Sunday 9 December 2012

What If You Had Lots of Money?

by MONEYNING 
drown in cashHoney, what happens when you have TOO MUCH money? 

I said to Emma a few days ago. She must’ve thought that we either won the lottery or her husband went crazy, both of which required more attention. With her eyes wide open (I seriously thought it was going to pop out), she said “WHAT DID YOU SAY?.?”.
Let’s imagine with me for a moment that we have enough money to a point where we don’t need to work. Let’s also assume that we don’t really need to think about it much because we also have a wealth management company in charge of handling our assets. How would your life be like? How would your life change?

The first reaction from most of you will probably be along the lines of “It will be awesome.” Certainly, there will be no more debt to worry about, and you’d be living in a nice house and drive nice cars. But is it all good?
  • You know those annoying telemarketing calls? They exists because you, as a customer have something they want. When you are wealthy, there are all kinds of people who will try to get close to you because of a possible big payday. In fact, many agree that there’s really no genuine relationships anymore when there’s money involved. Will you meet anyone who isn’t after your money? Even if you do, can you trust it’s purity? 
  • Think of all those close friends of yours. It’s very difficult for them to keep up with a lifestyle that’s totally different from theirs and relate to problems that they will never experience. If your lifestyle changes drastically, could all your relationships stay the same as before? 
  • We spent a good deal of time on money related matters. We work because of it, we use our energy thinking about it, and we spend even more time managing it. If that part of our life becomes a non-issue, wouldn’t we feel a little empty? I for one like the pursuit of financial independence. It drives me to become better at everything that I do and it helps me be more creative at the same time. A small part of me will never want to stop chasing my dream.
Now, don’t get me wrong – Having a lot of money is a high class problem. But next time you are feeling down and wished you have more money, think of this post.

The grass is always greener on the other side.

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