Since childhood we are used to the wrong question: what do you want for Christmas? The habit leads us, as adults, also to ask the same question in the wrong way. For example, how much do you want to earn when you retire?
Like any adult, I no longer remember all the frustrations of Christmas. But one of them made me learn a lesson that I still carry today.
I wanted a slot. Readers over 40 know the size of the desire to have a series at that time. It didn’t fit in the family budget at the time.
We’ve all heard that we need to aim high on our desires. Have bold goals. No doubt this is true. These goals are the engine that makes us wake up each day with more vigor.
However, be careful not to fall into the mouse wheel trap.
The founder of one of the world’s largest asset managers (Vanguard Group), John C. Bogle, spoke to Georgetown University graduates, telling the following story:
“At a party thrown by a billionaire on Shelter Island, the late Kurt Vonnegut informs his friend, author Joseph Heller, that his host, a hedge fund manager, made more money in a single day than Heller made with his Extremely popular novel “Catch 22” throughout its history. Heller responds: “Yes, but I have something he will never have. . . Enough.”
That should be your first wish as of today: enough.
Have bold goals, but always seek enough first.
So, the correct question would be: how much is enough for you to retire?
Michael Viriato he is an investment advisor and founding partner of Investor’s House
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I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
