Personal Finance

How To Love Money

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 3 minute read

Yes, romance does seem to be in the air. On this day, which businesses enjoy more than customers do, I can practically hear the ringing of cash registers throughout the country. I hate to seem like a grouch, but is it really necessary to have an unofficial holiday dedicated to love? My opinion would change if it became a federal holiday, since then at least I’d have the day off. I’ll stop complaining about Valentine’s Day now and get to my bleak “love” post for that holiday.

If you don’t have enough of it, you can ruin your life and your loved ones’. Sure you did, and you may have experienced the downsides that come with a penchant for wealth. It’s not that money inherently encourages bad behavior. Money is neutral; it may be used for good or bad purposes equally.

However, when it is in the hands of those who would use it for evil, money takes on a morally questionable quality. In the same vein, those who pursue it relentlessly diminish its reputation. This Valentine’s Day, I hope you’ll take an honest look at your relationship with money and learn how to break up with it if it’s a problem in your life.

  • Your family life is struggling. When was the last time you spent meaningful time with your spouse or kids? Could this be because you are always seeking more money by working longer hours or taking on more leads/jobs? Do you prefer earning money than spending time with your family? Are you obsessed with being obscenely wealthy?
  • Your physical existence is hurting. When was the last time you gave yourself some attention? When was the last time you exercised? Do you find yourself continually stressed out and pushing yourself to exhaustion in order to advance in life and make more money?
  • You’ve gotten more greedy. You may find yourself giving less to church or never thinking about donating to charity. You may even begin to mentally mock others who request charity donations, and your heart may become hardened to the concept of contributing.

How to Stop Obsessing Over Money

When you recognize that wealth or the chase of it has become an obsession, the first thing you should do is get professional help. Confide in someone you trust, whether that’s a partner, close friend, spiritual guide, or member of your own family.

Talk to them and find out whether they’ve seen any of the same trends you have started to notice in yourself. Some of you may be thinking, “Well, I don’t have any money, therefore I guess I’m not in love with it.” It’s a prevalent misconception that those who are not wealthy have no interest in acquiring wealth.

According to the Bible’s Matthew 6:21, a person’s “heart” will be invested in whatever they value most. Those who are obsessed with riches to the extent where it dictates every aspect of their lives are as shallow as those who have a lot of money but refuse to spend it. After coming clean to someone about your giving problem, the next step is to actively work on rectifying it. Donate now! Giving anything, no matter how small, can help you stop being so obsessed with money.

What I don’t say

Neither affluence nor the pursuit of affluence is inherently evil in my view. What I mean to convey is that there is a problem if the need to get riches becomes all-consuming. Those who are well off yet flaunt their superiority over others and refuse to share their wealth have a problem of their own.

Money has tremendous purchasing power. It has both positive and negative applications. Be mindful of the fact that it cannot provide you with true joy, and treat it with caution. I hope you have a wonderful Valentine’s Day!

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