6 Unhealthy Signs That You’re Obsessed with Money
All you talk about is money.
I have been to some parties in the last few days where I was able to meet old friends, one of them in particular only talked about money: What was he doing, what he plans to do with it, how is he investing it, what things are he sacrificing to have more.
And while it makes me very happy that he is doing very well, we had not seen each other for so long, and it was not the only topic I wanted him to talk to me about.
Even if I’m a personal finance writer and I enjoy giving and receiving money advice on a daily basis, it’s not something I talk about constantly to everyone in my life. It can be a touchy subject to some, and there are plenty of topics to talk about besides money.
If you find yourself mentioning money in every word you speak, and most of your conversations lead to making or having more money, getting rich, or how much you are making, then you have a money problem.
Recognize that there’s more to life than money. You should not have money on your mind 24/7. Try to only think about money in your working hours or when you are productive, and give your mind a break when this moment is over.
If all you think about is money all the time, you can start to suffer from mental illness, and you will stop enjoying the little things that life can give you for free.
You sacrifice important things trying to get rich.
Many people sacrifice special moments with their family or even their health just because they have to work.
Every time I have started a new business, I have seen myself working long hours after my workday is over just to leave everything perfect and in order. I’ve even stopped seeing my friends for months because I don’t have time for them.
But this changes as the business takes shape. I always find a way to make it work for itself, or I end up quitting because I can’t find that balance.
At first, having a business requires sacrifice and extra time to make it work. But if the business has been going on for a long time and there is no way to have free time even for yourself, it is not worth it.
One of the first lessons of rich dad, poor dad about running a business is that if your company can’t run by itself and you have to be there all the time to make money, then you are another employee with extra hours.
The goal of every business should be eventually run alone; if you can’t make that with the company you are currently building, then it is not worth it. Remember that it is not about more money, it is about more time.
You jump on every investment opportunity.
Many people are so focused on making money that every time something new appears, they are the first ones to try it.
While there is nothing wrong with trying something new, it can be a problem if you never read about it and invest in the “next big thing” right away.
Also, when you put your money on every new business or investment opportunity you see, you aren’t putting 100% of your focus on it, so it will probably not work for you the way people are talking. Remember that for something to really work, you have to understand it and put the money in the right moment.
One of the worst feelings of trying many new things is that you can get frustrated if it doesn’t work out. But precisely, your lack of experience is what causes you to fail, even if that opportunity seems to be a good one.
How you can avoid that
You are never late to enter a new promising business, and if the hype is the only thing that moves this investment, then it is not worth joining there because you can lose everything.
Focus your time and effort only on what you can see in the future, and before starting any business or investment opportunity, make a plan.
You are constantly comparing your finance to who you want to become.
There is common advice that says that the only person you should compare to is yourself. However, constantly looking to the future (even if it’s trying to see yourself better) can produce anticipatory anxiety:
“Anticipatory anxiety describes the fear and worry around things that could happen. It commonly focuses on things you can’t predict or control. These worries can be normal, but they can become a problem if they start to impact your day-to-day life.”
The biggest problem with this feeling is that you do not see the progress you have made in simple or basic things because you believe that it is not what you want to achieve, so you can think you are failing. You can even abandon certain projects just because they are not enough as you think they should be.
For example, I have wanted to stop writing several times because I have not been able to achieve the goal of who I want to be, and I feel that I am not earning enough. However, looking back and adding everything I have achieved, I have realized that I am successful.
How to avoid that
Not only do you compare yourself to who you want to be, but you also compare yourself to who you were before.
You prefer to save than to enjoy some things.
Most “financial gurus” will tell you that you need to sacrifice many things to get rich. But while this advice may have its real part, there comes the point where the sacrifice becomes extreme and not worth it.
For example, it’s okay to not buy unnecessary things like a massage chair for your work desk, an ice maker (when your fridge is fully functional), or colored bulbs that change according to your mood.
But sacrificing basic things or things that you enjoy, like a good coffee, good wine, or even a comfortable mattress to sleep better, just because you have to save money does not make sense.
In the end, we want money to buy things that make us feel good, not just save money just for the sake of having it.
Find the balance between what you should save and what you can spend on yourself. Not all the money you earn should grow your net worth; there is also money to spend on you.
Something that helps me to be able to enjoy my money (and not just keep it) is to see my earnings as a percentage, so there will always be 5–10% that I can spend on things even if they are useless without feeling guilty because it is the money destined for that.
You feel you never have enough.
Everybody wants to earn more money. Even millionaires want to become billionaires. That’s normal behavior.
However, if despite having a good job that pays you well and you are happy doing it, you are constantly looking for a better opportunity because you can earn a little more, you will always be in a constant “what’s next” and never appreciate where you are.
I consider this to be the worst sign because it makes you feel that you will never be good enough, successful enough or that you will never have an end goal, and you will never be able to enjoy and value everything you have built now.
Try to see money in terms of time and happiness instead of just the financial sense. When you see money just as it is, you will never have enough because there will always be a bigger quantity, however, if your life is comfortable, you have time for what you love, and you are healthy, then you will feel enough.
Life is short, and anything can change in an instant. So while money is important to our lives, it should not be all that matters. There are more important things than just having it.
The money itself is useless if you are not going to use it to be more free, happy, healthy, and in peace. So having it just because for the sake of being rich is not worth it. The only thing money can do is buy us things that really matter to us.
I believe that having an obsession with money can ruin you because if it is the only thing you think about then it will affect other areas of your life that are more important such as health, your family, friends, and peace of mind.