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Article:
Money's Sad Lack of Intrinsic Value by: Terry Mitchell A good number of my columns deal with finances and money-related issues. Obviously, these are issues we have to confront everyday. However, I have to try to keep in mind the fact that money has only a limited value in our lives. Many of us, including myself, often lost sight of the fact that money is a means to an end, not an end in itself. It has no intrinsic value. It is only worth the benefit or enjoyment that a person can get from it. If someone is unable to glean any benefit or enjoyment from the things it can buy, then it is worthless to that person. We all know (or at least we should know) that money can't buy happiness, but I'd like to go a few steps further in demonstrating how money lacks intrinsic value. I have trouble getting excited about my retirement that may or may not occur 25 years from now. A few weeks ago, I received my annual statement from the Social Security Administration, informing me about how much my monthly benefit would be for each of the following scenarios: working until age '62
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