There’s a movement toward redefining money: instead of accumulating money for what it can buy, more of us want to use money to live the best life possible with what we have––a concept known as Return on Life™ (ROL).
“Do I have enough money to get married?”
“Do I have enough money to have more children?”
“Do I have enough money to start my own business?”
“Will I have enough money to retire?”
These are typical questions that people often ask themselves over time when they start thinking about financial planning. And that’s only natural. We expect our money to help us feel safe, provide a safety net for key life transitions -- especially as we grow older -- and start thinking about retirement.
Unfortunately, if you view your savings and investments only as numbers on a page that you’re trying to nudge upwards, then there’s no such thing as “enough.”
Quick, what’s the definition of a happy life? This semester, about a quarter of Yale University’s undergrads signed up to find out, making it the most popular class of all time at the school.