TheGoldenMonkey wrote:
I can’t wait to watch this! The whole issue of overconsumption has always fascinated me.
One small point of contention, though, is i feel it’s the consumer goods (not the money that was used to buy the consumer goods) that is fairly empty.
Money itself gives you options. You can weather the unexpected. You can keep a roof over your head. You can leave a toxic boss. Having a solid emergency fund can keep things from being worse than they would’ve otherwise been. It gives you the means to be less stressed during a difficult time.
On the other hand, consumer goods are hardly ever there for you in a pinch. If a person is out of work for ten months, what are the odds that the heated seats in your luxury car, will transform back into dollars? No chance whatsoever.
You nailed it. If you look at the lives of many "great men" many come from wealth and what that wealth allowed them to do was weather a big failure, or take the initial risk because in reality- there was no risk. If their business failed they would still be rich, maybe not AS rich as now, but rich.
The first person that comes to mind is Teddy Roosevelt. He lost a fortune in the cattle business before getting into politics. A normal person would have been destitute, possibly in jail- but because he was from one of the wealthiest families in the US he just sailed along.
Having some money allows a person to get by when the bad things happen. If you are working poor and you have a car breakdown, a car accident, an illness, work stoppage, those things can destroy you.