When you have more then enough you can live where you want to live. If you like condos you buy that, If you like mansions you buy that, you like living in a ranch, you buy that. You live the life that you want and not the live that you are forced to live because you can not even afford the basics.
If you like helping people help themselves you can give money to help people in need of housing. You can help the elderly by making contributions to organizations that take food to those that do not qualify for a government paid person to come and cook for them. Feed the poor in New York or Orphans in Israel that need your help so you can give to that as well. So having more then enough is a good thing.
A second reason why I want to be rich is because debt is stressful. I managed to get a B.A. in Economics back in 1982 with the help of student loans and student grants. I paid it off but did not take that debt seriously, just simply took years to do it. Then I went to buy my first car and they said I needed a credit card because I had no credit history. I reached my credit limit some 2 or 3 times and that was enough. Thanks to those people that pointed out that you end up paying much more then the price of the product many times over because of the interest rate, I decided not to have them.
I now have a debit card that I can use as a credit card but they take the money out of my account right away. It is important not to try to keep up with the Jones. It is very important not to spend more then what you make. Credit cards are fine if you pay the balance off when it is due at the end of each month and therefore, do not pay interest on what you have purchased. If you are unemployed with debt that is stressful. People get divorced because of debt and the mismanagement of money, the inability to pay the bills.
Now I am working on making enough so that I can pay the bills and have money left over to save for a rainy day or for unexpected expenses or have a years worth of expenses saved up in case of unemployment, illness or job loss. My neighborhood is improving and due to gentrification, I now have to pay more to live in the place that I grew up in. Inflation has a way of eating up your savings and just simply making the same amount every year is not enough. Rents go up, prices go up and so you need to make more.
Another reason for wanting to have more then enough income is so that I can go on vacation at least once a year. Would it not be great if you can take a vacation where you want to and not have to worry about the expense? As a caregiver, I have seen my income go down and have even experienced poverty because keeping a job whether full-time or part-time and taking care of someone else, is very difficult. With more then enough money, like having an annuity or enough stocks or bonds to actually live from the gain, the interest, helps us focus on the people and things that matters. We are not stressed to make ends meet.
Finally, money is very useful when it comes to friends. If you want to go out to dinner or go on vacation with friends, that takes money. If you want to visit a friend or family member that lives far away, that takes money. So even the quality of your friendships is affected by the amount of income you have coming in on a regular basis.
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