'Being rich' is an empty goal, says the founder of a popular finance website — and too many people are completely missing the point of building wealth

"'Being rich' is among the most empty goals a person can have," the tweet reads."Accumulating money for the sake of a number misses the point entirely — life should be treated as a story you are writing, and money should be the ink that helps you write, not the story itself."

"Essentially, I think in this country we put an enormous premium on the accumulation of wealth as an isolated achievement — the lists ranking the X wealthiest people, the constant focus on celebrities' net worth, the obsession with displaying personal wealth on social media — and this creates a perception that the number itself is in some way a goal," Chelsea Fagan, co-founder of The Financial Diet, told Business Insider.

Money, according to Fagan, should be viewed as a way to facilitate a good life that provides things like security, comfort, freedom, options, and, occasionally, risks — not as a material to be hoarded.

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Investors Handed an Oilman a ‘Blank Check’ Company. Here’s How It Turned Out.Two years ago, investors handed veteran oilman Jim Hackett a $1 billion check and sent him to seek riches in shale drilling. Today, the company he founded with their money is teetering on financial ruin. The Murdoch’s The DeVos’ The Walton’s How much did they give away to Enron’s teenage daughter?😂 They could never earn my alpha. Its easy to see why the social mobility of capitalism is a fearful thing to them🙄💸 They sqaunder their wealth. They don’t build it. maggieNYT Why retweet something you have to be a subscriber to to read? maggieNYT
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