8.7 Remember that in great partnerships, consideration and generosity are more important than money.
Someone who doesn’t have much can be more generous giving a little than a rich person giving a lot. Some people respond to the generosity while others respond to the money. You want the first type with you, and you always want to treat them generously.
When I had nothing, I was generous as I could be with people who appreciated my generosity more than the higher levels of compensation others could afford to give the. For that reason, they stayed with me. I never forgot that, and I made a point of making them rich when I had the opportunity to do so. And they in turn were generous to me in their own way when I needed their generosity most. We both got something much more valuable than money—and we got the money too.
Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money. How much would you sell a good relationship for? There’s not enough money in the world to get you to part with a valued relationship.
a. Be generous and expect generosity from others.
If you’re not generous with others and others aren’t generous with you, you won’t have a quality relationship.
* Source: Principles by Ray Dalio