Topic: How much money is enough money? - page 4. (Read 3331 times)

I think the biggest trick of it all is that your perspective and goals change over the years, making your current goal most likely a dream of the past before you even reach it.

It all depends on what 'enough' means for you.  Enough for you?  Enough for your household?  Enough for your entire family or for generations to come?  The more you 'level up', the longer you will want to reach.  When there is enough for you, you will think you are just half way through having enough for your household.  Then you maybe want to help out your family as well.  Maybe some of them are in debt and you would love to help them out.  So you need to make more, otherwise by helping them out YOU will have less.  We all have different needs and dreams and they change most of the time.

Then I can only think of how many people mess up after getting rich.  Many of them end up purchasing luxury villas and Lamborghini's, after which they realize they do not have that much more money left.  Imagine you had $2 million.  Sounds like a LOT, right?  But after you pay taxes, purchase the property of your dreams, cover every single thing you could possibly want right now, how much is left?  Would you be happy knowing you only have that much money out of what you used to have?  Greed is a b*.  And it is often hard to ignore it and resist it.

If you are thinking only about yourself or your own family and do not care about anything other than yourself living the life of your dreams, then that is where you will consider it is 'enough'.  Although I still think it gets harder and harder to stop the more money you make.

-
Regards,
PrivacyG

It depends on the individual and his/her desires and the environment.
What is enough for an African guy might not be enough for an American guy. For me, 1Trillion is enough

Logically the money that fulfill all your needs and basic requirements should be enough for you but humans wishes are unstoppable and uncontrollable , they always want more  so no amount of money is enough for them ,they always want more and more money . This greediness in human nature is present in them since forever they can never be satisfied.

Once they get something they want more and so on.

It's in the human nature to keep wanting and economics has said clearly that human wants and needs are insatiable. You'd be surprised to note that billionaires who have enough to last generations still struggle for that money.

 The more money one makes is motivation to make more and as such, people go the extra mile to get it. But what actually amazes me is that, you spend your time, put your health on the line to make it, and when you do, sickness makes you spend it.

In my opinion, no amount of money is sufficient since humans are naturally drawn to wealth, and when we do, we are constantly looking ahead to catch up with and pass those who are ahead of us.
When a person starts to consider the plight of poor families, that's when they'll decide that they have enough money.

It's totally depand on ours current everyday life, if our life going well with basic need without any financially problem one of the lucky we are...don't greedy if we have for building need that's enough!!!!

You are probably going to get wrong answers because even if a human is blessed with everything they will still urge for more, this is human nature, the feeling of not having enough is within us, only very few people who are ready to give up on the world itself are satisfied.

Enough money for me is money needed to be able to achieve Maslow's Hierarchy of needs. It is a five-tier model of human needs, often depicted as hierarchical levels within a pyramid¹. From the bottom of the hierarchy upwards, the needs are: physiological (food and clothing), safety (job security), love and belonging needs (friendship), esteem, and self-actualization². It is true that one may not need money in some of the various levels but we would agree that money still plays an important role in all the levels.

Reference
1,2

There is nothing like that how much or that much money is enough. No limit i guess so

Well the point you have mentioned is very valid. the equal distribution of the wealth has made things very difficult for the people around.
But than again - no amount of money is enough money - because when we get more money - we increase our needs and wants. And that is how every amount is less amount.

Really this is a question need to be ask and also need an urgent answer but ironically, this question becomes an rhetorical question, that it is a question that has no answer. The holy Bible says, Money is the root of all evils.1 Timothy 6:10. And also when Jesus was tempted by satan the devil. Satan told Jesus to bow down then he (satan) would gave him (Jesus) all the world pleasures, and wealth. Money causes the unequal distribution of national, and international resources among individuals, companies, firms, local governments, institutions etc. Even till now the African richest and the world richest men are still looking for money. With money all things are possible. therefore, I am very much believed and convinced that there is no limit on the acquisition of money or wealth as the Middle and the upper classes arranged it. Money is not enough at all time. A former governor and a serving minister in my country spend #5 millions = $12039.709023 daily while a large number of the citizens spend $1 a day, yet that minster will not allow the ordinary poor man to become a minister one day to test the ministerial post.

