I ask, "How much money/wealth are you shooting for and what are your reasons for wanting that wealth?"
They say, "I want enough money so I don't have to worry about money anymore."
It's sounds easy enough doesn't it? It makes perfect sense. Unfortunately, the wall of worry increases as does our wealth.
But wouldn't we worry less if we had more money? You would think so wouldn't you. But the strange thing is, the more money that you have, the more you will worry about the money and your fear of losing it will escalate.
As we age and if we are executing a financial wealth building plan, we accumulate wealth. And we worry more than when we were younger when we had less.
Go back to your college dorm room days when you barely had enough money for Macaroni & Cheese, pizza and beer. Did you really worry about money?
But if you saved and invested, you soon worried about losing your $50 grand. Then you worried about losing your $100 grand. Then you worried about losing your quarter million, etc.
I can ask my larger clients what they worry about and they can give me over a million reasons - literally. Who calls me more with concerns when markets get volatile; owners of million dollar portfolios or owners of $10,000 portfolios?
If you think you'll one day have enough money to stop worrying about money, I may have bad news for you. You may never stop worrying about money. Actually, you may worry more and more as you accumulate more and more. You have more to worry about, not less.
And before you say, "Well, I wouldn't worry if I had $10 million, or $50 million or $100+ million," there have been plenty of people that have experienced reversals of fortunes. You may argue that you will be different, that at $50 million you really wouldn't worry. I'll take your word for it for now. In the meantime, I guess all you have to do is figure out how you are going to accumulate $50 million so you don't have to worry anymore...