Why Money Problems Are Rarely Just About Money.
Why Money Problems Are Rarely Just About Money. The problem with people today is that they use money as a stick to measure their worth against others rather than as a tool. When we compete with others for material things like cars, houses, and lifestyle, we never really win. This kind of competition takes away our peace of mind and never let us win against others, as there is always someone who achieves more than us. Money, when used the right way, becomes an asset; used the wrong way, it turns into a liability. Societal pressure often worsens our money problems because we are constantly taught that material possessions and status matter more than discipline and utility. In reality, there are only two ways we spend money: 1. To Build Status. 2. For Utility. Spending money to build status often means faking an identity. It goes against financial discipline because maintaining status requires continuous spending on things that add little real value. In trying to protect the status you ha...