As people age, particularly those reaching their eighties, the value they place on material possessions often diminishes. This statement suggests that at an advanced age, the allure and importance of wealth and its trappings, such as luxury goods or expansive homes, are not as significant as one might think.
The underlying message goes beyond mere materialism. It implies a broader shift in priorities from external achievements to personal fulfillment and experiences. As individuals approach the later stages of life, they often reflect on what truly matters—such as relationships with family and friends, health, and contributions to society—and find that these intangible elements hold more value than any amount of wealth can provide. This perspective encourages a reevaluation of one's values and priorities throughout different phases of life.
Chuck Feeney, the man behind this quote, is an Irish-American philanthropist known for his approach to living modestly while donating vast sums of money to charitable causes. Born in 1931, Feeney co-founded Duty Free Shoppers (now DFS Group), which became immensely successful. Instead of retaining his wealth for personal use or passing it on to his heirs, he established The Atlantic Philanthropies, a foundation dedicated to improving the quality of life through various charitable initiatives around the world. His philosophy and actions exemplify the essence of the quote, demonstrating that true fulfillment can come from living simply and giving back to society.