Millionaire Gives Up Home & Possessions In Exchange For Happiness @senseicat

Jeff Altucher, author and entrepreneur gave away everything he owned and decided to live as a nomad.

His efforts was to seek true happiness and he says that he achieved increased creativity and contentment by giving up all of his possessions.

His current possessions, all 15 items, are carried in a small bag and it includes a "laptop, iPad, three sets of chinos, three T-shirts and a Ziploc bag filled with $4,000 worth of $2 bills (“People always remember you if you tip with $2 bills.")

He felt that his lifestyle was a sham so his ambitions is "to have no ambition."

He refers to college as "a waste of money" despite having graduated from Cornell.

In the book he authored, "40 Alternatives to College,” he says, "young adults could travel the world, educate themselves online and start a business with the same $200,000 they may spend on college."

In Choose Yourself book, he mentions that investing the money with even a 5 percent return would offer greater financial benefit over the course of a lifetime.

He also believes homeownership is a rip-off and that “Nobody should put more than 5 to 10 percent of their portfolio, their assets, in any one investment."

Furthermore, he thinks stocks are also a racket.

As a millionaire, he spent 1.8 million on a loft and flew on a helicopter for weekend getaways. Regardless of his lavish lifestyle, he felt poor and "felt like I needed 100 million to be happy."

He invested in a variety of companies and nothing worked out so he read investment books and focused on the stock market. Unfortunately, he lost everything during the 2008 financial crisis.

Source:

www.thegoodnewsnetwork.com

www.newyorktimes.com

Money Does Not Buy Happiness @senseicat