financial balance

401(K) 2012 / Flickr.com https://bit.ly/2w8kxci

Living within your means is an illusion, and when you are awakened from your dream, it will be too late.

Most of us have the idea that if we are living within our means, we’re OK, even if it means we can’t save anything right now. You’re not racking up debt, but you’re also not saving. Is that OK for a while?

No.

If life was a straight line of experiences and expenses, each one following predictably after the other exactly as planned, you might be able to pull this “living barely within your means” thing off.

Devon D'Ewart / FLICKR.COM https://tinyurl.com/ycgojqze

One of the most quoted verses in the bible is “money is the root of all evil.”

Except… it doesn’t say that.

What it actually says in 1Timothy 6:10 is, “The love of money is a root of all sorts of evil...” Did you catch the difference? It isn’t money that’s the problem. Money is neutral, neither inherently good or bad.

No, the problem comes in when someone starts to love money. Or what they think money can buy them.

Hoarding vs Affording

Oct 24, 2018
Angus / Flickr.com https://tinyurl.com/yamvlhbb

In this segment I often talk about the dangers of overspending.

Today I want to talk about the dangers of under-spending.

 

It’s one thing to make sure you can afford a thing. It’s another thing to be so gripped by fear, that you hardly spend any money. For the person so gripped by fear, the issue is not affording. It’s hoarding.

The difference between affording and hoarding is usually fear. And fear usually thrives in the absence of facts.