Money Pros and Cons - Personal Finance Basics

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

Money can be negative or a bad thing if you live for it. By slaving away at a job that you don't like to earn cash can make it bad. Money misguides many of Americans to become workaholics and pay little attention to their loved ones.

Without a doubt cash has more pros than it does cons. Unfortunately the bad things that are associated with money are usually tied with misuse and greed.

What is Money to you?

Do you think that making lots of money to live the life of luxury is important to you or do you want to make just enough so you can kick back and enjoy a modest lifestyle. The choice is simple with hardly any grey area and we all make that choice when we deal with the personal finance basics in our lives.

If you want to work 80 hours every week so you can boot around in an expensive vehicle and live in a 3500 square foot home is how you want to live then more power to you. Unfortunately, I believe|in my opinion} you have become a slave to cash if you force yourself to work that much to drive that car or live in that home.

On the other side of the scale if you want to have 100% freedom and 0% responsibility then you have become a slave to your lifestyle. Money probably has no value to you and you earn just enough to make ends meet. Is that a bad thing? Who am I to say.

I'm certain there can be a happy medium when it comes to money. It's possible to get all of the pros and none of the cons. Hard work is incredibly important but you should never work for money. The more you understand personal finance basics, the more it will start to give back to you and the less likely you will be a slave to it.

The best case scenario is to find an occupation that you truly enjoy and would love to do 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 good thing to you is to alter the way you think and love where you are. Ironically, the more passion you put into everything in your life, the more the money will actually flow in. You will work less and earn more.

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