How much money do you need.

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Need or want?



These are two very different concepts.

We all have needs and wants in life but how do we know which is which?

How can we tell what we need in life and what is just a mirage. Wanting things since others have them as opposed wanting them out of necessity.

They can often be hard to tell apart, especially in this modern age of excess and waste when objects and money are disposable.

It's not too long ago when my parents needed every single penny that they earned just to stay afloat. To keep a roof over our heads and food on the table.

Now i see the current generation more worried about where they are going for their third holiday this year of if their phone is the latest model. That is the difference in a nutshell.

Wanting more and more regardless if it adds to your life or just creates more clutter and waste. There is nothing wrong with having money and enjoying life but the most important parts of life don't cost money. They fulfill you on a longer timeline than a new pair of shoes.

Job satisfaction, achievements, friends, family, hobbies will all add to your life on a deeper level than anything that you can purchase.

In reality we don't need that much money to be happy. There is a balance to be had between having money for living and wasting money because you have it.

Since handing in my notice at work, I have been a lot more conscious of my monthly outgoings as I will have no steady income for at least 4 months other than what I can earn from my online activities.

That is why I need to save as much as possible right now to make sure that I can last until my next job. It turns out that apart from the usual bills, mortgages, car costs ect... I don't need that much.z

I like to go online, play splinterlands, play golf, meet my friends and spend time with my family. Those make me happy.

I've realized that i have gotten to the stage of life where i don't need much outside of this to make me happy.

I know that there are different stages of life and that at twenty it would have been different. There are lots of factors to being happy and that money is just one part of it.

Everybody just needs to see what point they are at in their own life and what it takes to make them happy.

From there it is a lot clearer how much money that we need to make this happen and take the pressure off.

Wanting more money isn't a bad thing, it just needs to be kept in perspective to is really important in life.

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13 comments
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Job satisfaction, achievements, friends, family, hobbies will all add to your life on a deeper level than anything that you can purchase.

Hi @niallon11
At the moment I work a lot to meet my family's needs but my goal is not money but time.
For me money is the means to have the time to dedicate to my daughter and I hope to have a lot of time to dedicate to her in the future and especially more than now...

Completely agree with everything you wrote and your post absolutely deserves a @tipu curate
!BEER
!PIZZA
!LUV

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At the moment I work a lot to meet my family's needs but my goal is not money but time.

Totally agree. Time is far more valuable than time. I work hard now so that in the future i wont have to. To have that financial freedom where i choose where my time and passion goes to.

Your daughter is and should be the most important part of your life so having that time with her would be the best possible way to spend your days.

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Having enough to never have to worry is my aim as surely that should be achievable. Anything else is a bonus.

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Having enough to never have to worry is my aim

That's the aim of most of us here I think.

Passive income. Generate enough weekly to not have to work. Then anything else that we earn is our choice and a total bonus.

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Interesting perspective man, the marketing machine wants us to continually want the lateat and greatest, the shiny, the new, but as you say when you break it down, we don't really need most of it.

Financial security is what I'm after and some additional income streams - shares, Crypto, maybe a second property eventually.

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I can see it first hand from working in retail. The amount of crap that we sell is unreal. So much stuff that we just don't need and even want in a lot of cases. Marketing is a huge part of it and houses just keep getting filled up with more and more.

We get so many bits here form friends visiting after covid but it just piles up and takes up room. I would rather get a packet of biscuits.

I just hope that crypto keeps growing at the rate that it is and becomes properly legislated and legit. If that's the case then anybody with early holdings will be able to set up those revenue streams and live comfortably.

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Ya we're the same here, such an accumulation of stuff built up over many years. We do a massive clean out every so often, but it still builds up.

It's amazing how little we truely need once we sit down and think about it.

Ya, if Crypto can keeps growing, it certainly has the potential to be life changing for some.

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Yea I don't need too much money. So long as I can be financially independent, I would be happy enough. I have zero plans on going crazy on spending money and I really don't want to be like some of those youtubers who risk their health for money.

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So long as I can be financially independent, I would be happy enough.

I don't know everybody's number on this but it's a much better goal than getting rich. Nobody needs to be rich but everybody needs to be financially independent.

Even if i won the lotto it wouldn't change that much. I don't care about expensive things other than a nice house and a nice car.

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This is the second article I read on Leofinance today that talks about finacial freedom and needs. My view on this is quite similar to what you have written. It all depends on where you are in your own lifecycle. The need and want are two different things for sure.

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Sometimes we think we need a Lot, but we only need yo hace enough to live, everything else is vanity

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