A quick announcement before I begin today\u2019s post \u2013\u00a0My new book, Boundless<\/em>, is now available for ordering!<\/strong><\/p>\n After a wonderful response during the pre-order phase, I finally have the book in my hands and am shipping it out quickly. If you\u2019d like to get your copy, click here to order now<\/a>.<\/strong> You can also enjoy lower prices on multiple-copy orders.<\/p>\n Plus, I\u2019m offering a special combo discount<\/strong> if you order Boundless<\/em> along with my first book, The Sketchbook of Wisdom.<\/em> Click here to order your set<\/a>.<\/strong><\/p>\n I am writing this series\u00a0of letters on the art of investing, addressed to a young investor, with the aim to provide timeless wisdom and practical advice that helped me when I was starting out. My goal is to help young investors navigate the complexities of the financial world, avoid misinformation, and harness the power of compounding by starting early with the right principles and actions. This series is part of a joint investor education initiative between Safal Niveshak and DSP Mutual Fund.<\/em><\/em><\/p>\n Dear Young Investor,<\/p>\n I hope you are doing well, and that the lessons we have covered so far have helped you in guiding you through the early stages of your investing journey.<\/p>\n In today\u2019s letter, I wanted to take a bit of a detour and talk about something you might not expect to hear from someone who writes about investing.<\/p>\n It\u2019s that money is a trap.<\/strong><\/p>\n Of course, not a trap that keeps you poor, but one that gets hold of you after<\/em> you have enough. The one that convinces you that more<\/em> is always better, that financial success is the ultimate goal, that the next zero in your bank account will finally make you feel complete.<\/p>\n It\u2019s a cruel joke.<\/p>\n One that many only realize too late\u2014when they have everything they ever wanted, and yet, somehow, it\u2019s still not enough<\/em>.<\/p>\n You see, we\u2019re sold this idea from childhood\u2014study hard, work smart, climb the ladder, and one day, you\u2019ll have enough money to be free.\u00a0<\/p>\n Free from stress, free from obligations, free from anything that feels like work.<\/p>\n But what happens when you reach that point and still feel empty?<\/p>\n <\/p>\n The problem with money is that \u201cenough\u201d is an illusion. Ask someone making \u20b950,000 a month what number would make them truly happy, and they might say \u20b9100,000. Ask someone making \u20b9100,000, and they\u2019ll say \u20b9500,000. Push that further, and you\u2019ll hear \u20b91 crore, \u20b95 crore, \u20b910 crore.<\/p>\n Worse, in today\u2019s world, people are openly flaunting their income and net worth on social media, which, I\u2019m sure, leads to many people watching them feeling inadequate and not having enough, sometimes even when they do.<\/p>\n It never ends.<\/p>\n There\u2019s a reason why some of the wealthiest people in the world keep working\u2014because the game is never over. The finish line keeps moving. Some are, of course, driven by passion. But a lot are driven by the need to hoard more, and more, and more.<\/p>\n If money alone could buy happiness, billionaires would be the most joyful people on earth. Instead, they are often some of the most restless. They make bigger houses (one in my city cost $2 billion to make), take grander vacations, arrange lavish weddings, and chase the next high\u2014only to realise that every new milestone feels just like the last one.<\/p>\n It\u2019s the hedonic treadmill at its finest.<\/p>\n Don\u2019t get me wrong here. Money is <\/em>freedom. It can help you buy security, relieve stress, and open doors.\u00a0<\/p>\n But beyond a certain point, money can start to isolate.<\/p>\n It creates a distance between you and the real world.<\/strong> I have seen it personally in my extended family\u2014how wealth, instead of bringing people together, builds invisible walls. Some don\u2019t break for generations.<\/p>\n Also, when you can afford anything, little has real value. Food doesn\u2019t taste as good when every meal is a luxury. Travel feels dull when every destination is accessible.<\/p>\n Another way money becomes a trap is when it removes the struggle that makes achievements meaningful.<\/strong> If you can buy your way out of every inconvenience, you lose the satisfaction of overcoming. Life becomes easier but not necessarily richer.<\/p>\n This is my biggest worry with this entire idea of building \u201cgenerational wealth.\u201d Too much of it can leave the next generation with financial richness, but also with the poverty of imagination, courage, and enterprise.<\/p>\n Another trap money creates is that it makes you question what to do next. <\/strong>Imagine if work was only about making money, then what happens when you don\u2019t need to work anymore? What drives you? What makes you wake up in the morning?