Thinking back to elementary school, I remember conversation surrounding, “What would you do with a million dollars?” I’m not sure whether it was a teacher’s way of psychoanalyzing what motivated each student or just a question that would garner laughs from a child’s imaginative mind. What I do know, is that everyone at one level or another is motivated by money.
Over the course of my life, I have tried to understand what role money plays. The Bible tells us in 1 Timothy that “…the love of money is the root of all evil.” The world tries to tell us that the more money you have, the happier you’ll be. The Beatles tell us that money “can’t buy me love.” The FBI statistics tell us, there are nearly 50% more murders over money and property than in burglaries or love-related murders.
So, money is something we all want a lot of, few of us can have, and when we have it, it only seems to cause problems. It is in wrestling with these thoughts that I set out to create my own personal philosophy on money.
My 5 Point Philosophy on Personal Finance
Over the coming posts, I will share more about each of those thoughts as we explore my philosophy on personal finance. While those are the terms outlining my financial philosophy, I view those as the backbone of how I reach my financial goals.
It is through this philosophy framework I am able to reach my SMART financial goals that I have set. As you begin to think about your own financial philosophy, take the time to figure out what is most important to you. In the coming days, we will dive into each of the five points in my philosophy of personal finance.