History is filled with stories of the depths people have went to for the love of money. Relationships have been lost… lives destroyed… and wars fought, all in the pursuit of the almighty dollar. No matter what your thoughts are on money, one thing everyone agrees on – it’s a necessary evil. Money is something many of us think about in some form daily and it doesn’t help that we receive all types of confusing messages from marketers about money.
Most people don’t understand how money works beyond the childish need for instant gratification or their emotional connection to money, so here are 5 things to keep in mind about money.
- The amount of money you have has absolutely no bearing on whether or not you’re a good person. Being good with money is like being good at cards (or whatever else you’re good at). People who are good at playing cards aren’t better or worse than anyone else, they’re just better at playing spades (or poker, rummy, etc.)
- Useless money spent on one thing is still the same useless money that is spent on something else. Spending $500 on a pair of shoes that collect dust in your closet is just as useless as a $500 tip at McDonalds.
- If you borrow money to make money, you made a long-term, wise move. On the other hand, if you borrow money to pay bills or buy something you don’t need, you’ve made a short-sighted, stupid decision.
- Ask anyone with money and they’ll tell you the smartest thing you can do with your money is get out of debt as fast as possible. There’s a reason why credit card companies make more profit than just about any other company in the world.
- If money is an emotional issue for you, that’s a big part of the problem. No one who is good at building houses has an emotional problem with hammers. Place your emotional problems where they belong, and focus on seeing money for what it is – a tool.