At the same time, Einstein recognized his moral obligation, and that of his fellow human beings, to contribute to the world around him. Because the individual had so much freedom to build wealth, he also had the responsibility to live in such a way that all of humanity would benefit. Einstein often put his own selfish desires aside when he had the opportunity to encourage human progress. He offered this advice to his relatives: “Use for yourself little, but give to others much.”With this philosophy, Einstein would have embraced frugality. Despite his world travels and, especially later in his life, his ability to command top salaries and fees, he maintained modest living environments. I can't find any information on Einstein's approach to charitable giving, but it's clear that he cared about the world, and he was passionate about some causes, particularly later in his life, and there is a strong chance he supported these causes with the money he collected from his work over the years.
Albert Einstein's Philosophies For Growing Wealth
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.