Saturday, September 03, 2022

A question on retirement

 How much money is too much ?????

A simple question you might think, its more than you need ...... 

I used to live , basically as I think most people live their lives , you work and play, and generally try to save the readies to be sorted for your retirement, if  you can anyway .

I was surprised when my partner asked me , why do you need more , and got me thinking . At age 20, its to earn as much as possible to save for retirement. Later its to stash enough for retirement . Finally, its to splash out on the kids afterwards [ and whoever else you might want]  . Is that the full story ?


Simples, and hope most people agree. Before she said that though, I was in a mild continual panic as to what retirement was going tobe like financially . Afterwards , having convinced myself we would be ok , I surprised myself as to how calm I'd become , we dont need to bequeath anything really so at the end the remainer should be broke . It was overamazing , but didnt think too much apart from that. Then Ukraine happened , and suddenly the nest egg shrank . Panic again . 


Which started me thinking. Why, the overreaction? It's a bit obvious, running out of dosh isn't the best situation to be in, but even with that, we still had enough , but my emotions were extreme and got me thinking that the emotions might be genetic . If so, how would that affect society ? and does it gel with reality ?


Mankind seems to have a thing for getting as much as you can , not just enough, but as much . I was reading about some guys who had billions. WHY ? Some guys who have billions, then retire and spend lots on good causes . Those who have billions, then spend it on going to mars and so on, and so forth. US has a tradition of guys retiring then spending it on good causes - they really earnt the title 'robber barons' though in their heyday , so maybe they weren't good to start with ? 


Overall though, most people do whatever they can to get wealth . What would happen with education and a set minimum amount of wealth ? maybe the world would be a better place ?




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