[Drafting] How much Money is Enough?
How much net worth do we need? Are billionaires more satisfied/happier than millionaires? Is my 9-5 job as a bartender will be enough to sustain my entire life?
How much net worth do we need? Are billionaires more satisfied/happier than millionaires? Is my 9-5 job as a bartender will be enough to sustain my entire life?
Most of the search of wealth is not about how good is the stuff. It’s about what the stuff say about how valuable of a person you are.
“I wish I worked more” - said no-one on their death bed
What would you do of your $1+ million dollar sitting in your bank account or index funds in your dying bed?
There is something wrong with all those financial gurus out there. They only focus on accumulating wealth, instead of what truly matters: happiness. People drinking the kool-aids sometimes end up with situations so absurd, and start being so frugal they also forget in order to retire early. At the other end of the spectrum, we have some entrepreneurs or employees working 12+ hours/day simply for chasing the next million. And this at the sacrifice of simply living and enjoying life.
An average person has a lifespan of 72 years. It might sound quite long, but in practise, how much of the 72 years can we truly use? I’ll touch in this post about the 3 principles that, I believe, are keys to put into perspective to make the most of our life: Money, Free Time and Health. All 3 increase or decline the more we age. Most of us focus (too much / or only) on the money aspect. This is why we spend all our days working. Health and Free time are too often the forgotten ones. We assume money we accumulate during our young age will contribute to some sort of fulfillment when we will have plenty of free time when we will retire. Our society is actually designed around that timeline. But is it how we should live our life? What if once you retire, you don’t have the necessary health to travel? What if you have an incident tomorrow?
In my 30’s. Lived in Europe, US, and now somwehere in Asia. I usually work in startup and my own projects. Coming from a modest family, I feel really lucky to now do well financially, while keeping a good work life balance.
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