I Think ‘Set For Life’ Cannot Be Your Goal

I, and a lot of people, dream of being financially ‘set for life’.

But, I did some thinking, and no matter what your ‘number’ is, whether relatively small or whether it begins with a B, ‘set for life’ isn’t the correct goal.

Priorities Change once you don’t need to worry about money. Once you’re ‘set’ financially, you’ll start to care a lot more about other things, just like how you are ‘set’ with oxygen but hardly ever think about it.

Lifestyle Creep will set in and you’ll realize that while you were ‘set for life’ at your old lifestyle, you are probably only ‘set for a few years’ or at the least making some financially unsound decisions.

It Is Impossible To Eliminate All Risk. You will always be at risk of some sort, whether it be a car crash, violent robbery, or some other emergency. (Perhaps you’re liable for a kidnapping!) You could still lose the money to bad investments and inflation. Someone could sue you.

Boredom may set in once you’re ‘set’. You may want to continue playing the game, continuing to grow. Nobody gains the strength to bench 300lbs to purposefully go back to benching just the bar.

You And Your Emotions could always do something stupid with the money. You could give it all away, either to a charity or a smooth yacht salesman. The size of the ship doesn’t matter if the captain is drunk.

You Could Always Pick Up Unsustainable Habits that don’t affect your wealth, but greatly detract from the vision you had for being wealthy, happy, ‘set’ individual.

Your Reputation Can Always Be Damaged. Even if nobody brings you to court, eyes will be on you. Even with the money, your reputation can always go down the toilet.

‘Set for life’ seems like a worthwhile goal, but upon deeper inspection it is either undefined, simply impossible or both.

You can become more secure throughout your life, but set for life… we won’t be certain until you’re dead.