We live in a world where our financial decisions shape our daily choices. It may sound cliche, but we often hear the phrase: “money can’t buy happiness”. However, with the global economic situation, it would be best to re-examine if this continues to be true and if it can still resonate deeply.
Money is a means to fulfill our material needs and desires. As to whether it fulfills lasting happiness, many people disagree. But despite its limitations in giving a deeper sense of fulfillment, money undeniably plays an important role in providing security, opportunities, and access to enriching experiences. While one’s perception of money often depends on one’s life experiences, values, and virtues, everyone will agree that it is an essential part of life.
It is a complex subject to navigate especially when you have had your fair share of situations where you need to borrow from a licensed money lender in SG. One has to unravel the intricate relationship between money and happiness on a personal level.Here are a few points to ponder on about the never-ending debate about the role of money in our lives.
Money is not just Currency, it can be a Tool
A tool is only as effective as the person who wields it. Hence, the mindset and financial skills of an individual affect how he spends his money, earns his income, and even the way he treats things that money can buy.
Looking at money as a tool is the first step to truly understanding how it works. In treating money as a tool, one can break free of old notions that bind them and keep them from financial success. Here are other benefits that one can gain from this point of view:
1. It leads to purposeful spending
When you know how much your mindset can shape your life, you can align it with your goals and dreams. By seeing money as a means to an end, you will realize that your goals are achievable and you can get there no matter how difficult the journey.
You can start charting the waters and making a plan on how you will be able to achieve your desired life. For example, if you want to live in a bigger house, this mindset will help you come up with a plan on how you can raise enough money to purchase one.
If you know what exactly you want with your finances, you will be less distracted to do frivolous spending, especially with sales and ads. It will be easier to curb temptation and use your money wisely wisely, even when you are tired or stressed.
2. It leads to empowerment
Looking at money as a bridge to your dream life will give you a different perspective beyond just your finances. Instead of blindly accumulating things, you can start strategically planning purchases and investments in such a way that will benefit you. And there’s nothing more empowering than that feeling of being in control of your life no matter the circumstances and no matter the state of the economy.
Putting your money in the right things will allow you to use your time and energy to your full advantage. Aside from financial growth, you’ll be able to pursue your passions. It can also help you unlock career possibilities beyond your current situation, and open doors that you never even knew existed.
3. It will lead to less stress
Having enough resources at your beck and call will ease your anxieties. You no longer need to fear rainy days, especially since you can build an emergency fund. No matter what happens with the economy, even with unexpected scenarios such as medical emergencies or layoffs, you will have a safety net.
Money is not Everything
While you can do so much more and be so much more if you have more than enough financial resources, you should not forget that money is not everything. It would be challenging to stay grounded once you experience wealth. Often, it can lead you back to anxiety. You would not want to lose all of the benefits that prosperity provides.
To avoid this trap, surround yourself with people whose judgment you can trust and who will be with you even during trying times. A wealthy man has many friends but not all are true friends.
Practice minimalism when you can so you avoid the trap of materialism. It is easy to treat things differently when you can afford whatever you want. Make sure to be mindful of your purchases.
Conclusion
Beware of losing sight of what really matters. Life is more than just about the hustle. Your purpose is not just wealth accumulation. Regularly examine how you live your life. Do you always feel like you are running out of time and chasing after the mighty dollar? Money should enhance your life, not restrict it.
Also, be clear about your values and hold them close. These will be your compass, especially when making tough decisions. Pursuing financial wellness should be about improving your personal life, career, passions, family life, relationships, and health, not compromising them.
