I recently have discovered that the amount of time I put into work and the amount of money I receive and the stuff I want to get back with the money I earn, do not correlate. So I wish to make a difference in my life.

The difference won’t come easy. I have to save, save, save for a very long time to be actually able to do this, but in the end it’s totally worth it. Continuing working where and how much I work now – definitely not worth it.

Ask the right questions!

i do have a problem with “automating good behavior” as much as I see it solving many short term problems. if your goal is to modify your behavior (i.e. how you think about money) then ultimately you are simply opting not to think, not altering your thinking.

The point is not money, but the purpose of life, since money is only an enabler (having too much debt makes it still an enabler, but a very slow enabler). Hence, making money to accumulate and get it to a wealth stage is very critical between 25 and 50, so that you can get the purposes accomplished, and enjoy life from the 25 through 85 age of life.

On the opposite side, when one does not do it, the disabling aspect of money becomes a wall, and stress causes nothing much to happen, esp. with people today who are getting kicked out of their homes since they over extended themselves (when they were offered a no-money down home, and they took it knowingly or unknowingly). This disabling aspect just puts them back to age 25 even when they are 35 (for example), and one then has to climb the same steps of the ladder again. Given time and enthusiasm, they will, and I see a lot of these people since I let them into my apartment buildings even with such a background, and coach them to save, starting with an Emergency Fund at ING Bank. Many listen, others take their money and buy goodies, and never learn.

I see the enabler and disabler at work and in my Real Estate business everyday.

Kenny

time freedom is what it’s all about..

Asking (and learning to ask) the right questions is one of the most important skills – propably *the* most important – that a human being can have. What do I want? What does the other person want? (especially if the other one wants to sell you something ) Why are politicians are saying X?
And so on.

Whereas, if you’re thinking of the resources it could buy, theoretically you have specific things in mind, and therefore a defined limit where you’ll be happy.

Money is, by far, the easiest proxy that we have to get stuff. It replaced the barter system because folks decided that they’d rather have a representation of 400 coconuts rather than having the coconuts on hand.

These business folks seemed to be after money for money’s sake, rather than thinking about its purposes. As a side note, I was invited back to the networking meeting because I provide entertainment value.

The example of the doctor wanting to have a child is a great example of this because it can bring up other discussions. Things like wills, trusts, education savings, funds to cover maternity leave, etc. become important topics to cover.

This kind of psychology works for me. It’s like cognitive behavioral therapy for money.

This is the future of investing analysis, in my assessment.

Rob

So far January has been pretty good, as fa as budgeting goes. Almost everything is automated so I can focus on what is important…. my partner.

“I finally want to have time to have a child.”

Are you sure that question’s not about goals? “have a child” seems like it’s a goal.

Perhaps you were talking about a different money thought, rather than the abstract concept of money (ie abstraction of ability to get resources) you might’ve been talking about money the paper and coin stuff. (Hence the soup metaphor).

For me, it’s not that I want the resources that money buys, as a commenter above said (though she is correct).

What I really want is not to feel trapped by a job, that I am enslaved by my resources. I’d rather work until the day I can retire, and not a day longer.

I asked him whether he’d tried drinking a bowl of soup made of $1 bills. I think I officially got the ‘does not play well with others’ tag as a result.

Socratic questioning works for all parts of our life, and are essential to how we build strength in our lives. Ahh, if only i can do it more efficiently when it comes to money.

thank you for this post.