There is no time, day, week, month, and year one will say he has enough money. He will only tell you that he is looking for money.

My wants and needs can be satisfied as I am not delusional.

Life for humans is a time game.

Ie 125 years = max cap.

100 years = rare.

a good 90 year is achievable. Look at William Shatner or Mel Brooks  these are good 90+ year old people.

I am 65 okay health.
My wife is 66 okay health.

Maybe we are worth 2 mill. House and pensions included we may be worth 3 mill.

Trust me given the choice of 5 extra years time or 5 mill.

I want the time. Not the 5 mill.

Given Healthy to 95 vs 20 mill.

 I will take the healthy till 95.

So for me time is the currency I want.

since I am not delusional I know it caps out at 125 max.

I did see an interview of a very old couple deep into their 90's you could see they were still into each other.

That has far more value than my house or our pensions. But realistically. I still want our wealth.

I live in NJ and would be considered middle class. maybe top 15% of a usa couple in terms of wealth.

Do I want to have 25 mill sure but not my first choice of what I want.

"Human wants are insatiable", no matter how much money one currently have, there will still be the desire to have more.
Therefore, no amount of money is enough money.

If the richest people in the world have yet to retire from their work after making so much money that they can never be poor again then, it goes to show that with more money comes more desires.

No amount of money is enough  because all the billionaires I have come across are not satisfied with the amount of money they have. They try to figure out always how they can generate steady flow of income into their account,  no amount of money is too much to have, the taste for money does not have any end point.

Although happiness is a subjective feeling, studies of satisfaction/happiness show patterns across populations, and one pattern is that people in richer countries tend to rate their lives as more satisfying. In fact, research shows that money makes us happier on a personal level, too. The more money you have, the more happy you are. The thing with money is not that it makes us happy, but that it empowers us to feel free. So, even though money is rarely an emotional driver, it does provide us with some material things that are beneficial to our lives and it makes our lives easier. And it helps us to live more satisfying lives.

How much money does it take to feel happy? Or, is there an upper limit on the correlation between money and happiness? Here is what I think: Basically, additional income always brings more satisfaction, the rich, however,  need a larger bump to get the same level of happiness than the average person. For example, if you earn $25,000 or $35,000 a year, an extra $10,000 per year will mean a great deal, but almost nothing to someone already earning $ 250,000 or more. So, there is no need for everyone to aim for great wealth, but it is undeniable that life is easier with money, and our best bet is to find the optimal measure that suits us individually.

In order for any amount to be sufficient, first of all, it is necessary that you do not increase your cost of living as you increase your earnings. This is really a big poison for a lot of people, especially people who really care about brands and luxury. And that's not a matter of judgment, it's just a matter of logic. Everyone knows what it's like to live well for themselves.

But, I think that a sufficient amount is a value that allows you not to rent every second of the day and that does not make having 30 days of vacation a year or 2 hours - instead of 1 hour - of lunch a day your greatest happiness.

I recently decided to give up more money for more freedom, and having time makes the value of money less important.

I will answer your question with a question of mine. What is better than money? More money! Even Dangote and those other big names in the society who are business tycoons and have enough money to last the fourth generation, still look for the money. You feel they don't have enough money? They do but as humans needs are numerous and insatiable, there is this drive to continue looking for it.
 If you ask me, I don't think any individual has a limit to his need for money. Because someone can be content with a certain amount of money, but that doesn't mean he will not push for more if he has the opportunity.

A good question though - but when you have a comfortable life style and you are happy with it and the account is topped up every month - for me it is enough money.
Since I am a Lower middle class. So I think I need a lot of money to be able to call myself rich.

By defining enough money, it all goes down to individual, as what might be enough money for person A might be a small money to person B, in my opinion and as for me, enough money starts from a million dollars up to five million dollars I'm OK with that, basically most of it will go to charity and helping the less privilege ones. If it's only me and my family probably less

If one has money that it can be used take care of his family and do new project at any time  that is enough, as far as he does not beg for me to fund for his self, I think this can be enough live with.