“Money can’t solve all of our problems, but it can solve the money problems. And most folks have a few of those. A lack of funds can be a catalyst for severe stress and anxiety, but having money carries its share of stressors too. That principle was articulated simply by the late Notorious B.I.G.: “Mo money, mo problems.” It’s cliché, yes, but it’s all too accurate. Money can cause a host of severe problems that never existed in the absence of it. So, if it’s difficult on both sides of the money spectrum, which side is better? For someone of your caliber, a surplus is probably a preferred route. Let’s go for that.
If the goal is to have security, peace, and freedom, you need sufficient funds. Saving money is a valuable skill, but it’s not enough to carry you to the goal. You must also maximize your earning and investing potential. An efficient income generator, coupled with a minimalist mindset, can create a stress-reducing path to financial security. You must continue to fortify your mindset along the way and ensure that your human needs are never in desperate supply.
The initial plan is to establish a stable “routine where income heavily outweighs expenses. The list of target costs includes necessary bills, healthcare, emergency funds, debt elimination, retirement investing, family needs, and a stash for recreation and leisure. The secondary plan is to use multiplication, not addition, to grow the money. I know some of you already have this stuff covered. Please forgive me if some of this material is below your financial acumen, but statistics show that the number of people lacking financial stress is minuscule. Most of us can and should make some adjustments. I can tell you from experience that slaying the money monster is worth the effort. It is an attainable goal for an over-achiever like yourself. Of course, if achieving financial stability were easy, most Americans wouldn’t be in debt and under-invested.
All of us have different attitudes toward money, depending on our experiences with it and without it. Whether we idolize money or despise it, our emotional attachments to the idea of money can “control us. Our sentiments concerning finance are just as important as any bank statement. Those opinions get implanted into our psyche over time by the people and environments around us. Was money ever even discussed in your home? Was it talked about nonstop? Was it always a negative experience? Where did you get your current psychology concerning cash?
Money matters are to blame for much of the epidemic of stress and anxiety people face today. Few people take true ownership and honest responsibility for them. Financial woes always rank toward the top of the list for reasons that married people get divorced and also why many others don’t get married at all. It’s the reason people don’t move to a better neighborhood or school system for their children, and also the reason people choose not to have any kids at all. Money woes can cause grief, insomnia, depression, stomach ulcers, envy, and anger. Money doesn’t create these problems, of course. It only makes them more severe. Money is a magnifier of the character and interpersonal issues that exist underneath it. With some extra dough, caring people can be more charitable. Power-hungry people can become more ego-driven.