Rick Rule - Increasing your utility to others

"When I was about 29 years of age, I was very concerned with making money and my sense of self worth was tied up around money. And my wife convinced me over a fairly brief period of time to stop worrying about that. To start worrying about generating utility for other people. Not how much I made but how much I could help other people make other people.

And she suggested to me that if I did something that I loved that I was competitive at and I didn't worry about making money I just worried about increasing my utility to others [...] That the rest would take care of itself.

And honestly [...] when I stopped worrying at all about making money and started worrying about how my professional career could benefit people that I was working for, my clients, things like that, within a quarter, within three months my fortunes changed dramatically.

The consequence of that is cumulative and compounding. You can't be a capitalist if you don't have capital. And the fact that I started making money allowed me to deploy more money at the same time that focusing on delivering value for others enhanced my reputation."

• Rick Rule, Stansberry Research (2020. Nov. 19. episode)