Money Pros and Cons – Personal Finance Basics

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The great debate about money rages on. Depending how you view it, money can a good thing but it has the potential to be a bad thing as well. Money is good because it allows you any type of lifestyle you want. It can fund your goals such as going on vacation or allow you to retire early. Money provides the chance to have a family, live in the neighborhood you want and do just about anything you desire. Proper money management is the simplest form of personal finance basics.

The down side to money is if you live for it. If you spend the majority of your life slaving away at a job that you don’t like to earn money that makes it bad. Money misguides people enough to become workaholics and desert their friends and family.

Without question money has more pros than it does cons. The bad things that are associated with money are usually tied with misuse and greed.

What is Money to you?

Do you think that earning lots of money to live the life of luxury is important to you or would you like to work just enough so you can kick back and enjoy a modest lifestyle. It’s a pretty simple choice with little grey area and we all make it when we deal with the personal finance basics in our lives.

If you feel that working 60 hours a week so you can afford to drive a high end luxury vehicle and live in a 3500 square foot home is how you want to live then more power to you. Unfortunately you have become a slave to money if you must work that much to drive that car or live in that home.

On the other hand if you want to have 100% freedom and 0% responsibility then you have become a slave to your lifestyle. Money probably has little value to you and you make just enough to make ends meet. Is that a bad thing? Who am I to say.

I believe there is a happy medium when it comes to money. You can have all of the pros and none of the cons. Hard work is always important but you should never work for money. The better you understand personal finance basics, the more money will actually give back to you and the less you will be a slave to it.

The best case scenario is to work at a place that you love and would probably do it for free anyway. If you are unhappy where you are working its likely because you only see the dollar signs associated with the job. The way to make money a positive factor in your life is to change your attitude and love where you are. Ironically the more passion you put into your life, the more the money will actually flow in. You will work less and make more.

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