The Voluntary Life: 135 How Much Is Enough?

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5 December 2013

135 How Much Is Enough?

2 comments:

  1. I think your friend Peter had it right when he originally planned to retire at when he accumulated a million pounds. You can retire anywhere in the world on investments of a million pounds, provided you own your home or have additional investments of 300 times your monthly rent.

    Did you ever ask Peter what changed his mind about retiring at a million?

    To me, the most important question is not "how much is enough", but "how much is too much". I have observed many rich people who, no matter how much they have, desperately want more. So often, there is personal unhappiness mixed in. Here's a news story about Australia's richest family, who are constantly bickering and suing each other despite each having more than a thousand million dollars:
    http://smh.domain.com.au/real-estate-news/gina-rinehart-sells-in-mosman-20131128-2ybxk.html

    At the same time, some of the happiest people I know are not wealthy at all. But they are not living in squalor scrounging on welfare benefits; they are living within their means, from their own productivity, and with opportunities open to them.

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