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The speaker argues that unlimited money can breed carelessness and disrespect for the work it takes to earn. A little scarcity, he says, teaches you to value money and builds the discipline to earn it back.
The speaker argues that unlimited money can breed carelessness and disrespect for the work it takes to earn. A little scarcity, he says, teaches you to value money and builds the discipline to earn it back.
We hear a lot about abundance and scarcity when we talk about money, and there's this idea that abundance is good and scarcity is bad. But let me tell you guys, I could have used a little scarcity. I was so freewheeling with my money, I wasn't respecting the power and the hard work that it did take to get that money and the hard work it might take to get it again. So I had zero respect for money.
