How much money is enough for you?

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Do you realise how much money there is in the world?

It is worth $36.8 trillion (or 2569 Lakh Crores)

What if you win the lottery? Assume you wake up one day with a bank balance of 2569 lakh crores. However, you discover that you are the only person left on this planet, with everyone else gone.

All of the malls, shops, movie theatres, entertainment parks, jewellery stores, real estate, fruits and restaurants, and everything else you can think of are still standing. Everything is available there.

So, what are you going to do with all that money?


You can’t do anything since money can only be exchanged for something, and if you already have everything possible on Earth laying around and available to you, money just loses its role entirely. That money you have with you is worthless.

Returning to our lives, we do not have much at first, and money is something that can help us gain access to many things in life. However, we progress from having “nothing” to “something” to “good enough” to “a lot” to “almost everything we wanted” through time.

Money’s role in our lives has decreased over the years as we shift. We already have the majority of everything we could wish for. You already have a home, a car, excellent furniture, a second home, wonderful vacations, dining out, and so on.

The Race of Earning Money

While money is crucial in life, we are conditioned from birth to believe that money is the solution to all problems. We are instinctively racing to gain more and more money without having a goal. It appears that more is always better.

Take note of that.

  • In our world, there is a finite supply of food.
  • You will only take a certain number of holidays.
  • You can only dwell in a certain amount of houses.
  • You can only drive a certain number of autos.
  • There are only a few things you need to live a happy existence.

How much money do you need?

5 crores, 10 crores, 50 crores?

I strongly advise you to choose a number or a range after thorough consideration and then let that number govern your speed. There must be a figure that is ENOUGH for you.

With that much money, you will be able to live a very excellent, desired lifestyle.

Trust me, if you had 10 crores or 50 crores, you will eat and dress the same way. Rakesh Jhunjunwala and Mukesh Ambani consume the same foods as you.

It should not happen that you keep acquiring wealth in life, and later it turns out to be nothing more than trash.

The Dalai Lama when asked, what surprised him most about humanity, he said:

Because he sacrifices his health in order to make money.
Then he sacrifices money to recuperate his health.
And then he is so anxious about the future that he does not enjoy the present;
the result being that he does not live in the present or the future;
he lives as if he is never going to die, and then dies having never really lived.”

So, what function does money play in your life?

You must decide how much money you want to make in your life. How much money is sufficient for you? Are you in a senseless rush to acquire all the money you can imagine, only to wonder where your 60 years went? Or are you going to specify the range you want to acquire?

When I retire, something like “10 crores” will suffice. This is significant because the time you devote to earning money may be diverted elsewhere.

  • If you work longer hours for money and get home at 11:00 p.m., it implies you won’t be able to get up early and exercise.
  • If you work in another city away from your family to make a better living, it implies you won’t be able to spend as much time with them.
  • If you are away from home during festivals in order to earn/work more, you will not be spending that time with your family.
  • If you do not attend a wedding for a close friend because you do not want to lose those six days of pay, you will have the money, but you will not have the memories of your buddy’s wedding.
  • If you do not take your family on a wonderful trip, you will have that money in the bank, but you will have nothing to talk about when your children grow up.
  • As in the preceding cases, there are several occasions in life when we must choose between spending our money and trading it for something else.

Your Target = 1000 times your monthly Expenses

A simple estimate shows that if a person saves 400-500 times their monthly expenses, they will have enough to endure for another 30 years.

This suggests that if your monthly costs are Rs 1 lac, 4-5 crores is a reasonable corpus for you. How about 1000 times? So 10 crores is enough to last a person his entire life (a very high-level calculation tells us that). Similarly, you should know how much you want to save for yourself.

So make sure you understand the significance of money in your life. While we have observed that many people do not work hard enough to fulfil all of their financial goals, we have also seen that many people place too much emphasis on earning money and devote all of their limited time to this pursuit. While making money is not a terrible thing in and of itself, do you know how much you require in life?

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