Whether we like it or not, money ‘makes the world go round’. In this day and age, you need money to survive. You can’t put food on the table and a roof over your head with hopes and dreams. There are plenty of arguments that money is the cause of the world’s biggest problems, even 1 Timothy 6:10 reads ‘For the love of money is a root of all kinds of evil’. But money itself isn’t valuable, it’s just paper/plastic or numbers on a screen. So why do we want it so bad?
We always hear the saying ‘Money can’t buy happiness’. Well I guess that’s true, I am yet to see a store selling little jars of happiness (okay, someone has probably tried but life doesn’t work that way). We’re told from a young age to ‘Choose a job you love, and you will never have to work a day in your life’. Unfortunately, that’s just not realistic for most of us. I’d love to be a pro surfer, travel the world surfing the best breaks and getting paid millions to do it. But even with a 1,000 lifetimes of practicing, I lack the natural talent to ever make it a career. So what am I meant to do? I need to acquire money, not to buy that little jar of happiness but to provide opportunity, freedom and security. We all have goals and dreams, and money can help us get there.
Opportunity – Ever seen your dream business for sale? Or a job overseas that you would love to have? Your passion for that business isn’t going to pay the owner and the love for that job isn’t going to fund your plane ticket… Money is.
Freedom – You’d love to take Friday afternoons off to play golf wouldn’t you? But you can’t, dropping a day of work means you can’t put food on the table or pay the mortgage. The only way you’re going to achieve this is with more money.
Security – Life is full of uncertainties and we all worry. According to Mortgage Choice’s Evolving Great Australian Dream white paper, 24.2 per cent of Australians worry about money on a daily basis. That’s 1 in 4 of us worrying about money every day. What fixes money worries, having more money! Wouldn’t it be nice to wake up in the morning and focuses on doing the things you love than worrying about if you can pay your electricity bill?
By now you’re probably thinking ‘all this guy cares about is being rich’. I have hopes and dreams like everyone else. My relationship with money doesn’t stem from greed, it’s about acquiring it and utilising it as efficiently as possible to best provide opportunity, freedom and security. What is your relationship with money? Is it your terrible master or your excellent servant? Are you slaving away 40+ hours a week to just have more of it? Or are you channelling that money into creating opportunities to provide freedom and security.
I am not about to go on about getting rich quick schemes or a secret to wealth. Most of the time we earn more than enough, we just spend it poorly. When you do come into money, which most of the time will be from working, ensure that a least a small portion of that money is directed towards making more money! Whether that be starting a small business or investing. Always be willing to create other avenues of wealth. Sure, there’s a bit of luck involved, two people can do the exact same thing and one may fail while the other prospers. But you’re not going to know unless you try, so give it a crack, start a business, invest, write a blog, fail miserably and learn from it so you can do better next time.
This all brings me to my final point… It’s all about balance. What’s the point in working 60 hours a week and having money in the bank but no freedom? Contrary to that, what’s the point in having no job but being confined to one area doing nothing because you can’t afford to do anything else?! Money is a necessary evil, don’t feel bad about wanting it, but through the process of acquiring it, make sure you get the balance right, enjoy life in between and when you do come into money, use it wisely.
‘Money is a terrible master but an excellent servant’
– P T Barnum
Information current as of 5 June 2017
This information is of a general nature only and has been prepared without taking into account your particular financial needs, circumstances and objectives. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. You should obtain professional advice before acting on the information contained in this publication.