How much excess wealth is it ok to have before you become a glutten?

Question

By excess wealth I mean like extra food/clothing/misc fun stuff ect... Is there an idea point when you have accumulated enoth stuff to stop buying new stuff and or start giving stuff away?

Answer 1

The word is GLUTTON. It is a word that describes overeating and not wealth.

There is not such thing as excess wealth. If you earned it then it is yours to do with as you see fit.The point where a person does not know how much they are worth or where his/her money is a sign they need to give back.

Answer 2

I dont think it is how much you have, it is the pack rat routine, the pile ups, you know what I mean. Circulation of money and possessions is important, to make use out of it is what I mean. If it just sits around and gets no use then recycle it, when it comes to all things they must have movement, the reason we went into the great depression was because people were not moving the cash from the banks they were hoarding it, and the stock market crashed. Today they move the money but into the same problem not where others can benefit, so they are gluttons, and that is why we are in a depression now as well. Money is being moved but back and forth and being put into property and that does not give jobs or salaries.

Answer 3

I think the best dividing line would be where you stop "needing" and start "wanting," although this requires being very honest with yourself about your needs and wants. If you already have more than you need, start gradually giving things away one at a time that you wouldn't feel a "need" for if they were gone. Eventually you should reach a pretty decent equilibrium, and it may have the added bonus effect of making you less materialistic (or maybe more materialistic, since much of your life will be focused on whether or not you actually need certain material goods - it all depends on how you want to look at it.)

Another possible ideal point would be to stay below the amount of material goods that will tie you down. If you can own a house and fill it with possessions, but still be able to go and do anything you want, this may be OK for you. On the other hand, if owning a couch makes you feel like you can't leave the area, you may be best of donating it to Salvo.

Answer 4

From a global perspective, about 80 percent of everyone in America (yes, even members of the middle class) has too much excess wealth. It's because we're such a shallow, money-worshipping, materialistic culture that we don't even stop to think of the people in rural Africa dying of treatable diseases like malaria because they don't have a functional hospital, or the women in China forced into prostitution to feed their kids, or the Indonesian sweatshop workers who suffer human-rights abuses while producing completely superfluous name-brand products that only Americans could possibly afford to buy. Just having a roof over our heads and a sanitary bathroom and a quiet neighborhood and the freedom to splurge on such simple things as chocolate makes us far more fortunate than many others in the world.

Rather than buying that T-shirt you don't need because you already have more T-shirts than you could wear in two weeks or those name-brand rather than plain Made in USA tennis shoes, donate the money you would have otherwise wasted. Find some favorite charities (http://www.charitynavigator.org/index.cfm ) and give regularly. Cut down on indulgent and unhealthy habits (like Starbucks every morning). Avoid buying things (even for gifts) that get thrown out (cards, knick-knacks). Recycle. Volunteer your time. Read up on current events in developing countries. Drive less and walk more to avoid throwing money away on gas.

'Live simply so that others may simply live.'

Answer 5

There is only so much you can buy which will fit in your house.

Many rich people collect cars as a hobby. But those cars rarely leave the garage and are an investment. After all... you can only drive one at a time.

I have a friend who is retired with 10 million dollars. He lives a very normal life and all his money is tied in properties which he rents. The rent from these properties is his income to live on. And it is about the same as what a computer analyst would make in a year. So... like I say... very normal.

So... I would say that you need at least 20 million before starting to worry about what to do with it. And not many of us will ever get that sort of money. No-one for sure... who is on Yahoo Q&A. People who make that sort of money are too busy working 18 hours a day.

Answer 6

What does it take to make you happy is where you can start answering your question.
Do you have too much stuff and it no longer fits into your living space?
Are you not saving enough for your future because you are spending too much?
Do you have so much new stuff that you don't wear or use it all?

And do you get comments from people close to you saying you may be spending too much money? By the way, not all wealth is measured in mere materialistic possessions!

Answer 7

The sole justification is on two things... our capabilities, and whether we put it to fullest use. The possessions are justified only on these two aspects..
Proof: All elected representatives are given the so-called luxuries, just to keep their minds free from 'want' or feeling of 'deprivation' during the term of their holding position/office, so as to be able to FULLY focus themselves in serving the nation.

Answer 8

ask trump's 54" waist line ;-), and he's a relatively minor player. another good question on point would be: what drives these narcissist sociopaths/psychopaths to "need" so much, and be willing to murder to get it, even after they have become quite wealthy, financially, by all standards of reason?

Answer 9

The point is that: When you build a Mall, like Asia mall

Answer 10

gazillionnnnnnnnnnnnn Booyaaaaaa