subject: Money Pros And Cons - Personal Finance Basics [print this page] Money Pros and Cons - Personal Finance Basics
Is money good or is it bad? Depending on what way you look at it, money can be good but it has the potential to be a bad thing as well. Money is good because it allows you any type of lifestyle you desire. It has the ability to fund your dreams like going on holidays or could allow you to retire early. Money creates the chance to have a family, live in any city you want and allows to you to do anything you desire. Proper money management is the simplest form of personal finance basics.
The down side to money is if you live for it. By slaving away at a job that you do not like to earn money makes it bad. Money can misguide people enough to become workaholics and pay little attention to their loved ones.
Without question money has more good aspects than bad. The bad things related to money are often linked with misuse or greed.
What is Money to you?
Do you think that earning boat loads of money to live the life of luxury is important to you or would you like to work just enough so you can live modestly. The options are easy with little grey area and we all make that choice when we deal with the personal finance basics in our lives.
If you want to work 60 hours a week so you can afford to drive a high end luxury vehicle and own a 3500 square foot house is the way you want to live then more power to you. Sadly, I believe|in my opinion} you have become a slave to cash if you must work that much to own an expensive car and oversized home.
On the other side of the scale if you only desire 100% freedom and 0% responsibility then you have become a slave to your lifestyle. Cash likely has no value to you and you make just enough to make ends meet. Is that a bad thing? Who am I to say.
I believe there is a happy medium with regards to money. You can have all of the money positives and none of the negatives. Hard work is always important but it's good to know that you should not work for money. The more you understand personal finance basics, the more money will actually give back to you and the less likely you will be it's slave.
The best advice I can give is to find an occupation that you truly enjoy and would probably do it for free anyway. If you're unhappy where you are working chances are it's because you only see the how much you make at your job. The way to make money a positive factor to you is to change the way you think and love where you are. Ironically, the more passion you put into your life, the more the money will actually flow in. In short you will work less and earn more.
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