How Much Is Enough? (2024)

Spencer Sherman explains how mindfulness can help us retrain our brains from always wanting more, regardless of circ*mstances, to feeling deeply contented with what we have.

John D. Rockefeller, the world’s first billionaire, answered the question, “How much is enough?” with “Just a little bit more!” He, unknowingly, made a profound statement about the human condition. Our minds are wired to want. We want more, we want less, we want things to be different, we want things to be better. We want more money, more time, more love, more vitality. Just a little bit more.

“Wait! Not me,” you might say. “I’m an anti-materialist. I KNOW that my happiness is not tied to stuff.” But what about that yoga retreat in Maui? That perfect zafu stuffed with organic rice hulls? The latest book our meditation teacher wrote, which will finally inspire us to achieve maximum mindfulness? The ultimate meditation practice that we will create…one day (as soon as our kid goes to college and we can take over his room)?

I want to recognize that for many of us, our basic survival needs are not being met. If this is true for you, then I encourage you to gain clarity about what you need and activate your wisdom for the most likely ways to satisfy your needs (which could include asking for help from friends or family).

Once our basic needs are met, we might imagine that a million-dollar windfall, or working fewer hours, or having a longer vacation, would give us a feeling of enough. But, do you know anyone who consistently feels they have enough? I have counseled people whose net worths have soared, yet their thirst for more has never been quenched. Benjamin Franklin said “Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has, the more one wants.”

A 2010 study by Daniel Kahneman and a 2018 study from Purdue University found that an income range of $60,000 to $105,000 optimizes our well-being. So, yes, our happiness increases as our income climbs beyond $60,000, but it flattens or even falls once we surpass $105,000.

Growing Beyond Not-Enough

At this moment of the pandemic, as we’re facing the effects of climate change and of political, racial, and economic division, we might find ourselves saying, “Just give me real human connection, clean air, and civility.” Our usual desires may have fallen away, at least temporarily. This is a good sign, but perhaps fleeting once the crisis feels past. If we are going to find our way to real equanimity and inner peace, we need to cultivate a sense of enough that lasts. At this moment of having so much less in our lives, let’s retrain our brains from always wanting more (regardless of circ*mstances) to feeling satisfied with what we have.

At this moment of having so much less in our lives, let’s retrain our brains from always wanting more (regardless of circ*mstances) to feeling satisfied with what we have.

To help you reflect on feelings of enough and not-enough in your own life, think about these three scenarios as they apply to you:

  1. Acknowledge the pain you experience when your mind wants more money, love, or time. Are you looking for something or someone to rescue you from your current sadness, boredom, or scarcity? The benefits of allowing yourself a full recognition of pain are that:
  • Painful feelings can motivate us.
  • Pain can bring us into the present moment.
  • Pain can lead to the insight that wanting more doesn’t bring lasting relief.
  1. Review instances in your life when actually achieving more money, higher status, more time, or love did little to bring you more sustained joy or ease. Perhaps it was after a salary increase or business expansion, a year after you met the love of your life, or after you purchased a “time-saving” iPhone or technology service. Before too long, were you wanting another promotion, more love from your partner, more free time?
  2. Review instances in your life when your happiness had little to do with money, time, or love. Maybe this was a time in nature or a time when you were meditating, or playing with your child or nephew. What was the common denominator in these experiences? My guess is that you were in the present moment, not in the past, and definitely not in the future.

Our whole culture is conditioning us towards the future, encouraging us always to want more. Therefore, it takes conscious intention on our part to say “enough is enough” and let go of our attachment to the idea of the future being better than today.

You can feel—right now—that who you are and what you have are enough.

Even if you have to fake it till you make it, begin now. Appreciate what you have now. Be satisfied right now. This acceptance will train your brain to enjoy this very moment. This is the path both to having enough and to a felt sense of sustainable joy. Let go of the idea of enough arriving when the pandemic fades away, the inheritance arrives, the promotion begins, the raise is awarded, or when you find the right house or partner. Let go of the possibility of the future bringing you a gift, and find the gift in this moment. It will calm your nerves in this upside-down time. And when we are deeply relaxed, our wisdom—including our wisdom around money—is very accessible.

