It was a warm spring day on Shelter Island, New York, when two renowned Lauthors, Kurt Vonnegut (Slaughterhouse-Five) and Joseph Heller (Catch-22), found themselves at a party at the palatial second home of a hedge fund billionaire. Perusing the opulent surroundings, Vonnegut mused to his friend with a hint of melancholy, “Joe, did you know our host only yesterday may have made more money than your novel has in its entire history?” Heller took a moment before replying, “Yes, but I have something that he will never have. The peace that comes with knowing I have enough." Whether the billionaire felt he had enough” was irrelevant. The point is that when faced with the prospect of feeling inadequate in the face of someone else's relative success, Heller saw beyond what he didn't have to fully appreciate that he had enough.
This is a lesson we all need to learn. When planning for our future, the question shouldn't be, “How much money will I need to retire?" but rather "What does enough look like?” What is enough accommodation? Enough connection with friends and family? Enough daily activities? We just need to take a deep breath and start seeing that what we already have is enough.
Bu hikaye Money Magazine Australia dergisinin May 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Money Magazine Australia dergisinin May 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.