How to Worry Less About Money (The School of Life Book 5) by John Armstrong & The School of Life

Author:John Armstrong & The School of Life [Armstrong, John & Life, The School of]
Language: eng
Format: epub
Publisher: Pan Macmillan
Published: 2012-05-10T00:00:00+00:00

2. How Much Money Do I Need?

Try to describe what you actually need in order to live a flourishing life – including taking responsibility for others. It’s important to be explicit when undertaking this exercise. It’s not yet about cost.

The desire to be realistic means that we cut off avenues before we have had time to think them through and work out what version of them might be viable. In other words we tend to be realistic about what we can afford. But first we should be realistic about what we need.

Actually, there’s a refining process, by which you identify what are the fantasy elements and what are real – this takes time, but can lead to crucial gains in self-knowledge or collective knowledge. So, for most people, it’s not going to make any sense to say ‘I need a private jet’. Because, although that would be great fun, not many people truly need to travel at maximum speed very often in order to flourish.

Now try to cost these things that you need for a flourishing life.

Over the page is a breakdown of levels of expenditure for the flourishing of my family. It is an attempt to work out how much money my wife and I actually need, year by year.

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