Need is a difficult concept to define. Is there an adequate measure?
Perhaps not for the masses, but it should be easier on Wall Street... right?
I find that my financial needs have changed over the years in direct correlation to my perspective on life. Ideas I once swore on like they were the Bible, are now an afterthought...a fleeting mirage in my memory.
There have been times when I made tons of money and felt broke. There have been times where I literally was broke and felt myself the richest man in the land.
This is why I am not posing the question:
How much money do you want?
I'm far more intrigued by what it is that motivates you...than how you quantify that motivation.
Over the summer, I read a seemingly simple article on the varying valuations of wealth in the U.S.
The article stayed buried in my bookmarks, but the subject matter has slowly been gnawing at my brain ever since.
After all...any time that two answers to the same question are as divergent as...
$10,000,000 and a couple thousand a month
I have to stop and remind myself how different we are as people and how hard it is to come to a consensus on anything.
Reading the comments in the private school debate reinforced to me just how different the attitudes that guide us really are.
I must admit that I thought a Wall Street forum would be a place of far more uniform ideas and values when it came to subjects like wealth and opportunity.
Apparently, I was wrong.
At this point, I want to bump one of Eddie's older threads on the subject.
Simultaneously giving a subliminal shout out to main man Search.
Last name, Function.
This post is another of the many small scraps of information which have led me to realize that I don't need anywhere near as much as I desire in terms of monetary satisfaction.
I have certainly come around to the notion that you need far less money than you think you do, not merely in the existential sense.
In fact, I will take the view that money has begun its descent in terms of overall value and power in human society.
I am not just talking about purchasing power here.
I am also thinking of money's ability to provide for a richer fuller life.
I am going to hypothesize that you guys obsessing about the odd zero today, will be sorely disappointed by its true future value at T+something down the road.
But aside from my rantings and wannabee electronic palm reading, I'd like to hear about the numbers that motivate you guys and why?
It seems that the issues of fiscal wealth, prestige and class mobility are still those which elicit the strongest reaction from the modern monkey...even all these years after the introduction of the all-mighty Silver Banana.
So quote me some figures folks...
How much do you need?
...and much more importantly...