Having Money, Being Rich Or Wealthy; Do You Still Have The Fear Of Financial Repercussions?
Via Bitmoji
Make no mistake, money gets things done and even if you can't buy health with money. There's a psycological wellness that comes with knowing that you have the means to get things done. People are sharper, more confident and more agile when they have finacial backings because with the right innovations this eventually takes care of the future and takes away financial circumstance.
Having money can of course have its perks; you don't feel the need to plan nor feel the need to be in a haste especially when money comes easy to you. To me, I have been in that state or condition, where I looked at my bank account and it couldn't even afford a one week expense and suddenly six months later I could virtually afford to go to the costliest place and virtually feed myself and my family for two to four years comfortably.
The feeling of plenty made me forget that money was fleeting and the real value is us. I actually spent 80% of all that money in less than a year and well that was when I started getting the lesson. The feeling of being wealthy can be dangerous.
Sometimes we're not really rich but being previously exposed to lack and want might make us feel that we have a lot when we have only been exposed to have more than we used to and ever imagined. To me, no one is truly rich unless they can afford to spend without the thoughts of repercussions.
Every now and then, I have the thoughts of repercussions running through my mind, scared of having nothing, scared of falling sick and not having that emergency fund to take care of things. at the moment i am actually broke and this has somehow brought a sort of uncertainty in my life.
People find it difficult to accept that you're broke until you probably need their help to feed. Being broke to me is being uncertain about your finances, being scared to spend on willful comfort of today because of the uncertainty that comes with tomorrow. Being broke can be more psychological than even actual because sometimes people find it difficult to estimate their worth.
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It's better to underestimate your worth rather than overestimating it. For example, someone who plays online betting with let's say 90% of their saving having nothing but the assurance of having the right permutations and no other financial backing might just be overestimating their worth.
Decisions like this can be spiraling. Inasmuch as risks brings reward being irrational with taking risks sometimes increases the chances of people ending up broke than they've been in the past, it's more of a psychological thing.
Currently i don't know if I have a girlfriend or not and where I came from, you'll need that financial certainty. Trust me, it can be a burden, nevertheless iresspective of how I try to trim down my spending for fear of finally having no money at all, i end up even spending more even when I planned earlier to be frugal or prudent.
What is the essence of this posts. Money can give you that confidence it can also give you overconfidence. Making you exactly spend more no matter how many times you've tried to be cautious or prudent. Remember you are not really rich If you cannot spend without the thoughts or fear of repercussions
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Having a lot of money doesnt make one financially secure. At the same time, not having a lot of money doesnt make then insecure. That is an inside job. We have to psychologically prepare ourselves for money.
There are many who have a lot of money yet are still afraid of being broke.
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This can be psychological, at the same time it can be due to other external factors like bad or terrible economy. Well having money sometimes can be overestimated, if I go to the US for example feeling I have money I'll end up disappointed because the cost of living there will definitely prove I don't have money. This can be another angle too.
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Hmmm these are true words. I have never considered myself rich because I know I am at the edge of having nothing. you are right about the fact that one would feel rich when he gains an amount of money that is more than what he has ever acquired. The feeling of being rich would actually be the end of the money has.
Also from @taskmaster4450le comment, one can truly have a lot of money and not be financial secure that is if the person don't put the money to use as the only way one can make money is by spending (investing) money to acquire more money. Someone who has little money and put it to use is a wise person and is trying to put himself in a secured financial position.
I enjoy reading this your content bro. Thanks for sharing.
Thanks for taking time to comment man, flawless comment my gee. Sincerely everything I spend, the thoughts of having nothing after spending always hits me.
Sometimes this is how I know I have nothing. Although I can't really base my thoughts on prospects I haven't really achieved.
I just feel having the right investment and funds will particularly make me secure even if it might not be so for other people.
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Yeah same for me too; having a good investment base and steady flow in of cash would definitely make me secure.
Oh puhleaseeeeeee. I'll save it judgement on this one.
Money is often fleeting. It's why I prefer underspending to overspending. I am extra prudent coz poverty is always around the corner.
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Hahaha care to expatiate?
Sometimes you're caught in the moment and you actually overspend hahaha. But then e no easy o
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I never understand the correlation between having a girlfriend and financial certainty. It's almost like having a girlfriend is like getting a pet dog you have to cater for.
This rarely ever happens. I suffer too much for my money.
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Oh believe me, we're both Nigerians lol, we know how it is, let's agree to disagree because a lot of people.... men might not fully understand, but they can relate. Hahaha. Maybe, maybe not
I can't say I have any fear, but I'm usually quite responsible when it comes to spending. I sure know quite a few examples that don't know how to handle lots of money and at the same time people with decent amounts of money that are always fearful...
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As for me, the fear has always been there, it probably balances and checks my excesses
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Its hard to have financial certainty but at least being smart with how your spend/invest will help you alleviate your fears. Either way even if you were someone rich, a black swan event could tumble you down near the bottom without much issues. I am pretty sure a ton of people got scared when the lockdowns happened and stocks/crypto fell down like crazy.
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I feel security and ease is truly a state of mind. You might have everything possible but not the impossible and that in turn might be your insecurity. Some lives are entirely built on insecurity irrespective of having earned or done so much.
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Yeah you're actually right, some people are Still insecure iresspective of what they have. In my opinion, I think it's beyond the money
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