Interesting video, although it would have been interesting to get his take on how to define “enough”. It seemed a little truncated to me. I’ve always liked the Wealthy Barber’s approach. Pay yourself (save) 10% of all that you earn and invest it for long-term growth, build your RRSPs, and pay down your debt with any extra money. Regardless, of those that really do have the ability to do so, there are probably far too many people who put off saving for too long becuase they aren’t willing to give up a little something today. Such a large proportion of the population has such a “must have it now” attitude. So many have become so self entitled and feel they “deserve” things immediately simply because they “want them” that they fail to plan for the future because they (often inappropriately) think they can’t.
A little bit of balance goes a long way.