Money Pros and Cons – Personal Finance Basics

Is money good or is it bad? Depending how you view it, cash can be good but it has the potential to be a bad thing as well. Money can be good because it allows you the exact lifestyle you desire. It has the ability to fund your dreams such as going on holidays or could allow the chance for an early retirement. Money creates the chance to create a family, live in the city you want and allows to you to do anything you can imagine. Proper money management is the simplest way to understand personal finance basics.

The down side to money is if you live for it. By slaving away working at a place you don’t like to earn money makes it bad. Cash can misguide many of Americans to become workaholics and desert their loved ones.

Without a doubt cash does have more good aspects than bad. Unfortunately the bad things related to money are often tied with misuse or greed.

What is Money to you?

Is earning lots of money to live the life of luxury is important to you or do you want to make just enough so you can live modestly. The choice is simple with little grey area and we all make that choice when dealing with the personal finance basics in our lives.

If you want to work 60 hours a week so you can afford to drive an expensive vehicle and own a 4000 square foot home is the way you enjoy living then more power to you. Sadly, I believe|in my opinion} you have become a slave to cash if you must work that much to drive that car or live in that home.

On the other hand if you want to have 100% freedom and 0% responsibility then you are a slave to yourself. Money probably has no value to you and you make just enough to make ends meet. Is that bad? Who am I to say.

I’m certain there can be a happy medium when it comes to money. You can get all of the pros and none of the cons. Working hard is incredibly important but it’s good to know that you should not work for money. The more you understand personal finance basics, the more it will start to give back to you and the less you will be it’s slave.

The best advice I can give is to find an occupation that you love and would probably do it for free anyway. If you’re not happy at your job chances are it’s because you only see the dollar signs associated with the job. The way to make money a positive factor to you is to alter the way you think and love where you are. The great thing is, the more passion you put into everything in your life, the more money you will make and the happier you will be. In short you will work less and make more.

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