The Never-Ending Desire for More Money: Understanding the Human Condition

It is a fundamental aspect of human nature that we constantly crave more. This relentless pursuit is not unique to our species, but instead, it is a central facet of the human experience. The craving for more can manifest in various forms, whether it is the desire for more wealth, power, or prestige. This article explores the psychological underpinnings of this ceaseless hunger for more and how it affects our financial and lifestyle choices.

Nature of Human Beings: Unending Desire

The inherent desire for more is deeply ingrained in our psychology. Sometimes, this craving stems from a perceived inadequacy, a feeling that we are not enough. Subconsciously, we may feel that there is always a need to acquire more to fill a void. This mindset can lead to behaviors where we constantly seek to enhance our situation, whether through material wealth or other avenues.

Often, the desire for more is closely tied to the acquisition of money. This is not just about the money itself but also the power, prestige, and social standing that come with it. However, the pursuit of wealth is a two-edged sword. While financial independence can bring peace and security, many individuals find themselves caught in a cycle of wanting more, regardless of their current wealth.

Financial Independence vs. Financial Dominance

Financial independence is a state where one no longer needs external influences to sustain their lifestyle. At this stage, one can achieve a level of contentment and make conscious choices about their life. However, the pursuit of financial dominance is an entirely different narrative. Those with a strong desire for financial power often find that their ambitions never end, leading to an ever-expanding array of goals and aspirations.

As one's financial horizons expand, so too does their social circle. With each step up the financial ladder, the goals and desires become more grand. This phenomenon is particularly pronounced for those whose self-esteem is tied to their level of wealth. For these individuals, the more they have, the more their self-worth is perceived to be.

Real-Life Examples and the Role of Government

Consider a hypothetical example: imagine an individual who has amassed 2 million dollars, assuming an average lifespan of 80 years, and a current age of 65. At that point, they would need an annual income of $11,000 or more from additional pension income to cover basic expenses. Assuming an ordinary lifestyle with periodic car purchases, a paid-off house, and a couple of months of vacation each year, it would be challenging to spend a hefty sum each month without necessitating significant ongoing wealth.

However, in our current socio-economic climate, the demand for more is relentless. Governments often seek to take a substantial portion of earnings through taxes, such as capital gains tax and inheritance tax. For many, the feeling that their hard-earned money is being taken by the government without appreciation can fuel a desire to keep acquiring more assets. This creates a cycle where people often find themselves in a position to constantly invest and build their wealth rather than spending it.

Life's Unpredictable Changes

Life is full of changes, and these changes can alter one's financial targets. For instance, one might start with a seven-year plan and achieve financial milestones. However, unexpected events like a pandemic or geopolitical conflicts, such as the war in Ukraine, can necessitate readjustments. Additionally, unexpected opportunities or changes in personal or professional life, such as working in Europe, might lead to the purchase of properties, thereby raising the financial threshold.

The conclusion is clear: life moves on, and so does the amount of money required to maintain a certain standard of living. This is a reality that is often beyond our control and is influenced by various external factors. Ultimately, whether one chooses to stay content with their current financial situation or continue to pursue more, the choice is both personal and complex.