A business leader argues that money matters more than hustle culture admits. He explains how poverty is expensive using utility companies that charge reconnection fees, and says leaders should teach younger employees that material wealth is fundamental to survival and growth.
Materially. Let's talk about that one for a minute. How much is enough for you materially? Is the material side important? Because there's a little thing in our culture sometimes people go, "Oh, I'm not in it for the money." How many people in this room are in business? Let's see that again. How many people are in business for themselves? Is the money not important? Of course it is. How many people once thought that though? How many people started their business purely out of passion? "I'm not in it for the money." Couple? Yep. All martial artists start that way. We're so stupid. Oh, I love this, I want to share it with others, and then we learn eventually that in order to eat, we have to take care of the money part. I said earlier, poverty is expensive. Check this out. I don't know if anybody's been through this. I won't ask you to raise your hand or validate this. I've been through this experience. The power company or the phone company, you can't afford to pay your bill, they shut your utilities off. You know what the next thing they do is before they turn the utilities back on? They charge you. Isn't that amazing? You can't afford that particular utility and they charge you to turn it back on. Isn't that amazing? So the person that couldn't afford it ends up paying a jacked-up rate. Poverty is expensive. Let's not go there. The reason I say that is because too many people— and think about this, if you're leaders in your businesses, you have to install this in the younger people in your companies, in your organizations. They've got to understand the importance of the material side. Not at the abandonment of the others. Balance.
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