How Much is Your Net Worth?

[kazukirai]

I completely agree that net worth is just a number and it is more important to know when/what is enough. Those who don't will never be happy or their happiness may be just a temporary high.

However, an ever increasing net worth will give a person more options, more resources to do good for this world and society so I think an ever increasing net worth for someone who already knows what is enough to make him/her happy is a much better force than just knowing what and when is enough.

Having said that, glad to have you back!

Net worth is ultimately just a number. I think it's more important when we can define what "enough" means. Otherwise, it becomes a hedonic treadmill where everyone keeps chasing a higher number.

Incidentally, I put forth this concept some younger colleagues and they look shocked and surprised by the concept of "enough". To them, net worth should always keep growing and people should always want "more".

But knowing our limits and being satisfied with what we have are more important for our psychological well-being than an endless chase for money.