My personal finance journey. I have a long road back to "financial health". Come and take a walk with me. My aim is to document my struggles, take what I have learned from others, and try to help others find their way out of debt and despair.
Monday, December 13, 2010
Personal finance: wealth vs. security
Why am I trying to fix my financial situation? Why does anyone try to improve their finances? Talk to two people, and you may get two different answers. Each person has his/her own motivation, a reason to reflect, change, remedy. For me, my goal is financial security, and not necessarily personal wealth. It's a philosophy which resonates with me, and may not matter to others. However, I am not a person who covets many possessions, and so accumulating piles of cash and luxury goods is not a priority. The reason for my current fixation on personal finance is to try and achieve financial security or "financial peace" (once again, thanks to Dave Ramsey for this concept!) I truly believe that trying to minimize (eliminate!) our debts, reduce our expenses, and live below our means will lead to a sense of greater familial security and inner peace. That's what it's really all about for me. Just to have the freedom to NOT worry about how to pay the bills each month, and instead focus on what is truly important, my family and friends. That's the real deal.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment