When Is Enough Enough? The Psychology of Wealth

In this episode of EWA’s FIN-LYT Podcast, Jamison Smith and Matt Blocki explore the psychology behind “When Enough Moves” and why high achievers often struggle to feel financially satisfied, no matter how much wealth they accumulate. Drawing from nearly two decades of advising experience, they break down how identity, stress, purpose, and social comparison all contribute to the ever-shifting net worth goalpost. Jamison and Matt share real client stories that reveal the hedonic treadmill at work, from business owners whose net worth goals jump from $3 million to $100 million to retirees who have more than enough but still struggle to give themselves permission to enjoy what they have built. They explain how wealth can amplify both fulfillment and anxiety, and why, without a clear philosophy, emotional discipline, and purpose driven intentions, accumulating more money can actually decrease life satisfaction. The conversation highlights the difference between healthy growth and toxic goal-chasing, offering practical frameworks such as values exercises, the life wheel, and defining “minimum, ideal, and stretch” lifestyle targets. They unpack the dangers of comparison, the importance of emotional risk management, and why true wealth is less about the balance sheet and more about autonomy, alignment, and peace of mind. Join us each week as we share insights to help you align your wealth with the life you want to live. Connect with EWA: https://ewa-llc.com/   / ewa.llc     / equilibrium-wealth-advisors     / equilibriumwealthadvisors   View EWA Disclosures and Firm ADV: https://adviserinfo.sec.gov/firm/summ...