A life on the hunt for wealth and luxury is poorly spend.
Epicurus was the originator of the commune. He would advise people to move in together with the people they loved, work for a few hours a day, just to get their bare necessities and enjoy lots of leisure time and creative endeavors.
This idea has really resonated with me the last couple of years.
When you make the simple calculation for how much time you need to give up to pay for luxury items, say a new BMW, you really see it this from a sobering perspective.
In Denmark, where I come from:
- A new nice BMW might cost you 1 MIO DKK (all taxes included)
- A fairly standard hourly wage, after tax is 100 DKK, but let’s say you are a high-earner and get double = 200 DKK
- The standard working week here is 37 hours, but let’s say you are willing to dedicate your life to paying for the BMW and work double = 74 hours
This means you would have to give up:
1.000.000/200/74/52 = 1.3 years
No vacation, no holiday. And this is assuming, you pay for the car in cash – which nobody does.
Are you willing to give up more than a year of your relatively short life, just to be able to drive a nice car, that most likely, will be MUCH less exciting to you in 5-10 years?
And if you want to lead a life of luxury in general, we haven’t even begun talking about the fancy house, the boat or vacation home.
Obviously, I can’t say anything bad about people who loves their job, earns a nice salary and spends it on things they enjoy, like a nice car.
However, if luxury and wealth have become the primary goal of one’s life, and work is seen as tedious and as a pain, I have to assume you are getting a bad deal in the end. The amount of time you need to give up is simply too high for it to be worth it.
Rather accept what you’ve already got, and learn to be happy where you are. Do work you are passionate about, and if that allows for a more spendy lifestyle, fine! Just never let it be the reason for why you do anything.