Mon 30 Oct 2006
Different Emotional Value on Money Depending on How you Got It
It is kind of strange that people have different value on money depending how or where they got it. Maybe it is not strange, but more human nature to have emotions. But money is really just numbers.
Consider winning in the lottery.
This is happy money and there are no strings attached. It comes easy and there will be little pain to blow it on fifth avenue.
Consider the hard earned paycheck.
We may blow an unexpected bonus on a frivolous expenditure even if we’d never dream of frittering away the “hard-earned” dollars from our work that way.
Consider money gotten from inheritance.
No money is probably more emotional than this. This is money that most people would want to spend or invest correctly in order to honor the person they got it from.
Don’t have emotions for your money, but use it carefully
The true money person should not have any emotions attached to the money, but also try to spend it or invest it carefully no matter if it is easy or difficult money.