The more money the better, or enough money

A few days ago, according to news reports, Eslite, Blog Lai and Readmoo published their respective 2021 bestseller lists. More than half of the top ten are financial books, showing that "how to become rich" is the topic that everyone is most concerned about at the moment. After becoming rich, you can enjoy the most important real value of money in the book "The Mentality of Getting Rich" - "giving you the ability to control time", "Today I can do anything I want".

In order to enjoy the freedom to control time, whether "more money is better" or "enough money is better", the answer to this question is the same as whether to put tomatoes or eggs first in tomato scrambled eggs. Each has its supporters. Our take: it depends on your FIRE Independence Index. The "FIRE Independence Index" is used to check the achievement rate of your "FIRE retirement account", focusing on your "saved money". For the calculation formula and principle, please refer to the previous article.

When your "FIRE Independence Index" is less than 50%, "more money is better" for you

When your "FIRE Independence Index" is less than 50%, "more money is better" for you. We suggest that at this time, you should focus your time and energy on things that can directly save you "the more money, the better" , whether it is negotiating salary when looking for a job, working hard for a salary increase, self-enrichment and improving your workplace status , forced savings, managed spending, moderate investment with the security of principal...etc.

When your "FIRE Independence Index" begins to exceed 50%, we would suggest that you start thinking about the meaning of "just enough money" in your life at this stage.

When your "FIRE Independence Index" starts to exceed 50%, we will suggest that you at this stage should consider "you have enough money" in your life while continuing to work hard towards 100% compliance of your "FIRE retirement account" meaning in. That is, from the day-to-day busyness of working and making money, gradually take some time for yourself, try to control your time, and practice allocating time to do what you want to do. Then when the day comes when you successfully reach the target and achieve "FIRE financial freedom", then you can enjoy what the book "The Mentality of Getting Rich" says, waking up early in the morning and saying, "Today I can do anything I want". hapiness.

Time is more precious than money, let your life be yours

Take the experience of the two girls as an example. A few years before they entered the workplace, they worked 12 hours a day, and overtime on weekends was commonplace. After being promoted to management, the number of working hours continued to increase. On call 24 hours a day, there was almost no time. and energy to stop and do what you want to do. At that time, we were so dizzy with our work that we had a rare chance to meet for coffee. During our chat, we talked about foreigners, mature-aged people, traveling the world as backpackers, learning talents and holding art exhibitions... We laughed at each other because we had to wait until one day. When you find that you can't walk, should you donate the money you saved so hard to the hospital? It was also at this time that we learned that time is more valuable than money, and we decided to let our life be ours, and our mentality gradually changed from "more money, better" to "just enough money".

Later, in order to implement "enough money is enough" and get back our own time, we carefully studied other people's experience of practicing "FIRE financial freedom", and also set the goal of "FIRE retirement account" based on our own situation. Based on the financial foundation accumulated over the years of hard work, now, we are striving towards "FIRE financial freedom" with all our strength.

Achieving "just enough money" is a necessary process to achieve the first element of "FIRE financial freedom" - financial independence. Although everyone's definition of "enough money is good" is different, it only makes sense to work hard to make money and save money on the premise of avoiding becoming a slave to money. You can make good use of your time to make money for yourself, but don't be fooled by money Inexplicably bought my precious time.

I hope you can join us as soon as possible to achieve "just enough money", to master your own life, to wake up every morning, and to do whatever you want.

Focus on:

More money is better? Or is it enough money?

1. When your "FIRE Independence Index" is less than 50%, "the more money the better."

2. When your "FIRE Independence Index" starts to exceed 50%, start thinking about "just enough money".

3. Time is more valuable than money. Let your life be yours.