You just inherited $1,000,000 from an aunt you didn’t even know existed. What’s the first thing you buy (or otherwise use the money for)?
No, no, no buying folks, more savings! Invest it in the stock market and reap the reward in the next ten years, without actually taking the capital. Do you know that if the stock market perform 10% (the average growth of DJIA) and you leave it there for ten years, it will turn into $2.593.742?
Well i’d rather take it 2.5 million in the next ten years rather than one million now, assuming I will still be alive in the next decade. Anyway, how many goods do we need and will sastisfy us? It is a rat race, and endless pursuit with no finish line.