Why Some Love and Some Hate Personal Finance
Personal finance can be the most boring, tedious, and at times maddening thing in the world for many people. People have their own reasons for loving or hating personal finance. Some people love the challenge of trying to keep track of their personal finances. Other people hate it because they feel as if they are drowning in a pool of their own debt. Still, others feel as if the world is out to get them and are determined to stay as poor as possible.
If you fall into one of those categories, then you know how much money you are willing to do just to have some financial freedom. We all have a certain amount of disposable income that we are willing to spend in order to reach financial freedom. Most of us have some cash stashed away in a savings account or perhaps invested in some sort of investment. Those with the most financial knowledge tend to have the most success with investing and saving their money.
The sad truth is that most people who go into business for themselves and deal with financial affairs end up broke within three years. There are only so many ways to go about making personal finance work for you. You can spend your days researching the financial markets, weighing the pros and cons of every investment possibility, and making decisions based on those facts. Or, you can use something as fun and easy as Google to do all the work for you.
Why Some Hate Personal Finance
- When you lose money
- Not having enough money to pay the bills
1. When you lose money
One of the most annoying things that make you hate personal finance is when you lose money. Losing money is never a good thing. It tends to bring down the feeling of accomplishment and even shame. A lot of us have made the mistake of investing in things that turned out to be money losers. If you have lost money in the past, then chances are that you will in the future as well. Just because you have made a lot of money during the years doesn’t mean that you will continue to make it.
2. Not having enough money to pay the bills
Your own personal financial problems can often stem from not having enough money to pay the bills. It can also stem from not knowing what to invest in and how to invest it. Regardless of how you ended up where you are today, you should never let the fear of money prevent you from doing the things that you love. While you may love to have a nice house and the latest sports car, chances are that you won’t have the income to support them.
If you find yourself hating personal finance, take a look at your situation. Maybe you just haven’t been paying close enough attention to budgeting to see where you are today. If you are in the middle of some financial crisis, the best thing you can do for yourself right now is to get out there and start asking yourself some questions. By taking the time to ask yourself those questions, you can begin to figure out what things that make you love and hate personal finance.
There are many things that make you love and hate personal finance.
The ability to budget your money is the one that gets the most love. The ability to set and forget personal finance is the one that gets the least love. I believe that in this article we are going to talk about the first two.
We have to assume that we all have some basic knowledge of personal finance
The first thing that makes you love personal budgeting is that it allows you to do the things that you truly want and need. When you have money, you can do things that make you happy. You don’t always have to spend to make a person happy.
The second thing that makes you happy is that it allows you to live the life that you were meant to live. Most people squander their whole life trying to find happiness outside of their homes. They waste their lives chasing after false hopes. The more financially secure you are, the more fulfilled you will feel.
One of the most important things that make you love personal finance is the freedom that it allows you to live the life that you deserve. When you have the freedom to follow your dreams without giving up your paycheck, you will be much happier. You will also live a much longer life because you won’t be living off of handouts. When you are able to take control of your future, you will be able to provide the things for yourself that you will really enjoy. If you are constantly working hard for money and having nothing to show for it, that’s not the life I’m talking about.
The third thing that makes you love personal finance is that it allows you to be responsible for your own finances. If you are living off of your parents or a significant other, you might have some dreams about making big money. It is very possible, but you must take the steps to make it a reality. That means taking responsibility for your own finances.
The fourth reason why I can say that personal finance is something that makes you love it so much is that you can actually live the life you’ve always wanted to live. When money was tight in your youth, there was no way that you could go on trips and experience other things. Now you can go camping when the weather permits. You can splurge on that dream vacation that you’ve always wanted to take. You can get married and have children. All of this is possible because you have control over your financial future.