What is your relationship with money?

17 July 2015

reading time:  minutes

One of the reasons I’m so interested in money is because of what it represents.

Most of us spend a large portion of our time working at jobs in exchange for money. This is so we can buy the things that we need and want. When we spend money on one thing rather than another, or spend time working in exchange for money when we could be doing other things, it reflects our priorities and who we are.

The more money we have, the more choices we have regarding what we can do. It doesn’t necessarily mean we will buy more things. It allows us to give resources to people we love or who are in need. It might give us the chance to have experiences that wouldn’t otherwise be open to us. It also give us an option to spend less time concerned about our material well-being and spend more time pursuing our interests.

Money can also help us to manage personal risks. Whether this is through insurance, professional advice, or investing in ourselves.

What does your relationship with money reflect about you? At the end our lifetime, the way we spent our time, and the resources we have accumulated or used, will tell a story about who we were. What story will it tell about you? 


About the author 

Sonnie Bailey

Sonnie provides financial planning services via his business, Fairhaven Wealth (www.fairhavenwealth.co.nz). Fairhaven Wealth provides independent, advice-only, fixed-fee financial planning services. Sonnie is also a “recovering lawyer”: he has specialised in financial services, trusts, and estate planning.

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