I’m pretty sure that I have an unhealthy obsession with money. You probably do too. This obsession snuck up on me disguised as a goal to get my financial shit together. A wolf in sheep’s clothing.
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OBSESSED WITH MONEY
The odd part is that I don’t feel like I’m obsessed with making or saving money, although all of the evidence says otherwise (Hello! I’ve got 2.5 personal finance blogs and four personal finance twitter accounts).
I wouldn’t call it an an all-consuming obsession, but I think about the stuff way too much. If balance is required in all things, I’m out of balance.
I blame the obsession on FIRE. Discovering this mathemagical retirement calculation was a HUGE epiphany moment for me
Since that moment I’ve been on a perpetual hunt to:
- Cut unnecessary expenses
- Negotiate my bills lower
- Boost my income
- Optimized my tax burden
- Look for side hustles
- Hoard cash
I’m on a never-ending quest to make my finances as efficient as possible, all in the name of reaching financial independence and retiring early.
I’m not just pursuing FIRE, I’ve become a pyromaniac that’s obsessed with money and I can’t stop thinking about and working on achieving financial independence as soon as possible.
DOESN’T NEED TO BE THIS WAY
The sad thing is that it doesn’t need to be this way. Personal finance is easy. Want to know how to Get Rich Quick’ish? Here you go:
- Spend less money than you earn
- Eliminate, then avoid debt
- Invest the difference in low cost index funds
- Avoid lifestyle inflation
That’s it. Want to become financially independent and retire early? That’ simple as well:
- Save 25 times you annual expenses; invest this in index funds
- Live off 4% of what your index fund portfolio generates
That’s it. Personal finance is easy. I should have taken this info, got my financial shit together, then moved on to another part of my life that needed work. But so far I’ve been unable to do so.
I wish I had a solution to this problem, but I don’t. At least I’m aware of it and can try to regain balance. I’m publishing this blog post today for a couple of reasons:
- To admit to myself that I’ve become a pyromaniac
- To provide a warning to readers that becoming a financial pyromaniac is dangerously easy
Are you obsessed with money? Have you crossed the line and become a pyromaniac? Have you ever found yourself out of balance? If so, what have you done (or are you doing) to re-center yourself?