There are so many times when we think, “Make more, earn more, have more.” But do we ever really take the time to think about what money really means to us?
While I was growing up, money was extremely tight. In other words, if it didn’t fit into the “need it to live” budget, you didn’t think of asking for it. While this type of tight-stringed budget may have itself roots in many parts of America 20 years ago, what happens when life becomes so convoluted or tech-dependent that we forget what money really means to us?
Quite simply, what happens when people stop thinking about what money really means??
Meaning of Money
For some, figuring out what money means to them may mean deciphering among the following feelings and misconceptions about money:
- Power – Nobody can push me around, I will always have control of my life and be strong.
- Happiness – I’ll be happiest with copious amounts of money. Not having money causes all the problems in my life. If I have money, all of my problems in life will be solved.
- Security – My safety depends on having money. The more money I have, the safer I am/My family is.
- Freedom – Financial independence is all that matters. Once I attain this, I can work for myself, my life will be complete, and I’ll never have another worry.
- Love – Having money makes relationships so much easier. If I have lots of money, people will love me more.
- Respect – I worked hard and earned all that money, therefore, I should be respected!
Do you see the errors in these trains of thought??
Do you understand how vital it is to not only know what you have but to have some semblance of what it truly means to you?
What about when life happens and the money may run dry? What’s one to do when they’ve built their entire existence on money but it no longer exists in a way they’re used to being able to utilize it and/or its benefits?
This is when you need to realize that money is not an object–it is a tool.
What Money Really Is
Money is a tool to achieve your independence; a tool to allow your children to build a financially-sound future. It is not an entity that you can always control, nor is it something you can rely on for 100% of your life.
Therefore, proper management of your money is crucial if you hope to have it work for you well beyond your Golden Years…..
- Make your money work for you. Whether you plan to invest your money or simply put it in a savings account, make sure it’s working for you. Secure a great savings APR or take stock in the advice of trained professionals–whatever your strategy, make sure to own it, believe it in, and remain patient so your hard-earned choices may pay off some day.
- Be your own best adviser. We’ve all heard the horror stories of those who sign the control of their money over to others. Doing so signifies that you truly don’t understand the value or meaning of your money, so make sure to have a pre-determined adviser prior to making any decisions.
- Ride the wave. Sometimes life (the stock market in this case) gives you lemons and sometimes it (the stock market) gives you lemonade. Regardless of the product, make sure to ride the final wave until you’re satisfied with the output.
- Keep a great sense of humor. Above all, remember to smile and keep smiling. The road to financial independence is paved with speed bumps, so it’s best that you slow down, enjoy the ride, and learn as much as you possibly can along the way.
What does money really mean to you?
About Happy Homeowner
It is amazing how easy it is to get in the thought mode that “everything will be better if I just have a little more money.” I really like your list of money misconceptions. It definitely gives me something to think about!
Very good point about thinking money will solve everything – it is the behaviors that will solve things, not money.
I think the best advice–for life in general, not just money–is the last paragraph: Keep a sense of humor! Life shouldn’t be too serious, no?
Agreed! The more humor and positiveness you have, the better your existence will be!
Personally, I feel that money provides security and how it can give me peace of mind when raising a family. I know if I am having my money work for me and I continue to increase my income every time my expenses increase I am doing alright. But I think you make a good point that money is not everything. Now days it’s just a number on a computer screen. We live in a crazy world and you never know if/when money could be meaningless!
Great post. For me, money is just a tool. It’s something that I use to build a better future and ensure security for myself and my family.
Money to me equals security and freedom. Having money set aside for the future makes me feel secure and prepared while knowing I have money saved and not having to worry about it makes me feel more free. Still working on getting to the point where I can feel both of these things! I especially like the point you mention of making your money work for you. It’s a good psychological change for those who feel that they are bound to their financial situation instead of the other way around.
I’m with Shannon on this one. Money only means security and financial freedom to me. There is no power or love or any of those crazy things. I don’t think that if I had more money it would equate to a better life, although I acknowledge that more money would allow me to do more things which could then create more memories.
When all is said and done though, the best thing for me has always been to try and find contentment in what I do have today.
Being content while working towards the goals of security and freedom can be difficult, so it’s great that you mention it! It’s just too easy to get discouraged sometimes and that does nothing but slow you down while striving for those goals. I think I need to practice the contentment you mention!
As a Christian, I learned that money is a gift that I am to steward for God’s purposes in my life. Learning this actually took a huge load off, because I was no longer the sole owner and provider of this money. It enabled me to look at myself as God’s account manager for my life and motivated me to stop blowing it on useless, unimportant things and start pointing it towards my priorities.
I completely agree, money is a tool and when used properly, can help achieve the things above. But money is not the end, it is the means.
Money to me is a way to reach independence like you said. Once I accumulate enough I will be truly free to do what I want without having to worry about the financial impact of my decisions as much.
I truly think that money does not buy you happiness. As the late great Christopher Wallace said, “more money, more problems”. I agree with this statement if every time you have an increase in your income then you increase your standard of living – you may be going down a long hard road. However, if you can show control and be content with the “little” you have now, then when you are blessed with an abundance of money it will not control your level of happiness. Just my thoughts.