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Seven Investment Terms Everyone Should Know
For those who have never given their financial future a second thought, the term Financial Planning could be a scary one. Investments could be a smart way to invest money for your future, but it could be confusing for those who have no knowledg...Full Article
 
Why do you want money?
 
We all want more money, but have you ever stopped and asked yourself why you want it? Is it to buy the things that give you pleasure or maybe you want to provide better for your family? Whatever it is that you want to buy, whatever it is that you to do with the money, it might almost always be traced back to some more basic human need or want.

So stop for a moment and answer the question: Why do you want money? (What do you want to do with it?) Even if you already have all the money you wants and are doing what youve always wanted with it, this exercise will help to determine whether the means serve the end.

Ive always wanted to be very rich and have a lot of money, but getting a moment and examining the reasons why is an eye-opener. So take out a pad of paper and make three columns. The first column to note what it is that you want, the second the reason you want it, and the third the basic human positive need /want that it fulfils.

Below Ive set out the first two of my own as an example:
What - Why - Need/Want
1. Yacht - Cruise around the world - Want to be able to say been there, done that.
2. Support parents - Duty - Want them to appreciate what I do for them.

My list is far longer and the reasons (the why) mostly valid. The needs and desire, however, seem almost childish at times. Yet it is these needs and desire that is the real driving force behind some of the things that I do.

It is nothing to be ashamed of and it is valuable to know what drives you. In fact, you might realise that the positive need or want that you need money to satisfy, might be satisfied by some other means and that funds is only one of the paths that will take you there.

Explore your inner self and the reasons that you desire funds . Do this, not so that you feel guilty or doubt your own desires, but that you may understand yourself more intimately. Know what it is that drives you. And might you realise that money is of itself not an finish , but only a means to an finish .

 

 

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