How Much Money Do You Really Need

I often come across expressions like “I need to make a ton of money,” or “I don’t need much money to survive,” or “Money is power or lack of it is misery.” I was reading about a search engine optimization consultant who recently wrapped up his business to pursue his writing career and somewhere in his blog post he wrote: I anyway don’t need much money to survive.

My biggest fear regarding money is that what if I don’t have enough of it to save a loved one’s life? Although here too there is never “enough” but still, if you have lots of it, you don’t have to worry at least on that front. I know merely money cannot save a life, but you can avail the best healthcare facilities if you can pay for them. This is a primary reason why I want to have sufficient money. Health insurance can surely help in this regard.

In the movie Hotel Rwanda the protagonist saves his wife and a few others by paying lots of money to an army officer, and this is a true story. All his family would have been killed had he not lots of cash available, and some connections. Whenever a catastrophe happens, the poor always die more than the rich or the financially well off.

I don’t like wearing expensive clothes (I prefer good clothes), I don’t want to have a big house (but I want spacious surrounding), I don’t want an expensive car (but a decent one will do) and I have never been crazy about food (I just need healthy food and it doesn’t have to be expensive).

So how much money does one need to be comfortable:

• Enough money for kids’ education
• Enough money to purchase a decent house for the family
• Enough money to get healthy food and clean drinking water
• Enough money to avail good healthcare if there is a need
• Enough money to see you through your old age.

How do you define enough money?

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