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RE: Is 1 million dollar net worth a lot of money in 2018?

in #life7 years ago

I can't help but think we are taught to place too much important on "ownership of assets" as a measure of our success. More and more, I see young "techno nomads" who simply travel the world and they "job" is the laptop in their backpack... which is where they keep all their earthly possessions. We have quite a few such here on Steemit.

For a "conventional" life, $1 million is not very much. Even well-invested, the annual yield-- allowing for enough reinvestment to keep up with cost of living increases-- would be enough for little more than a modest life... once you consider healthcare, property taxes and all that good stuff... especially if you live somewhere like the US, New Zealand, Switzerland or Scandinavia.

But how much is "enough?" I think most people have little functional awareness of what enough looks like. Besides... we're taught that "enough" is basically for complacent losers... we must always want "more."

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Of course we always want more, but more of what? More life? Or more money? Beyond a certain threshold more money is more than any individual can spend in their lifetime.

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