Clients often approach us with a burning question, “Am I on track to have enough money to retire?” This inquiry surfaces most frequently among our pre-retiree clients, especially when we begin our partnership. The importance of this query is undeniable. Within the initial few weeks of our engagement, we can offer a comprehensive analysis of your retirement preparedness and outline the necessary steps to meet your retirement objectives. This process is straightforward, and with accurate input, can be calculated using advanced computer programs.
However, there is another, less frequently asked, yet equally significant question: “How much is enough?” This query presents a far more intricate challenge. We reside in a culture that perpetually pushes us to believe that we can never truly have “enough.” It is easy to be lured into thinking that more is invariably better.
Nevertheless, numerous studies have shown the remarkable benefits of generosity. Generous individuals tend to experience increased happiness, better health, reduced stress, and even longer lives. Given the numerous potential advantages, it begs the question: Why is it so difficult to be generous? Just like maintaining a regular fitness regimen or adopting a healthy diet, embracing generosity demands discipline and intent; it will not happen naturally.
Answering the question, “how much is enough,” can be a transformative exercise in cultivating greater generosity. Once you have established your financial finish line, you gain the liberty to allocate anything beyond that line to benefit others.
It is crucial to bear in mind that we entered this world without any material possessions, and we will depart from it in the same manner. During our time here, our responsibility is to wisely manage the resources entrusted to us. The Master’s team is always eager to engage in conversations about the concept of “enough” and ways to become more generous. We genuinely believe that relinquishing our attachment to what we have will ultimately lead to enduring joy and happiness.
We love to hear from you! When have you experienced joy and happiness after letting go of something?