#82 The Different Levels of Wealth - Passive Income MD
#82 The Different Levels of Wealth
Episode #82

#82 The Different Levels of Wealth

I listened to a podcast interview with Stewart Butterfield, the founder of Slack and at the end of it, the host, Guy Raz, asked Butterfield one question about his newfound wealth. “Does that eliminate stress in your life?” Raz asks. “Does that mean that everything is set, everything is taken care of?”

13 Min • November 23

Episode Highlights

I listened to a podcast interview with Stewart Butterfield, the founder of Slack and at the end of it, the host, Guy Raz, asked Butterfield one question about his newfound wealth. “Does that eliminate stress in your life?” Raz asks. “Does that mean that everything is set, everything is taken care of?”

In this podcast, I’ll share with you what he believes are the three levels of wealth in the world.

Now, let’s look at what we discussed in this episode:

  • Butterfield’s 3 levels of wealth
  • My version of the different levels of wealth

Episode Breakdown

[6:14]

The study found that the ideal income for individuals is about $95,000 a year to achieve life satisfaction. And if you want general emotional, good emotional wellbeing, you need to make somewhere between $60-75,000, that’s for individuals.

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