Nassim Nicholas Taleb: Salary Addiction
on Thursday, September 17, 2015Nassim Nicholas Taleb Money Quotation saying something few of us take the time to consider, regular paychecks can be an addiction. Nassim Nicholas Taleb said:
“The three most harmful addictions are heroin, carbohydrates, and a monthly salary” — Nassim Nicholas Taleb
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In this provocative quote, Nassim Nicholas Taleb is drawing a comparison between dangerous addictions and unhealthy financial dependencies. Regarding “heroin and carbohydrates,” he is referring directly to substance and food addictions that can damage one’s health.
But “a monthly salary” also represents an addiction of sorts, according to Taleb. His view seems to be that relying on steady paychecks as one’s sole source of livelihood makes a person overly risk-averse and averse to opportunities that could provide outsized gains.
Taleb implies that depending on a reliable monthly wage can discourage entrepreneurship, risk-taking and long-term wealth building in the same way addictions discourage bettering one’s situation.
The quote encourages exploring alternative means of generating income that are less rigid than strict reliance on a recurring paycheck.
By Pictures of Money on Flickr
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