Over the years I’ve discovered there are four primary reasons why
people need money. Sure, you can certainly take the boring, dumb view of
this and say this is a stupid question. But we’re all better than that.
Money is man-made. Mankind decided that we needed it, and we’ve decided
they were right. Surprisingly enough though, we’ve evolved from this
original decision, and individually, we need money for a few standard
reasons.
1. To makeup for the past- You may currently have a
very healthy, grounded view of money, but your past may not.
Unfortunately, until your past obligations are satisfied, your past
wins. These obligations come in many forms: debt, judgements,
garnishments, collections, and even over-commitments to mortgages,
student loans, and car loans. If you have ever said to yourself
something like “I would never have paid this much for a house, if I had
it to do all over again,” then you need money because of that past
decision. As daunting as this realization is, it’s not the end of the
world. Once you clear the past, then you can firmly form your money
relationship with the present and the future. This should be your aim.
Hell, it’s just how it works. It’s a process.
2. To fund a dream or lifestyle- I’m not hating the
player, or the game. If you need money in order to fund a chosen
lifestyle or dream, cool. You just need to make sure this doesn’t turn
into funding your past. Have you always wanted to open a bakery?
Awesome, use money to do this. And make me some donuts. Have you always
wanted to live in NYC? Cool. Do it. Have you always wanted to send your
kids to private school? Cool. Public schools are better, but cool.
Half-kidding.
3. To fund a habit- Financially speaking, is a
shopping habit any worse than a drug habit? Is a dining-out habit any
worse than a drinking habit? Is an over-gifting habit any worse than a
gambling habit? Again, financially speaking, I don’t think any of them
are different from each other. Addiction is addiction. I’d love to tell
you about the two worst clinically addicted individuals I’ve ever come
across, but their spending habits make me uncontrollably sad. Seriously.
Why is your insistence on spending money on something trivial, okay?
It’s your money, feel free to do what you like. But the reality is that
you need money because you have a jones for an item or experience that
has taken ahold of your sensibility. This is why YOU need money.
4. It’s simply a byproduct of work- A job’s main
purpose doesn’t have to be the generation of income. Income can simply
be the byproduct of work. In my opinion, this renders money worthless. I
believe this to be a good thing. I understand how weird this sounds. If
you understand this, then you understand it. If you don’t, you have yet
another reason to think I’m a jackass. There are some very centered
individuals both objectively wealthy and not, that feel as though money
is silly. I hope to get to this point in my life. It takes a tremendous
commitment to cause and purpose to render money worthless. Wealth alone,
even vast wealth, doesn’t get a person to this point. It’s a
combination of reduced financial obligations, a purpose-driven life, and
effortless frugality.
Why do you need money?
