When Is Enough Enough?
Summary
- Charlie taught me the value of knowing when enough is enough; he passed away with a net worth of a couple billion dollars but spent his life giving a vast amount of it away.
- I've learned the importance of giving while still alive, much like Charlie did, so that I can see the impact of my generosity in action.
- To date, I've given away about $25 million, which includes $3 million in donations.
- I contemplate the power of compounding, recognizing that $3 million could grow exponentially over 60 years, but the joy of giving now outweighs waiting until death to donate.
- By giving away money now, I get to experience the joy and fulfillment from witnessing the positive changes my contributions make.
Video
How To Take Action
I would suggest learning to understand when enough is enough, just like my friend Charlie did. He had a couple of billion dollars but chose to share his wealth during his life. This way, he got to see how his generosity helped others. To put this into action, start by deciding what "enough" means for you. It doesn't have to be a lot. It's about feeling satisfied and not always wanting more.
A good way of doing this is by giving while you're still alive. You don't need millions. Even a small amount can make a big difference. For instance, you could donate time or money to a local charity or help someone in your community. The key is to see and feel the impact of your actions. This brings joy and fulfillment now, not just when you're gone.
Think about the power of compounding. Sure, money can grow over time. But I’ve learned that seeing the change I can make today is more rewarding than imagining what could happen in 60 years. So if you have something to give, don't wait. Share a piece of what you have now. Volunteer, mentor someone, or support a cause you believe in.
Take these steps to make your giving personal:
- Define what enough wealth or success means to you.
- Decide on a cause or a way you want to help others.
- Start with something small. Any act of kindness can lead to big changes.
- Watch how your actions help people. It's the best reward.
By doing this, you get to experience the happiness that comes from giving, just like Charlie—and me—have.
Quotes by Alex Hormozi
"Charlie's been so good at is he just knows what enough is enough"
– Alex Hormozi
"He died at a couple billion dollars net worth"
– Alex Hormozi
"he gave away a huge amount of his money throughout his entire life"
– Alex Hormozi
"he did it while he was alive so he got to see the benefit of his giving"
– Alex Hormozi
"giving while you're alive"
– Alex Hormozi
Full Transcript
one of the other things that Charlie's been so good at is he just knows what enough is enough he died at a couple billion dollars net worth he gave away a huge amount of his money throughout his entire life he did it while he was alive so he got to see the benefit of his giving Which is I would say subo of something that I've learned from Charlie giving while you're alive right now I've probably giv away $25 million maybe $3 million in donations throughout my life up to this point and I think about man $3 million compounded over the next 60 years imagine how much money I gave away yeah but if I wait until the moment I die to give my money away then and I lose that on all the benefit of watching the good that the money does
