Editor: Crass Cash
http://finance.yahoo.com/news/heres-why-people-crazy-even-195511534.html
Are you an "overearner"? I'd never heard this word before I read the above article, but it's definitely interesting. I fall into that category and it even baffles me. I technically have more money than I need to live for the rest of my life and also I earn more than I know I need. Reading the above it sounds irrational, but it's not.
Everybody is different and there are certain circumstances in my life that have caused me to have certain financial insecurities regardless of how logical or illogical they may seem.
Why does Warren Buffett still go to work or Larry Page, Donald Trump, or Sam Zell for that matter? Well these cases are fairly easy to understand. It's not that they're workaholics, it's more that they just really love what they do. Deal making brings them happiness, as crazy as that may seem to you. But what about the rest of us?
What about those of us who could leave, but don't because of some other reason. For me it's due to watching people run out of money and having to live their remaining years in poverty surviving only thanks to the kindness of strangers. Seeing this at a young age had a deep and profound impact on me.
Others may do it for their children and future generations. Working hard day in and day out to accumulate more in order to leave a legacy for their offspring. This I think can be particularly dangerous. As Warren Buffett has said, "I want to leave my kids enough money so that they can do anything, but not so much so that they don't have to do anything."
This is a deeply personal question that everybody needs to answer for themselves. Do you have enough money to retire and you hate your job? Do you love your job? Do you not know what you would do if you quit work?
Life changes and I've seen people who love their job hate it a month later. The important part that I think everybody needs to take away from this is that you should be able to walk away if you need/want to. Get to a "position of fuck you" and have the ability to walk away, even if you don't have the desire.
Are you an "overearner"? I'd never heard this word before I read the above article, but it's definitely interesting. I fall into that category and it even baffles me. I technically have more money than I need to live for the rest of my life and also I earn more than I know I need. Reading the above it sounds irrational, but it's not.
Everybody is different and there are certain circumstances in my life that have caused me to have certain financial insecurities regardless of how logical or illogical they may seem.
Why does Warren Buffett still go to work or Larry Page, Donald Trump, or Sam Zell for that matter? Well these cases are fairly easy to understand. It's not that they're workaholics, it's more that they just really love what they do. Deal making brings them happiness, as crazy as that may seem to you. But what about the rest of us?
What about those of us who could leave, but don't because of some other reason. For me it's due to watching people run out of money and having to live their remaining years in poverty surviving only thanks to the kindness of strangers. Seeing this at a young age had a deep and profound impact on me.
Others may do it for their children and future generations. Working hard day in and day out to accumulate more in order to leave a legacy for their offspring. This I think can be particularly dangerous. As Warren Buffett has said, "I want to leave my kids enough money so that they can do anything, but not so much so that they don't have to do anything."
This is a deeply personal question that everybody needs to answer for themselves. Do you have enough money to retire and you hate your job? Do you love your job? Do you not know what you would do if you quit work?
Life changes and I've seen people who love their job hate it a month later. The important part that I think everybody needs to take away from this is that you should be able to walk away if you need/want to. Get to a "position of fuck you" and have the ability to walk away, even if you don't have the desire.
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