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A member of our extended family expired sometime back.
He was financially savvy and did everything right (as far as my understanding about managing money is there). Saved a lot… to an extent that it seemed a little too much.
But then, having accumulated almost all the money that he would ever need… he left. Suddenly and without any warning and at a fairly young age.
It was sad.
This highlights one thing:
We always know how much money we have.
But we never know how much time we have.
Read that again.
As an advisor, its my duty to help people save and invest well. But people should realize that money alone is not everything. If you keep strangulating yourself and save and build assets so that ‘one day’ you would do anything you want, then its possible that ‘that particular one day’ might never come for you.
So find the balance.
And remember: Many may not have that much time left that they think they have.
Do what is necessary. Letting life slip away is not what should be allowed.