How much money is enough money?

8 July 2018

I was recently asked to write a blog on what I thought is the ideal amount of money that would allow you to live a comfortable life. At first I entertained the thought that there might actually be an answer to this question. I quickly snapped out of it. 

No single person should tell another person how much money they need to earn in order to be comfortable. Life is complicated. Situations are different. Some people live by values and morals, some do not. No one should tell anyone how much they need to earn. 

I have friends earning $35,000 per year and they’re the happiest bunch of people I know. They always have been. I have friends earning over $200,000 per year, they’re still happy. They both have problems, albeit different, problems nonetheless. And more importantly they all have their own successes too. 

A big difference is where you live and when I was asked the question it was specific to Auckland. Talk about a can of worms. Are you renting or paying a mortgage? Are you a business owner or employee? Are you single or married? Do you have kids or pets? Family support? Sociable? Travel junkie? 

How much money is enough money? The answer is of course no amount of money is enough and a little bit of money can be enough. At the risk of sounding like a hippie, let me rephrase the question, how much money do you need to earn to be happy?

The trick is to figure out what makes you happy and to ensure you’re doing enough of that so that money doesn’t become the sole driver to your personal success. And as you go through your life and your income goes up or down, try not to forget about the things that make you happy. Seek it. Make it priority. You’ll be so much happier. 

$35,000 or $200,000, do the things you love to do without sacrificing your health, love and happiness. And having food, water and shelter at the end of it. That to me, is being comfortable in Auckland. 

Of course there are ways to get wealthy. And I can help people get there. But I don’t think that was the focus of what I was being asked. My advice is not to get caught up on what everyone else is doing in the Auckland rat race. Don’t keep up with the Jones’. Do you!!