<\/p>\n At a certain level of wealth, people stop playing for money and start playing for meaning. The ones who don\u2019t? They keep chasing zeros, hoping that somewhere along the way, happiness will catch up to them. Sadly, it doesn\u2019t always happen.<\/p>\n Like, read this letter from Jake Kassan, the founder of watch, eyewear, and accessories company MVMT, who sold it for $100 million in August 2018 to watchmaker Movado and then vented his emotions on Reddit\u2014<\/p>\n Some eye-opening lessons, right?<\/p>\n Kassan is now 33 and, in an interview recently, said, \u201cI can\u2019t buy more peace of mind. That\u2019s my relationship with money. I\u2019m grateful for it, I appreciate it, and I\u2019d rather have it than not\u2026 but it won\u2019t make me a happier person.\u201d<\/p>\n Now, you don\u2019t have to have a high net worth or be ultra-rich to experience this paradox of luxury, just like Kassan. Even small upgrades in lifestyle can reveal the trap.<\/p>\n For example, when I bought a Honda City in 2015, suddenly, my Maruti Alto (my original dream car) felt inadequate.<\/p>\n When I moved into a bigger house in 2018, suddenly, I needed more things to fill it.<\/p>\n When I started travelling 2AC on the train, suddenly, 3AC felt unbearable (though I still prefer train travel to flight travel any day!).<\/p>\n Every level of financial success brings new expectations, new comparisons, and new dissatisfactions. The more you have, the more it takes to feel excited again.<\/p>\n This is a masterpiece. <\/p>\n \u2013<\/strong> Morgan Housel, Author, The Psychology of Money<\/strong><\/p>\n<\/blockquote>\n<\/div>\n So, what\u2019s the solution to avoid the money trap?<\/p>\n To each his own, but I think one probable solution is to redefine wealth beyond money.<\/strong>\u00a0<\/p>\n True wealth is health, relationships, freedom, and purpose. Use money just as a tool; don\u2019t make it the<\/em> goal.<\/p>\n Another solution is to find meaning outside of accumulation. <\/strong>If the only reason you\u2019re working is to make more money (and so you can talk about it), you\u2019ll never know when to stop. So, find work that matters beyond the money it can earn you.<\/p>\n A third solution is to embrace your financial limitations and constraints. <\/strong>Why? Because sometimes, the happiest moments come from not having everything at your fingertips. I can say this with experience, having grown up in the India of 1990s.<\/p>\n Those were times when we generally had a single bicycle in the neighbourhood, which meant every kid took turns riding it. Or when Sunday\u2019s episode of Mahabharat<\/em> or Shaktimaan <\/em>was the most exciting event of the week? Birthdays meant homemade cake, and a new comic book\u2014Tinkle<\/em>, Champak<\/em>, or Chacha Chaudhary<\/em>\u2014felt like a treasure. Ice cream was a special outing, not a daily indulgence. Family vacations weren\u2019t international getaways but road trips to a relative\u2019s house, packed in an Ambassador or a Maruti 800, where the journey was half the fun.<\/p>\n We didn\u2019t have everything, but we had enough. And somehow, that made everything more special.<\/p>\n Lesson? Scarcity creates appreciation. Struggle makes achievements meaningful.<\/p>\n So, finally, if there\u2019s one lesson I want you to take from this, it\u2019s this: money is a wonderful servant, but a terrible master<\/strong>.<\/p>\n As an investor, you\u2019ll spend years thinking about building, protecting, and growing your wealth. But don\u2019t forget to ask yourself: what is it all for?<\/em><\/p>\n There\u2019s a moment when enough should be enough. The problem is, most people never define where that moment is. They keep running, keep climbing, keep chasing.<\/p>\n But the real winners are those who know when to stop and when to step off the treadmill and start living.<\/p>\n If you don\u2019t decide how much is enough, the world will decide for you\u2014and the answer will always be more<\/em>.<\/p>\n Remember, your greatest investment won\u2019t just be in stocks, businesses, or real estate. It will be in the life you build beyond money.<\/p>\n Choose wisely.<\/p>\n Until next time, P.S. <\/strong>Want to leave you with a passage from my book Boundless<\/a>, from the chapter on Joseph Heller\u2019s lesson on what it means to have \u201cenough\u201d\u2014<\/p>\n![\"\"](\"https:\/\/safalniveshak.wpenginepowered.com\/wp-content\/uploads\/2025\/01\/Boundless-Form-Banner.jpg\")
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\nThe Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life.<\/h2>\n
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Vishal<\/p>\n
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