People tend to fall into 3 different categories of how they view money, which ultimately impacts how they manage it. How important should it be to you?
Love of money/materialism: Thus is the most extreme view whereas you practically worship money. Earning more and obtaining more just to earn more and have more. It can be a trap that creates a lack of satisfaction. Although it may at first seem hard to digest, poor people can worship money and wealthy people may not because it is not about the amount that you have.
Don’t care: Another extreme view is not to care at all about money, although this doesn’t seem as common. This can cause problems because you may not use your money wisely and will probably be rather reckless.
Balanced approach: Thus is where you view money for what it is; a resource that has been given to us to use wisely. But what exactly is the wise use of money? It is taking care of your family, the poor, investing and saving wisely, spending within your means, and not being too emotionally wrapped up with money. It may mean owning a 5,000 square foot house or it may mean renting a small apartment; shopping at Wal-Mart or Neiman Marcus. Confusing, isn’t it?
Just realize what the purpose of money is and don’t let anyone tell you how much or how little you need. Learn, seek advice, and try not to get stressed out over it.
If you like what you just read then don’t hesitate to forward/share with your friends.
Make sure to subscribe to our weekly emails to receive practical business, financial and tax strategies! Sign Up Now!