Home > Mom's Life > Family Finances > Saving Tips > Basic Rules for Financial Freedom: Get in the Wealthy Mindset

Slideshow Iconslideshows MORE

|

Basic Rules for Financial Freedom: Get in the Wealthy Mindset

7 of 10
happyfamilyoutsideofhouse

Money and Happiness -- Understand Their Relationship


There are lots of things that will make us miserable -- losing a partner, being made redundant, getting sick. And loads more. There are quite a few related to money and gaining or spending.

Remember

  • Too little money can make you miserable.
  • Too much money can make you miserable.
  • Too much stuff can make you miserable.
  • Not having enough can make you miserable.

I think what we have to grasp pretty well from Day 1 is that money and happiness are not necessarily the same thing. Money doesn't buy happiness. This is a common mistake people make. It isn't going to be one you make. You can be poor and happy. You can be rich and happy. You can also be either poor or rich and miserable.

If you are looking to wealth to make you happy, you'll be disappointed. If you are looking to money to make you more powerful/younger/sexier/more vital/more interesting/better looking/whatever, you're going to be disappointed. Sorry, but money doesn't do any of that. In your head, it might. In other people's heads, it might. But it doesn't in reality. You can be all those things with money; it is true. It isn't money that does it. The switch is thrown in your head first. Money is a placebo, not a cure.

NexT: Know the Difference Between Price and Value

From The Rules of Money Copyright © 2007, FT Press. Used by permission of FT Press, and Pearson Education. All rights reserved.

To order this book, buy on Amazon.

highlights

Teens and E-Cigarettes: 6 Things You Must Know
For the first time in a generation, tobacco use has risen among the nation's youth, due to the rising use of e-cigarettes. Learn more about the dangerous and addictive e-cigarette trend, and get tips to talk to your teen.

Find Today's Newest & Best Children's Books!
Looking for newly released books for your child? Try our new Book Finder tool to search for new books by age, type, and theme, brought to you by Galactic Hot Dogs.

Printable Lists of the Top 100 Baby Names
Need help with baby name ideas? Use our printable list of the top 100 girl names and top 100 boy names of 2015 to help you brainstorm and narrow down your favorites.

Registered for Kindergarten — Now What?
Wondering what to do now that you've signed your child up for kindergarten? Try our award-winning Kindergarten Readiness app! This easy-to-use checklist comes with games and activities to help your child build essential skills for kindergarten. Download the Kindergarten Readiness app today!

stay connected

Sign up for our free email newsletters and receive the latest advice and information on all things parenting.

Enter your email address to sign up or manage your account.

Facebook icon Facebook icon Follow Us on Pinterest

editor’s picks