Enough versus More

Amar Pandit , CFA , CFP

John D. Rockefeller (considered as the richest man in history) was once asked, “How much money is Enough?”

His response, “Just a little More.”

What does this tell you?

Three things…

  1. Enough is not a number.
  2. A little more is not a number too.
  3. More money will never be enough.

Here’s a paradox:
1. I know people who have more money than they will ever need but are still insecure.
2. I know people who have almost nothing but are totally secure.
The conclusion this forces me to draw is that if enough exists at all, it must be a feeling… not a number.
The good news is that means we can have some control over it.
The bad news is that means it’s up to us to learn how.