Felix Dennis: Wealth Preservation
on Sunday, October 24, 2021Felix Dennis Money Quote saying that unless you’ve stopped working altogether, that making money is a great way to preserve wealth. Felix Dennis said:
“Unless you are completely retired, earning money is the best form of wealth preservation” — Felix Dennis
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In this quote, Felix Dennis seems to be emphasizing the importance of continued income generation for maintaining one’s financial prosperity and security over time. The best interpretation is:
- Dennis states that as long as one is not fully retired, actively “earning money” through work, business ownership or investments is the most reliable means of “wealth preservation.”
- He implies that relying solely on existing assets or savings carries more risk of depletion from inflation, taxes, expenses or market volatility compared to earning a living.
- Dennis appears to believe maintaining revenue streams is crucial for sustaining wealth, as it provides new inflows to offset costs and replenish resources on an ongoing basis better than passive assets alone.
Overall, the quote conveys Dennis’ perspective that as long as retirement has not begun, the surest path to preserving one’s prosperity is through ongoing income generation activities that supplement existing wealth, rather than assuming current assets in isolation can reliably maintain one’s standard of living long-term according to his view on optimizing long-run financial preservation.