Is Enough Ever Enough?

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Let’s talk about money.

Most of us have some sort of financial concern. Some estimates show that nearly 80% of Americans live paycheck to paycheck and 61% can’t cover a $1,000 emergency. Wages have stagnated, but the cost of everything else has continued to rise meaning that purchasing power hasn’t really moved in four decades.

It takes an annual income of one-third of a million dollars to buy a home in San Francisco, which is fascinating considering the median household income there is about $83,000. It’s not just the coasts, either. Real median household income in New York City is just under $51,000 but in the entire country it’s $59,000. Considering how expensive everything — housing, food, transportation — is, that’s not very much.

Have you ever felt like if you had just a little bit more money it would make an enormous difference? The problem with that thought — one that I’ve had many times — is that the goalposts continue to move.

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Time vs. Money

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Virtually everyone has heard the old adage that “time is money,” but how many really analyze what it means?

The truth is that time and money are inversely proportional — the more you have of one, the less you have of the other.

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Documentary Tuesday: “Born Rich”

 

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In the early 2000s, Jamie Johnson, an heir of the Johnson & Johnson fortune, decided to make a documentary about the experiences of children of the insanely wealthy. The result, Born Rich, premiered at the 2003 Sundance Film Festival and is a fascinating (and infuriating) look at the lives of kids that have more money than many countries. This is the film that was referenced in John Oliver’s incredible takedown of Donald Trump the other night when he played a clip of an interview with Ivanka Trump. (In fairness, Ivanka was one of the more normal kids profiled.)

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