Check your inbox or spam folder to confirm your subscription.
Go to main Voices page »
I like Jack Bogle’s book titled “Enough”.
It sounds simplistic, but I define “enough” as never, ever worrying about paying the bills. Of course, there are two ways to accomplish that: by amassing more dollars, or by spending less!
John D. Rockefeller was asked, how much is enough? “Just a little bit more” he replied.
I suppose one measure of having enough is when your sense of self-worth doesn’t require having more.
“He who knows that enough is enough will always have enough.”
Enough so that if there are a series of unfortunate events (health issue, market crash, unexpected baby(??), job loss), then you are still fine. The younger you are, the bigger the distribution of possible outcomes, so I think older folks can have more confidence their “enough” is enough.
But you should also consider social aspects and mental stimulation when thinking about “enough”. Do you have enough social connections and activities? Maybe too much? That’s a delicate balance, too!
I think you have enough when you are confident the goals you have set for yourself can be achieved. Needless to say that means lots of variables. If we are just talking enough “stuff” then I suspect most of us have surpassed enough.
I think the answer to this is a version of “I’ll know it when I see it”. As I’ve aged and accumulated, the desire for stuff has definitely decreased. So decreased desire is definitely one indication.
Knowing when you have enough saved for retirement is more of a challenge, simply because you can’t predict the future. To me, the answer to that comes with a probability attached. Right now, I’m probably 90% sure we have enough to retire comfortably. But that 10% still nags at me a bit.