Capitalism

The Actual Meaning of a ‘Midlife Crisis’

I just celebrated another trip around the sun, and based on my year of birth, I am still clinging to the age range where people like to ask you if you’re experiencing a “midlife crisis.” Fortunately, nobody that actually knows me has asked me this because they know better.

You see, usually people’s intention with this comment is pejorative, one aimed at a subtle and passive-aggressive criticism of another for the very real feelings of self-assessment and desire for peak experiences in what’s left of one’s life.

The standard bromide here is that if a man (and it’s almost always a man who’s scolded with this pejorative) wants to experience some actual fun in life, either through buying a motorcycle or a McLaren or entering into an exciting, new loving relationship with someone who sees his value, that he has somehow regressed into a state of lost and willful adolescence.

Well, to anyone out there who criticizes or critiques or otherwise derides another with the comment, “he’s just going through a midlife crisis,” my response is — why are you criticizing another for wanting to experience life to the fullest?

Why is your conception of what a middle-aged man “should” do of any relevance to the way that middle-aged man chooses to live his life?

What I have found to be the case is that those who sling arrows at others for how they choose to live their lives are often those who need that arrow aimed directly at themselves. “Misery loves company” is the adage that comes to mind here, because all too often, the “he’s just going through a midlife crisis” critique comes from a place of latent and/or explicit jealousy over someone choosing to experience life on their own terms.

The philosophic underpinnings that give rise to this sentiment are easy to identify. The ethics so prevalent and so ingrained in the culture for thousands of years are those of self-sacrifice, suffering, duty and the so-called “moral good” of living your life in the service of others. Your life is transient, and doesn’t really matter, so say these ethics. What really matters is your service to others, to the group, to society and to the collective.

Yet, ask yourself this: Why doesn’t your life matter just as much as anyone else’s life?

Isn’t your life the only one you can live? Moreover, don’t you have the right to be happy? Or is your happiness somehow a source of moral turpitude?

According to my ethics, the ethics of rational egoism and rational self-interest, you have the right to your own life, and your own achievement and your own pursuit of your own happiness. You don’t have the right to sacrifice others to your cause, nor do you have the duty to sacrifice your happiness to others.

The chief exponent of this philosophic view is novelist/philosopher Ayn Rand. In her magnum opus, “Atlas Shrugged,” the protagonist, John Galt, puts this theory of ethics in brilliantly succinct and powerful form during the climatic speech scene:

“A morality that dares to tell you to find happiness in the renunciation of your happiness — to value the failure of your values — is an insolent negation of morality. A doctrine that gives you, as an ideal, the role of a sacrificial animal seeking slaughter on the altars of others, is giving you death as your standard. By the grace of reality and the nature of life, man — every man — is an end in himself, he exists for his own sake, and the achievement of his own happiness is his highest moral purpose.”

Indeed, one of Rand’s most-brilliant contributions to intellectual history is this defense of one’s pursuit of one’s own moral happiness and rational self-interest. And because this view challenges thousands of years of conventional morality so deeply ingrained in us all, it’s both difficult and, at first, somewhat uncomfortable to consider.

Yet, when we do stop and really contemplate the idea of rational egoism, we realize that however difficult our struggles may seem, the pursuit of our own happiness is our highest moral purpose, whatever we deem that happiness to be — even if that happiness come to us in the form of a midlife motorcycle.

*****************************************************************

The Things We Lost

They say time is the cruelest trick of all
You’re riding high, next thing you know your back’s against the wall
You can’t take it with you when you go
And we’ve all gotta die someday
When it all turns to black, we’ll be left looking back
At all the things we lost along the way

— American Aquarium, “The Things We Lost Along the Way

As we grow ever more seasoned, the notion of “the things we lost along the way” builds up like the plaque in our arteries. Knowing the inevitable fate that befalls us, isn’t it incumbent upon us to live for the now? Doing so will allow us to create more beautiful memories that, eventually, we’ll all lose along the way.

Wisdom about money, investing and life can be found anywhere. If you have a good quote that you’d like me to share with your fellow readers, send it to me, along with any comments, questions and suggestions you have about my newsletters, seminars or anything else. Click here to ask Jim.

P.S. My Eagle colleagues will be hosting a free teleconference on Aug. 16 at 2 p.m. EST entitled “How to Turn $2k Into $10k in 90 Days.”The event is free, but you must register here to attend. Don’t miss out!

P.P.S. Come join me and my Eagle colleagues on an incredible cruise! We set sail on Dec. 4 for 16 days, enjoying a memorable journey that combines fascinating history, vibrant culture and picturesque scenery. Hear seminars on the days we are cruising from one destination to another, as well as dine with members of the Eagle team. Places we’ll visit include Mexico, Belize, Panama, Ecuador and more! Click here now for the details.

In the name of the best within us,

Jim Woods

Jim Woods

Jim Woods is a 20-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor. Jim is the editor of Successful Investing, the Bullseye Stock Trader, and The Deep Woods (formerly the Weekly ETF Report). His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. His articles have appeared on many leading financial websites, including StockInvestor.com, InvestorPlace.com, Main Street Investor, MarketWatch, Street Authority, Human Events and many others. Jim formerly worked with Investor’s Business Daily founder William J. O’Neil, helping to author training courses in the CANSLIM stock-picking methodology. The independent firm TipRanks rates Jim the No. 3 financial blogger in the world (out of more than 6,000). TipRanks calculates that, since 2012, he's made 361 successful recommendations out of 499 total, earning a success rate of 72% and a +15.3% average return per recommendation. He is known in professional and personal circles as “The Renaissance Man,” because his expertise includes such varied fields as composing and performing music; Western horsemanship, combat marksmanship, martial arts, auto racing and bodybuilding. Jim holds a BA in philosophy from the University of California, Los Angeles, and is a former U.S. Army paratrooper. A self-described “radical for capitalism,” he celebrates the virtue of making money from his Southern California horse ranch.

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