Money is the Answer

by Krantcents · 20 comments

Post image for Money is the Answer

If money is the answer, what is the question?  Is money an incentive, reward, a goal or just a necessity?  Money is what you need to buy your first car, pay for college or a down payment on your home.  It is what you earn in the form of a pay check and it is what you need to pay for an apartment, food and clothes.  I get it, money is for acquiring things!  What is money to you?


What do you think about money usually starts early. It is strongly influenced by your parents and experience.  If you grew up in a family that mismanaged money, it could negatively affect your attitude.  Maybe, your parents grew up during The Great Depression which certainly affected a whole generation and their attitude about money.  It influenced my parents to avoid the stock market and debt.  It did not prevent success, but influenced their attitude.  They had only one mortgage in their lives and never had debt.

How does your money attitude influence how you handle money?  I look at debt differently than my parents because I have a different experience and it affects my money attitude.  I approach money and spending conservatively because of my experience.  I learned very early to save my money for the things I wanted.  Eventually, I saved for my first home, first investment, investing in rental property and investing for retirement.  My attitude shapes my spending, saving and investing. My attitude shapes my judgment, plans, goals and retirement savings.  It influences everything!

What else?

Money can affect everything!  More couples argue about money than anything else.  It can even affect your health.  Since my parents went through The Great Depression, they focused on success more than others.  Life is a balance of work, life (family/friends) and health.  If you focus on one to the detriment of the others, you will have problems.  I saw my parents put considerable effort and time into their businesses with very little time for much else.  Did it affect their health?  I don’t think so, but life was out of balance with their work.  Life is richer because of those other things besides work.

Taking time to enjoy life is why we earn money, isn’t it?  How do you enjoy your life?  Do you spend time with your family, travel, play sports or just participate in activities.  What is important to you?  You need to decide what is important that gives you meaning.  If I do not do many of the things I enjoy each weekend, I feel I wasted the weekend.  I think all of us need things to make the time worthwhile.  It may be sports, entertainment or family activities that provide meaning.  It gives us a healthy outlook.  It is the choices you make that make you happy or not!

Shopping, Gambling and Alcohol

Do you think your attitude affects how you look at shopping, gambling or alcohol?  I do!  Can you participate in any of these activities and not succumb to the dark side?  Everything depends on attitude and character traits.  How do you handle your impulses?  Are you an impulse buyer or do you use lists?  Can you gamble without getting into trouble?  How do you handle these things?  I think I gambled maybe a dozen times in my life, but always set limits.  I view gambling as entertainment and not an investing or jackpot situation.  Business risk is very different from gambling because you put more into your choices and it takes longer to see the results.  Gambling is a wager on an event with an uncertain outcome with the expectation of winning additional money in a short period.  It has almost no relationship to an investment.

Final Thoughts

Your attitude about money permeates everything.  Have you thought about it?  Maybe you should!  Does your attitude affect your goals?  If you think more money is the answer, have you thought about the question?  Money will not make you happy, but lack of money will make you very unhappy.  I think your goal is to spend less than you earn and save for retirement too.  This is nothing new, but attitude about money can prevent you from reaching your goals.  Another reason to think about it, if money is the answer.

Photo by:  Philip Taylor PT


Yakezie Carnival at Daily Money Shot
Fin. Carn. for Young Adults at 20s Finances
Carnival of Financial Planning at Planting Money Seeds

Money is the answer.

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Jacob @ iHeartBudgets May 30, 2012 at 10:35 am

Money is a great indicator of what you value. My pastor always says “if you want to know someone’s priorities, just look at their bank statement.” It’s so true. I always try and align my money with my priorities to ensure that I’m, in a sense, putting my money where my mouth is. It’s easy to say that I value family, but if all my money is going to mall food, then I really value mall food.

Money decisions are made every day, so it is definitely important to take some time and reflect on how you view money in your own life. Good article :)

Krantcents May 30, 2012 at 11:36 am

I agree with you, although how you spend your time also indicate priorities.

John @ Married (with Debt) May 30, 2012 at 12:07 pm

I think you hit the nail on the head, here. I guess for me money is a tool. If I work hard, I want to spend and enjoy some of it. Money seems like a game – you win once you finally wrestle control of it away from whomever you’ve empowered to hold it out in front of you.

Krantcents May 30, 2012 at 12:49 pm

I view money and many other things as part of some game. For me, it is not physical, instead it is mental. It require cunning, strategy and skills. I focus on getting the most value for my money spent. I enjoy those parts of the game. The others such as growing and investing the money is fun too.

Lance@MoneyLife&More May 30, 2012 at 5:54 pm

I feel that money should be there to achieve your goals in life. I think there are some people that blow through it and it doesn’t help them achieve their goals and then they hate people for having money. I also think there are people that hold on to it too tight and don’t enjoy it as much as they could (definitely me). I need to work on loosening up and enjoying life a bit more.

Krantcents May 30, 2012 at 6:30 pm

I saved all my life, I wonder how I will be in retirement. I try to take major overseas trips every other year. My wife and I have been doing this for the last ten years.

Squirrelers May 30, 2012 at 7:59 pm

Money absolutely impacts health and relationships. I think they are all interrelated, actually. It’s important to keep balance by having attention given to all 3 areas.

Krantcents May 30, 2012 at 8:13 pm

There are many CEOs who earn a lot of money, but their family life is nonexistent! It is almost easy to focus on just one, but it takes much more to keep it in balance.

Christa May 30, 2012 at 8:31 pm

I never thought about looking at a person’s bank statement to see what they value, but that is so true. Hmm…I’ll have to look at my statement to see what it says about me!

Krantcents May 31, 2012 at 6:29 am

For me, savings is my one priority and is reflected in my statements. It affects everything I do.

Untemplater May 30, 2012 at 11:46 pm

I am in a pretty good money balance right now. I remember I used to be really rich when I was a kid but now I know that wouldn’t guarantee any more happiness than if I was just making a humble salary. Having money definitely helps reduce a lot of stresses, but having a positive mindset and outlook on life goes a lot farther.

Krantcents May 31, 2012 at 6:37 am

Interesting, my parents were rich, but I was brought up to live on less. It shaped my life! It made me a saver which helped me much more.

Miss T @ Prairie Eco-Thrifter May 31, 2012 at 7:08 am

I believe in using money to fulfill your dreams and to take advantage of different opportunities. Money is a tool that you can use to enhance your life but it isn’t everything in your life either. There are some things in life that are very important and have no price tag on them- they can’t be bought.

Krantcents May 31, 2012 at 7:18 am

The things that I find most memorable generally have little to do with money. They are expereiences with friends and family. Money can enhance those experiences, but it cannot replace it.

Marie at FamilyMoneyValues May 31, 2012 at 5:46 pm

Financial therapy is a recent development – counseling on money and your attitude towards it. I wrote a post for Broke Professionals about it:

Krantcents June 1, 2012 at 6:32 am

First, you have to recognize you have a problem.

Eddie June 5, 2012 at 5:47 am

Money is a tool that helps us get by everyday. It does not buy love or happiness, but rather provides a euphoria in a given moment or over time. It does relive stress, but also causes stress. The more you have, the more you want, the more you’re willing to sacrifice. Money changes people, sometimes for the good, most of the time for the worst.

Krantcents June 5, 2012 at 6:24 am

I agree with many of your statements, however lack of money is always bad.

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