While our culture encourages wealth accumulation and financial independence, saving for the future crosses the line into hoarding when it prevents us from being generous. The Rich Fool’s articles on saving and investing provide practical advice on how and where to invest money intended to be used for future financial needs, including retirement, and how to know when you have enough.
Retirement planning advice often recommends saving as much as possible, including maxing out 401Ks. But we turn into rich fools when we aimlessly accumulate more wealth without a plan or purpose. Like other financial goals, we should approach retirement intentionally with a specific goal in mind. That should include a financial finish line that guides contributions.
As The Rich Fool, one of the core themes I plan to explore revolves around the question of what it means to build bigger barns. It feels critically important to define what “bigger” means and set some financial finish lines, considering the fate of my biblical counterpart who was condemned by God for stockpiling an abundance of possessions beyond what he could ever consume.