There is an unhealthy desire for prestige and money that is ruining people’s lives.
The desire for prestige and money is why we: 1) spend an outrageous sum of money on education, 2) kill ourselves at jobs we don’t like, 3) put up with colleagues and bosses we despise, 4) never pursue our dreams, 5) neglect our children, and 6) eventually fill our hearts with regret.
If we can figure out how to rid ourselves of the desire for prestige and money, we will become much happier in the process!
After all, consistently feeling happy and having a sense of purpose may be what life is all about.
One Man’s Desire For Prestige And Money
Years ago, I was attending Finovate, a financial innovation conference, I met a fintech entrepreneur named John. He told me his revolutionary idea was to simplify the documentation gathering process for people looking to refinance or get a new mortgage. As anybody who’s ever taken out a mortgage can attest, it’s a real pain in the ass.
I was intrigued since I’ve done about 10 refinances on four properties since 2003. I planned to refinance one last time when I met him. But when John showed me his product, it still required the user to upload all of the docs the bank wanted onto his website. Further, there are always additional document requests from the bank to upload on his platform after that. What’s the point?
Creating an unnecessary barrier between consumer and lender didn’t seem like a good business idea. At least John was trying to solve a problem. I thanked him for his time and wished him well.
Then just the other month I ran into John at another fintech conference. I tend to go once a quarter with a free media pass. Otherwise, I’d go less often because these tickets cost anywhere from $300 – $2,000 each!
Running conferences during the internet boom is akin to being a landlord. It’s one of the best ways to profit.
I asked John how his product was doing, and he said that he’s looking to hire a CEO with more product experience. One guy slipped away thanks to an offer from Google, but another guy was close to joining.