Joseph Mansueto: My Kinda Guy!

Joe Mansueto Morningstar FounderI was reading Forbes Magazine today and came across an interview with Joseph Mansueto, founder and CEO of Morningstar, that struck my fancy.

His answers to the following question depicts my thoughts exactly:

To me, money is…independence. It gives you freedom to do what you really want to do. It allows you to not be dependent on anyone or anything, and so you can be yourself and follow your passion. No one can tell you what to do or push you around. It gives you a secure feeling. That’s the best thing about money.

I’m not an overly material person. Sure, I like certain comforts in life. But buying a lot of “things” doesn’t produce happiness for me. In some cases, it’s almost the opposite: Buying a bunch of expensive objects just requires more upkeep and creates more hassles. It adds clutter to your life that is distracting. As I get older, I increasingly value free time that’s completely free of appointments. Time to think, time to reflect, time to just hang out with my wife and kids.

I certainly don’t need to be extremely wealthy, but I would love the feeling of not being dependent on anyone or anything.


  1. Often times simply pursuing wealth does not lead one to riches. The best path to financial independence is to pursue an occupation you really enjoy. The reward is often promotions and advancement from whatever the organization might be. These promotions/advancements lead to consistently higher monetary rewards.

  2. David,
    I understand where you are coming from. Most people are far more successful in doing things they love than doing things that they have to do.
    Thanks for the comment!

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