There are many people in this world who are extremely wealthy but due to poor health, they are unable to enjoy their material coins. Their daily performance is hampered by physical and mental incapacitation and hence, they can be actually considered “poor”. As it turns out, though, many people – including people with high net worth – don’t think of a rich person’s lifestyle in those terms.
As an instrument for governance, it makes feasible, if not yet actual, the participation of all citizens in the process of law making. When human beings exist at subsistence level, money has little utility, since each person produces just sufficient for self-consumption. At the time of Adam Smith only about 15-20% of production passed through monetarized exchange.
While society is constantly trying to keep up with the proverbial Joneses, learning to be content with what you have can lead to more happiness than earning more money. Study after study has shown that having a lot of money does not necessarily make you happy. A recent report showed that an income of $60,000 to $75,000 per year is ideal for emotional well-being. If you really think about it, your most important asset is YOU – and more specifically your health.
Mental health is more than just a lack of mental disorder. It includes the ability to concentrate, think, and reason. When you are young, you can feel invincible – working 80+ hours a week to climb the corporate ladder, or build your own business, living off of caffeine and adrenaline. But sooner or later that lifestyle will catch up with you, and hopefully you are tuned in enough to catch the early warning signs.
Most wealthy investors polled bySpectrem Groupin 2014 said they didn’t own a boat, didn’t buy more than $10,000 worth of jewelry in a year, and had never spent more than $50,000 on a car. The onlyluxury a majority of the respondents admitted to enjoying was expensive vacations, with 60% of them spending at least $10,000 a year on travel. A comparison of money and the Internet may more clearly place money in its evolutionary context.
But strangely enough, that is what plaque psoriasis we seem to try to do. Instead of turning to holistic health practices such as diet, exercise, meditation, or just a night out with friends, in the U.S. there’s a prescription drug for anything that ails you. Focusing on all the different aspects of health has been shown to be much more beneficial to your happiness over the long run than a number in your bank account. The FIRE (financial independence / retire early) community is criticized for a lot of things, but one thing I think they get right overall is trying to define the concept of “enough”.
The Internet is the first truly global social organization functioning ubiquitously in space and instantaneously in time. It capitalizes on the powers created by all previous organizations, most especially the communication powers of language and exchange power of money, to generate an unlimited power for collective social accomplishment. As an instrument for personal and social communication, it dwarves the power of all the mechanisms previously devised through history from the newspaper to the telephone and television. As an instrument for education, it makes conceivable the delivery of the highest level and quality of education to all human beings in the near future.
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