Chase the Money = Unhappiness? 😢

In his candid reflection, Matt Haycox offers a refreshing perspective on the pursuit of wealth and happiness. Beyond the allure of material abundance, he emphasizes the importance of seeking fulfillment beyond financial gain. While acknowledging the natural desire for financial security, Haycox suggests that true happiness lies in a balance of various life aspects. Through personal anecdotes of acquiring luxury possessions, he poignantly illustrates how the initial thrill often fades quickly. Ultimately, Matt urges against solely chasing monetary goals, highlighting the necessity of other sources of joy and purpose in life.

Timestamps
0:00 - Intro
0:13 - Networking
1:09 - The Ability to Raise Finance
2:25 - Doing More
3:02 - Conclusion

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Connect with Matt Haycox, No BS Business Podcast Host & 8-Figure Entrepreneur.

I’m Matt Haycox, entrepreneur, investor, and your straight-talking guide to building a business that actually works. I’ve raised over £750M, built (and rebuilt) 8-figure companies, and learned the hard way what it really takes to win.

On No Bollocks with Matt Haycox, I cut through the bollocks to bring you raw conversations with 7–8 figure founders, investors, and experts who’ve been there, done it, and got the scars to prove it. No hype, no theory, just actionable strategies you can use today to start, grow, and scale your business.

Whether you’re stuck in your 9–5, building your side hustle, or trying to hit your first £100k month, this is your go-to podcast for entrepreneur tips, startup growth strategies, raising capital, building a personal brand, and avoiding the costly mistakes most founders make.

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Chapters

• 0:00 Intro
• 0:13 Networking
• 1:09 The Ability to Raise Finance
• 2:25 Doing More
• 3:02 Conclusion

Transcript

I've been asked about golden nuggets

for people dreaming of a millionaire lifestyle,

but I actually think, you know, it's the wrong question.

If you want true success,

if you want true happiness, and ultimately if you want

true financial success as well,

I think if you've got nothing else to chase

other than chase the money,

then you are going to be very unhappy.

you've probably heard this kind of thing said before as well.

And I know it's very easy to look at someone like me who's got money and say, it is easy for him to say money doesn't matter because he's got it.

But, you know,

if you haven't got it, then it probably feels a lot more important.

But it really is true that

once you hit a certain level of money to cover your needs, to make sure there's a roof over your head, to make sure there's a car and you know, you've got a couple of holidays

whatever the kind of, you know, acceptable minimums are that you need

the next levels of money

don't bring

the material levels of happiness increase

that you think they will do.

I mean, I look at all the fancy things that I've bought over the years,

and honestly, the novelty of them has worn off

24 hours, 48 hours after buying them,

Ferraris, Lamborghinis. I've always wanted these cars. I buy them,

genuinely, I drive them once, twice and I'm completely bored of them.

Literally three weeks ago, four weeks ago,

I love my watches.

You know, anyone who knows me knows I've got a pretty decent watch collection.

I've always wanted a Richard Mille. Never had one.

I bought one a month ago.

$300,000 watch,

which again at the time felt like

this pinnacle of financial achievement.

But I've put it on my wrist. Yeah, I love it. It's a nice watch. But honestly,

the feeling of that excitement and desire

just disappears.

So I think I may not be answering the question in the way it was asked,

but don't chase purely the financial desire. Listen, we all want money. I want money, too.

But you've got to have otherwise you've got to have other reasons and other things that are going to make you happy,

because without any of those, the money itself will never work