How Important Is Money?

27 01 2009

It is fair to assume that everyone would agree with the statement “money is necessary to live”.  But how much money is truly needed? Of course that depends on the life an individual desires. It can be as simple as food and shelter, or as extravagant as luxury houses and all the fine things.  There are many people in today’s world who have been fortunate enough to be born into money. However, that is not the case for the majority. Most people have to work long hard hours in order to make money to support themselves and their families. 

The question I ask is this, would you rather spend time enjoying life doing things you enjoy with the people you love? Or would you like to work long hard hours in order to make lots of money in order to support those you love? The answer is not clear cut for most people. Most people would like to have the best of both worlds, making lots of money while enjoying quality time doing things they love with people they care about. But lets be honest here, unfortunately this is close to impossible.

As a female who is entering into the business world, this is a question I asked myself. I was very fortunate growing up as I was able to enjoy the finer things in life. I always wore brand name clothing, ate at nice restaurants, and was able to travel the world. Now being 22 years old and starting to think about life without financial support from my parent, I have been presented with a challenge of deciding what life I want for my future – a life where I can enjoy myself and live moderately, or a life where I work hard in order to live the extravagant life in the far future. 

Not too long ago I heard a story about a man who chose to work the long hard hours in order to live an extravagant life when he retired. This man was in his mid 50’s and has lived his past 30 years in an office behind a desk. He thought it would be well worth while as he pictured him and his wife traveling the world with no financial concerns in their future. Unfortunately, this man was diagnosed with cancer years before he ever thought of retiring. He did not survive this tragic disease, and left his family with money, but not many memories as he was always working so hard. This man was also never able to enjoy what he had earned as he focused too much on his future. 

This story saddened me as the man never got to experience what he was working so hard to get. From this story I have come to realize that living in the moment is crucial. No matter which lifestyle I choose to work toward, I know that I am going to take time for myself. It is possible to work hard and still do small things for yourself. I don’t want an unfortunate tragedy to not allow me to experience what life is all about.

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2 responses

5 02 2009
Akhila

I definitely think its difficult to balance work and life, and also to get paid a decent salary in the process. When I was growing up, my parents were always working so I didn’t always see them a lot. But now, I’m thankful they worked hard and made money because they were able to help me pay for my college education, send me to study abroad, and travel around Europe. I’m very thankful and I don’t think I’d give that up.

That being said, I think that when I grow older I definitely want a balance. I think you can strike a balance by finding a job you love during the day, that pays you a decent amount (but you may not get a really high salary) and has decent hours so that you can go home and spend time with your loved ones too. I’m not looking to become a millionaire. I just want to be successful and also have time to spend with family.

I think people who assume they can be millionaires and also spend time at home…they’re going to have difficulty with that goal, I think.

6 02 2009
Living Off Dividends & Passive Income

yeah, i always thought life was more than just making money. but it’s a difficult balance.
it’s tough to enjoy everything life has to offer with money. I love to travel, but it’s tough without money.

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