these critics have declared, is to be discouraged because her ways invoke animism, the religious notion that objects possess some sort of spiritual essence.

“Kondo-ing” Has Become a Verb.

'The Life-Changing Magic of Tidying Up' by Marie Kondo (ISBN 1607747308) With a translator in tow, Marie Kondo never treats her patrons as victims, and that’s exceptionally impressive.

By eschewing a victim mentality, Kondo encourages and empowers people in a way that actually brings about lasting change. Audiences particularly love her advice on organizing wardrobes and storage spaces and routinizing tasks into maintainable systems.

Kondo emphasizes prioritizing joy. She doggedly insists upon keeping only those objects that “spark joy” (she uses the Japanese intransitive verb “tokimeku,” roughly, “to flicker.”) Her “if in doubt, throw it out” commandment has helped millions of people ward off hoarding tendencies.

Kondo has become a cultural sensation, appealing to all sorts of homes bursting with cheap consumer goods. The “Marie Kondo Effect” is directly responsible for increasing donations to thrift stores and charity shops worldwide.

Keep what sparks joy. Own less stuff. Pursue what’s meaningful.

If you’d like to downsize or declutter without letting go of things you love, take the KonMari method to heart. But don’t go too far. Be careful about shedding items to which you have a deep sentimental connection. Put it into operation earnestly to get rid of clutter. Find joy, significance, and sacrament in simple everyday objects and tasks. Simplifying your priorities and refocus on things that you tend to overlook in the busyness of life.

  • Only Consume What You Need. Supplement the Konmari method of paring down your belongings with the ongoing strategy for minimizing additional purchases. Buy only those things that will “spark joy” and continue to do so for many years. Never mind that the economy depends upon endless undifferentiated consumption.
  • Reduce, but Don’t Refresh. If you have a bunch of empty space, be selective in how you fill it up. Cutting down your possessions isn’t an invitation to revert to a situation where decluttering again becomes necessary after a while. Restrain that impulse to acquire the new and the shiny—that’s what overwhelmed Kondo’s clients in the first place.

The real magic of Tidying Up with Marie Kondo is in shedding anxiety, living in the moment, and being your best self. Your happiest moments come when you’re lost to a conversation or an experience. You’ll avoid the helter-skelter of life has the power to deny and neglect what’s most important in your life.

Will the Marie Kondo Effect alleviate haywire consumerism?

The more profound significance of decluttering and minimalism is to help make better choices when making purchases in the future.

And beyond the individual convenience, it would be more productive to build up collective awareness and confront the modern consumption economy. It only presents overwhelming incentives to mass-produce and overconsume superficially appealing items.

Collectively, humanity needs to start questioning whether we should be pursuing growth at all. The economic system we have now can’t sustain forever. Our ecological systems can only sustain so much life. We’ve grown so much as a population, and we’ve started consuming so much that we’re straining the earth’s ability to support us. Hyperconsumerism needs to stop.

Idea for Impact: Negligent hyper-consumerism is shameful and embarrassing, even to this “card-carrying” capitalist.

Ironically, after making us get rid of everything, Marie Kondo has started peddling such things as therapeutic tuning fork and crystal ($75,) compost bin ($175,) and food storage container ($60) that are guaranteed to “spark joy.”

At any rate, I hope Marie Kondo and her ilk inspire a collective self-loathing at how much we consume. Utility should be the principal criterion for what we buy and keep.

I urge you to make strides towards more mindful consumption and consciously differentiate wants and needs.

Buy what you need. Buy the best quality stuff you can afford, and keep them for longer. Choose things that can be easily repaired—if possible, repurposed and recycled. Encourage businesses that peddle goods that are manufactured as responsibly and mindfully as possible.

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Filed Under: Living the Good Life, Sharpening Your Skills Tagged With: Clutter, Discipline, Japan, Materialism, Mindfulness, Money, Philosophy, Productivity, Simple Living, Time Management

Here’s the #1 Lesson from Secret Millionaires

January 11, 2021 By Nagesh Belludi Leave a Comment

Ronald Read (1921–2014) of Brattleboro, Vermont, worked as a gas station assistant and a custodian at a J. C. Penney store. He was a thrifty man, and he even held his coat together using safety pins. Upon his death, he left $2 million to his stepchildren, caregivers, and friends, and another $6 million to the local library and a hospital. Read had built up a secret wealth by starting small, studying businesses that he understood, buying their stock, and holding them for the rest of his life.

Grace Groner (1909–2010) of Lake Forest, Illinois, lived a frugal life in a small one-bedroom cottage near Chicago. She got her clothes at hand-me-down sales, didn’t own a car, and worked most of her life as a clerk for Abbott Laboratories. Groner willed a $7 million scholarship endowment at Lake Forest College. The money came from three Abbott shares she had purchased in 1935 and let grow, reinvesting the dividends.

Agnes Plumb (1905–95) of Los Angeles left a $98 million estate to four hospitals. Plumb had amassed that fortune after liking cornflakes when they were first marketed and having her dad buy her Kellogg’s shares during the company’s early days. She allowed her investment to compound, and by the time she died, she had accumulated 1.3 million shares of the Kellogg Company. She was collecting some $437,000 just in dividends every three months.

Jack MacDonald (1915–2013) was a coupon-clipping, bargain-hunting Seattle lawyer. He even wore sweaters with holes in them, and people assumed that he was broke. When he died at age 98, he left a surprising fortune worth $187 million to various causes, including Seattle Children’s Hospital.

Kathleen and Robert Magowan (1925–2011, 1925–2010) of Simsbury, Connecticut, died within a year of each other. These twins lived as hermits throughout their lives and built up a fortune through wise stock market investments. They left $10 million worth to various civic institutions.

Curt Degerman (1948–2008) was a can-collecting street bum living in Skelleftea in northern Sweden. For three decades, “Burk-Curt” (‘Tin-Can Curt,’) as he was called, roamed the streets of his town in tattered clothes. In between collecting cans, Degerman spent much time in the town library studying business media and examining the stock market. He used his tin-can incomes to buy mutual funds and gold. When he died, he left more than $1.4 million to his cousin.

Time in the Market is a Great Compounder.

There’s one thing not apparent in these live-modestly-and-invest-prudently anecdotes. The fortunes of these seemingly ordinary, generous folks became so big due in no small part to their age.

With time, money has the chance for a heck of a lot of compounding. Money grows 10.83 times every 25 years if you consider a 10% historical mean return on equities. To take a prominent example, Warren Buffett, who’s now 90 years old, has made 99.7% of his fortune after 52.

Idea for Impact: Time in the stock market is infinitely more important than timing the market. Start investing early. Watch over your health. Live a long life. Grow your money. A long time horizon will enable your investments to grow through the “magic” of compounding.

Wondering what to read next?

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  2. The Problem with Modern Consumer Culture
  3. Yes, Money Can Buy Happiness
  4. Never Enough
  5. How Ads Turn Us into Dreamers

Filed Under: Living the Good Life, Personal Finance Tagged With: Getting Rich, Materialism, Money, Personal Finance, Simple Living

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About: Nagesh Belludi [hire] is a St. Petersburg, Florida-based freethinker, investor, and leadership coach. He specializes in helping executives and companies ensure that the overall quality of their decision-making benefits isn’t compromised by a lack of a big-picture understanding.

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