Beyond Enough

Enough” is a critical concept in life. If you have never bothered to figure out how much money is Enough money for you, i.e. Enough that you never need to work again, it’s certainly a worthwhile exercise.

If you never do that, you might blow right through it doing something you don’t want to do for much longer than you should have. In this post, I wanted to explore what happens when you get “Beyond Enough.”

Beyond Enough

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One issue I have run into is that I seem to keep revising my original financial goals.

Changing Goals

Whereas I used to think that $2 Million was Enough, we seem to have found Enough other stuff to spend money on that brings us additional happiness, especially when combined with our progressive tax code.

William Bernstein, MD famously said, “When you win the game, stop playing.” Once you get to “Enough,” especially if you plan to continue engaging in paid work of some type, you can reduce the financial risk in your life.

Reducing Risk

Once you no longer have to work, or even just as you approach that point, it is time to take a deep, introspective look at your professional and life goals and what is likely to make you happy.

Changing Professionals Goals

Another beautiful aspect of being “Beyond Enough” is you no longer have an obligation to your family and yourself to maximize your financial assets.

Not Having To Maximize Financial Assets

You can leave your money in a bank that pays a little less interest than is possible, just because you like the location. You can keep your business in the family, even though someone else is offering you more than a fair price for it.

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