Money is one of the weirdest creations in modern society. It’s always either too little or too much in quantity. The ones who aren’t filthy rich commonly assume money buys happiness. But as many millionaires would affirm, having more money brings its own box of problems.
The reality is that it is your mindset that determines how money runs your life. Here are some other common money misconceptions that can really affect your life if you don’t sort them out:
1. Money Can Buy Happiness
Wise people say happiness is a mindset. And that, folks, is all you need to know. Sure, a dollar can buy your children their favorite cotton candy, and that would cheer them up for a few hours. A $50k diamond ring from your husband might also cheer you up for a month or so, but that’s about it.
Buying stuff can make you feel good for a while, but that’s about it. Real happiness goes beyond material stuff. Instead of the cotton candy, that walk in the park is what will actually make your kids happy. Instead of the ring, it’s your relationship with your spouse that’ll make you feel happy in the long run!
2. Being Rich Means Being Successful
Just like happiness, success is also a measure of your personality rather than your wallet. You don’t always have to be raking in a 7-figure monthly income to feel successful. In fact, if you look around yourself, you’ll find countless examples of people who kept it low-key and still are their own version of success.
Think of your college professor, your grandparents, or even some of your friends. Many might not be earning more than five figures but are still comfortable and accomplished in their lives. On the other hand, those with a ton of money still doubt if they’ve properly made it or not!
3. Money Drives Away Your Worries
Worries are an integral part of life, and no amount of dollars can be a repellent for that. Think of all the problems you have right now—high rent for your mid-sized apartment, installments on your car, or your own college fees or student debt.
Now think of yourself as a millionaire. You live in a pretty mansion, all your own, in the nicest suburb in the city. However, this bigger house is a pain when it comes to maintenance and security, problem number 1. You have a brand new BMW, but it costs an awful lot of servicing and upgrades, problem number 2.
You’re going to the best college in your state with complete arrangements for your fees, but your studies are extremely tough, so that’s problem number 3. You see, problems may change, but they never really leave you regardless of age or status. Money can only change what you see as a problem.
The key to removing all your money misconceptions is to stop giving it such an arbitrary value in life. Money might give you a head start in many areas in life, but it can’t be your key to complete success!