How to know when you have enough money

Financial expert reveals the fatal flaw in how most people think about wealth.

Transcript

00:00You've actually said that more money doesn't necessarily lead to more happiness.

00:04So how can someone recognize when they have enough?

00:08And as someone in the New York City area, is that even possible?

00:12Yeah, it's such a, I mean, look, that's a really good question.

00:14I think just to the first part of your question, you know, as the market's running to new highs

00:21or the market's coming off new lows, you and I both know, like, it's really hard to know

00:26what's going to happen, obviously, next.

00:29And so we're not exactly sure what's going to happen, but the idea of getting clear about

00:36what enough is to you, right?

00:38And enough, I'm going to argue, Caroline, that enough cannot be a number, right?

00:43If enough is a number, and you see this more than I do, if enough is a number, there will

00:49never be enough, right?

00:52Enough has got to be something else, right?

00:55Something like what, based on my values, my goals, the relationships I have, the things

01:01I want to see in my life, right?

01:03Do I have enough for those things?

01:05Because if enough is a number, as soon as I get there, I'll need just a little bit more,

01:10right?

01:11Always just a little bit more.