He Who Knows He Has Enough

According to the ancient Chinese philosopher Lao Tzu, “He who knows he has enough is rich”. But in Canada’s financial services industry, the focus is almost always on how to get more, even in cases where the individual already has enough. Rarely is the focus on how to wisely use and enjoy what someone has already accumulated. It makes sense to consider your capital in two ways. There is our “essential capital”, i.e., the amount necessary to achieve all of our...