How do you know when you have enough money? We all know what it's like not to have enough money, but what is the maximum you would need to fund your life? The real question behind that is how big do you want your life to be?
Money is a game. It has rules and it has strategies. Rules tell you how to play the game: Income, Expenses, Taxes, Investments. Strategies tell you how to win. Here's the strategy you should adopt to be successful at managing your money.
[Concepts from Total Money Makeover by Dave Ramsey, The Intelligent Investor by Benjamin Graham, and The Millionaire Real Estate Investor by Gary Keller. All those books can be found here on the reading list.]
...how would you live your life?
You and I hear it all the time. "My life would be so much different if I made more money." "I can't go, I don't have the money." "I've always wanted to travel, but I can't afford to take that much time off." I wonder if these people were given a gift of $50,000, how much their life would change?
Money doesn't change people, it only reveals and amplifies them. Someone who is a giving heart and volunteers at a shelter, will continue to do the same if they were given $50,000. Someone who is nasty to other people, will still be just as nasty with a bigger bank account.
So if money, isn't going to change your life, what will? What could be so powerful, that even by flirting with one you like, your life immediately pivots on a dime and start to get tangibly better?