How Much Is Enough?

How much is enough? This is one of the weightiest questions that this world asks of us. If you gathered all of the world’s bounty into one place and stood on a high place to survey it, how much of it would satisfy you? How much would be your fair share? The arguments that flow out of this central question have been the source of intense, often violent debate over the course of human history, indeed most wars have been fought over variations of the question of who is the rightful owner of what. I bring this up for a couple of reasons, the first being my lifelong quest to discover the answer and second, the news yesterday that the world’s richest man, Jeff Bezos’ personal net worth had exceeded 100 billion dollars.

The fact that one human being could possibly be worth that much money is repulsive to a lot of people. I noticed several people on Facebook venting their disgust at Bezos for his hoarding of so much money. Their argument goes something like this: Why, if he weren’t so greedy, he could solve the world’s poverty problem by giving it away to charity! Someone even attempted to do the math and incorrectly declared that he could give every person in the world like a million dollars and still have billions left over!! (Fabulously wrong) Never mind the fact that much of Mr. Bezos’ wealth consists of the value of his shares of Amazon stock, an entirely paper number. It’s not like the man sits, Scrooge-like, in the basement of one of his mansions running his hands through 100 billion dollars of gold coins every night. Still, 100 billion dollars is an unfathomable number. Put it perspective, if Bezos were to decide that he was tired of the rat race and just wanted to retire and live the rest of his life in leisure, he would have to run through about 10 million dollars a day for the rest his actuarial life to spend it all! Surely, he has enough...right? So why is he still so driven?

My own grappling with this question has been a contentious personal battle. In many ways I’m no different than anyone else. I like nice stuff. I enjoy a fine car, a beautiful and comfortable house, and nice clothes. I enjoy taking long and expensive vacations and shorter, more frequent weekend getaways. Nothing gives me more pleasure than being able to spoil my kids. All of these things require money. So, I pursue the acquisition of money with relative gusto. But, is there a point beyond which this pursuit is counter productive? When does the pursuit of wealth become an exercise in vanity? That’s the essential struggle of the thing...how much is enough. 

One of the problems lies with the fact that the answer to this question cannot be found in a vacuum. The reason the answer is elusive is because we aren’t alone in the pursuit. How much I have will always and forever be compared with how much my neighbor has. Wealth is basically how this world keeps score. It’s a store of value, a means of ranking one thing against another. When I walk into someone’s home for the first time, my mind seems to always start comparing the house and everything in it to my own. If the house is larger, the furnishings more ornate and grand, I conclude that the owner is wealthier than I am. As long as this conclusion doesn’t result in me coveting my friends house and stuff, I suppose I’m ok. But, sometimes I have to admit, I succumb to a creeping resentment. Why is this? Why should I begrudge anyone else their stuff?? It makes no sense to me. And yet...there it is. 

I have made much progress over the years in this regard. When I was younger, envy of the prosperity of others was a much more powerful emotion. It served as a great motivator. As I’ve gotten older, envy has faded from me, but for reasons that I don’t entirely understand, envy has never completely disappeared. It’s like it’s hardwired into my soul, this desire for...more. Which brings me back to Bezos.

What would I do if I were worth 100 billion? It’s easy for me to say that I would keep, say, 20 million for myself, and give the rest away to the poor. Frankly, having that much money would be an embarrassment to me. It’s also easy for me to have an opinion about what Jeff Bezos should be doing with his money, since I’m not the one who earned it. Nothing is quite so easy or sublime, after all, than spending somebody else’s money. Maybe if I was worth 100 billion, I would be an entirely different person, in fact, I’m sure of it. That’s because at some point on the scale, wealth changes a person. I’ve seen it in my business a thousand times. Someone inherits a bunch of money from a relative and they go nuts. There is a reason they call it life changing money. But, is the change that comes with wealth a good or bad thing? I don’t know. I guess it depends on the person.

I’ve reached an uneasy agreement with this question over the past couple of years. I know what my number is. It’s not that I would turn down a higher number, but I’m done chasing. I have discovered that the value of something isn’t the same thing as its price. Often in life, enjoying what you have is more valuable than chasing won’t you don’t have. A happier house is more valuable than a bigger one. My number is one that leaves me room to be generous to those who struggle. I think this is the point of that scripture verse that says...to whom much is given, much is required. If I am fortunate enough to have accumulated enough wealth to live a full, unrestricted life, then I’m in a position to help others along the way who might need a break. That has to be the purpose of wealth, right? Otherwise, if all money is for is a bigger car, bigger house and fancier stuff, then it’s meaningless and empty.