Cultivating Mindful Abundance

Here are three ways that you can bring an awareness of abundance and enough into your daily life:

  1. The next time someone asks, “How are you?,” walk the talk. Find a way to indicate that you have enough time, money, vitality, friendship, and love. The “enough” revolution has begun. For example, start saying “I’m feeling spacious, and not so busy anymore” to break your pattern.
  1. Try journaling for 5 minutes on the following: What if I had to live on less? That usually inspires fear in us, but can we bring a sense of equanimity and opportunity to this? Because of COVID-19, we might have less, but perhaps we are also spending less on clothes or restaurants. We may feel so isolated at present, that we might welcome the chance to move in with friends, even if it’s motivated by the need to save money.
  1. Start today by pausing for one moment of the day, and sense into the possibility that you have enough, right now. Repeat this daily for a week. Then, increase to 2 distinct moments of sensing enough each day for week 2, then 3 distinct daily moments for ongoing weeks. My meditation teacher says that joy can only be felt now, in this very moment. If that’s true, then we’ve already arrived! Satisfaction and joy are here, right now, with what we have and who we are in this moment.

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How Much Is Enough? (2024)

FAQs

How much is enough summary? ›

The book (and Edward Skidelsky's writing generally) looks into the idea of the good life and how capitalism may have been the key to it, but we have now lost sense of the good life as a priority. The solutions offered to this problem are to "curb insatiability" and to consider a form of basic income for society.

How much is rich enough? ›

On average, Americans say they'd need to earn around $520,000 annually to feel rich, according to the survey. Bankrate polled 2,407 adults in the U.S. online from May 16 to May 20. That amount varies slightly by generational cohort.

How much is enough philosophy? ›

Instead, the Philosophy of Enough recognizes that you already have enough to bring happiness. It creates an understanding of what you really need to enjoy life, and helps you differentiate between genuine desires and mindless consumerism.

How much is enough to make a living? ›

Key Findings. On average, an individual needs $96,500 for sustainable comfort in a major U.S. city. This includes being able to pay off debt and invest for the future.

How much reading is enough? ›

You can easily do 30 minutes of reading a day without colossal effort. You don't have to read half of the book at a time to feel improvements, but quality 20 minutes of reading a day can be enough for brain stimulation. It makes sense to set book reading time limits for discipline purposes.

What is too much is not enough about? ›

In Too Much Is Not Enough, Rannells takes us on the journey of a twentysomething hungry to experience everything: new friends, wild nights, great art, standing ovations. And at the heart of his hunger lies a powerful drive to reconcile the boy he was and the man he might have been with the man he wants to be.

What salary is considered wealthy? ›

Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.

How rich should you be by 30? ›

If you're looking for a ballpark figure, Taylor Kovar, certified financial planner and CEO of Kovar Wealth Management says, “By age 30, a good rule of thumb is to aim to have saved the equivalent of your annual salary. Let's say you're earning $50,000 a year. By 30, it would be beneficial to have $50,000 saved.

What is the 1% income? ›

The U.S. threshold for joining the top 1% stands at $787,712 in 2024, a 20% increase from the roughly $652,000 required last year, according to a new analysis of IRS data from SmartAsset. By comparison, U.S. median annual income stands at about $75,000, SmartAsset said.

How much money is enough to be happy? ›

The Purdue study also included figures for being content at the “life evaluation” and “emotional well-being” stages. Globally, those were determined to be $95,000 and $60,000 to $75,000, respectively. It's important to keep in mind, though, that “happiness” is subjective.

What is the concept of enough? ›

A feeling of enoughness, of having and being enough, is based on the subjective perception of a moment as adequate. In a sense, this means to view it independently from alternatives and potential, simply for what it is. In a moment of enoughness, what or how something was before or what it could be is irrelevant.

Is $60,000 a good salary for a single person? ›

A single person can usually live well on a $60,000 annual salary. However, if you have expensive tastes, are carrying a lot of debt, live in an area with a high cost of living, or are supporting multiple people, you may find it more challenging to get by on $60,000 a year.

How many Americans make over 100k? ›

Only 18% of individual Americans make more than $100,000 a year, according to 2023 data from careers website Zippia. About 34% of U.S. households earn more than $100,000 a year, according to Zippia.

Is $100 000 enough to live on? ›

The report tallied estimated annual essential expenses for such a family and then doubled that figure. Using that framework, GoBankingRates found that all 50 states require more than a $100,000 annual income, according to the report, with 38 states needing more than $140,000.

What is the summary of one is enough? ›

This book is about Amaka, a Nigerian woman forced out of her husband's home when it is discovered she is unable to have children. She decides to start her life over in another city. She changes and grows in her quest to find fulfillment as a single woman.

How much is a short summary? ›

They are most often no more than 200-400 words. Brief summaries contain only the most important information to prepare the reader for what is to come.

What is the summary of I am enough? ›

'I Am Enough' is a children's book that promotes self-acceptance, self-esteem, and empowerment. The book emphasizes the importance of accepting oneself as they are, celebrating their uniqueness, and recognizing their worthiness.

What is the message of I am enough? ›

I Am Enough by Grace Byers is an uplifting and motivating book about female empowerment and respect for diversity. The consistent message through this book is one of self-worth and embracing differences.

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