Moneys Sad Lack of Intrinsic Value plus articles and information on
Inspirational A good number of my columns deal with finances and money-related
issues.
Obviously
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However, I have to try to keep in mind the fact that money has only a limited
value in our lives. Many of us, including myself, often lost sight of the fact
that money is a means to an end, not an end in itself. It has no intrinsic
value. It is only worth the benefit or enjoyment that a person can get from it.
If someone is unable to glean any benefit or enjoyment from the things it can
buy, then it is worthless to that person. We all know (or at least we should
know) that money can't buy happiness, but I'd like to go a few steps further in
demonstrating how money lacks intrinsic value. I have trouble getting excited
about my retirement that may or may not our 25 years from now. A few weeks ago,
I received my annual statement from the Social Security Administration,
informing me about how much my monthly benefit would be for each of the
following scenarios: working until age
62
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impressed with those figures. Also, so what if I might have hundreds of
thousands of dollars in my various retirement savings aounts by then? I'm not
impressed with those figures either. In fact, I wouldn't be impressed by any
dollar figure. The two main reasons that I can't get excited about retirement
only serve to highlight money's lack of intrinsic value. First, I know that, not
even counting inflation, time devalues money for almost every individual. Here's
an example of what I mean. At my current age, I can now afford most of the
things I wanted at age 20 but could not afford.
However
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no longer want them. At age 60, I'll probably be able to afford most of the
things I want now but cannot afford. But, when that time es, will I still want
them? I doubt it. I fear that when I finally reach retirement, I'll no longer be
interested in spending any money on anything except the basic needs of life like
food, clothing, and shelter. While it's important to be able to afford those
things in your twilight years (many seniors can't), I can't gleefully anticipate
retirement to live a life of mere existence that all the money in the world
can't remedy. In honesty, no amount of money of can sufficiently make up for the
damage
done
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process. The old saying goes that "youth is wasted on the young." Well, I'm
going to add the following corollary: "High ines and large bank aounts are
wasted on the old." It's too bad we can't have our retirement (along with the
retirement money) when we are young and can still enjoy it. But such are the
consequences of money's lack of intrinsic value. Second, all the money in the
world could not adequately pensate a person for being disabled, sick, or dead.
Don't the people who are so excitedly looking forward to retirement realize they
could die or lose their health before (or shortly into) their retirement? That
has happened to countless numbers of people and continues to do so every day.
Wouldn't it be nice if someone could guarantee you that you would live to be 100
and stay in as good of health as you are in now? Unfortunately, no one will be
ever be able to give you that guarantee. Obviously, none of us have even a
minute more of life promised to us. However, the longer the time period we plan
to hold on to our
money
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before it can do us any good. By the way, money's lack of intrinsic value is the
main reason you should never put it ahead of your health. However, there are
many people who do exactly that. Some will work themselves to death or ruin
their health just to make a few extra dollars. They apparently don't realize
that money and possessions bee meaningless when and if you lose your health (or
your life). I speak from experience on this issue. Nine years ago, I was
diagnosed with stage three cancer. I was sure I wasn't going to make it, even
after I was told by the doctors that the chemotherapy was destroying the cancer.
It's amazing how all of my material possessions that I had thought so much of
suddenly became so meaningless to me when I had lost my health and thought I was
going to die. True, money can be used to buy the best health care possible.
However, even the best health care money can buy can't always restore you to
good health or even save your life. Of course, a lot of people save money over
the course of their lives, not to spend it for
themselves
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That's great, although I've always believed that buying large insurance policies
is a much more cost effective way for people to enrich their heirs. Regardless
of whether you leave your heirs money in the bank, property, possessions, large
insurance payouts, or all of the above, whatever they receive will be just as
intrinsically challenged as it was for you. The bottom line is that, while we
all must earn as much money as we reasonably can and save responsibly for
retirement and other events in our lives, we must also keep it in perspective
and keep our priorities straight. Perhaps the use of more of our financial
resources to help others who are less fortunate is one way to keep our focus in
the right direction. At any rate
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it above things that actually do have intrinsic value - things like our
families, our physical and mental health, and our spiritual well-being. Terry
Mitchell is a software engineer, freelance writer, and trivia buff from
Hopewell, VA. He also serves as a political columnist for American Daily and
operates his own website - .menterry. - on which he posts mentaries.