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Jill on Money with Jill Schlesinger

How Much Is Enough?

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.61.9K Ratings

🗓️ 20 September 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

Even if my wife decided to quit work and join me on the sidelines, I think we're fine for retirement. So now I'm wondering, when is enough, enough?

Have a money question? Email us, ask jill [at] jill on money dot com.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Show. It's Tuesday, September 20th, and we are here continuing

0:10.1

to answer your financial questions. So today, we have the beginning of a two day meeting

0:17.0

for the Federal Reserve Board. And tomorrow, I am pretty sure that we're going to get that

0:23.8

three quarters of a percentage point increase could be wrong. I don't know. Maybe it'll be 100

0:28.4

basis points. Maybe it'll be a half, I don't see it being a half, the underlying report in the

0:34.9

CPI, the underlying stuff in there really does mean that the Fed's going to keep moving. So hopefully

0:44.2

that will continue to do the job and hopefully bring down inflation may not happen soon enough for

0:49.6

for you, but that's where we are. Okay. So let's get back to you. If you've got a financial question,

0:56.4

if you have something going on in your life and you want us to weigh in, just go to our website

1:02.5

Jillonmoney.com, click the contact us button. That's how we receive all communication.

1:08.2

And if you'd like to come on the program, just click the box at the very end. And that is what JP

1:13.0

did. JP is on the line from Milwaukee. Hi, JP. How are you? Hi, you two. I'm so glad to talk to you.

1:19.7

What's going on? How can we help you out? Well, my topic that I called in or wrote into you

1:26.0

with is one million enough. And can I tell you a short story of how I came up with that question?

1:31.4

Sure. I heard it was neither on the television or radios. Two wealthy people were at a party.

1:38.2

They were talking about a third person that was not with them saying to each other, my God,

1:43.9

we're successful, but we'll never have as we'll never be as rich as he is. And one of the other

1:48.8

fellas said to this guy, oh, but I'll have something he'll never have. Hey guys, what's that?

1:54.8

Enough. So it's that striving for greater and greater wealth. And I think we have enough. I'd

2:02.4

like this conversation to convince my wife that we have enough. Okay. You know, it's so funny

2:08.8

because when we talk about what is enough, often I'm left with this feeling like, well, the number,

2:17.1

it's not the number. It's, you know, what does everything else look like? Yeah. How are you living

...

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