May 20, 2010, 7:20 am

What is My Relationship With Money?

by: The Financial Blogger    Category: Personal Finance
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Yesterday, I was talking about different kind of relationship with money. I have compared this complex feeling toward money as what we can have as relationships with people around us. However, the way you see money is much more complex than a simple analogy. My relationship with money is not that simple either. I would resume it with this line:

“I like to see the star in my children and my wife’s eyes. I like to feel the stars inside too”.

According to me, money is the most powerful tool you can ever benefit from. While it can be also considered as a weapon of mass destruction, Money can probably be compared as fire.

A fire can burn everything you have. It can hurt, it can kill, it can destroy. Fire can be the worst thing that can happen to you. However, a fire can also heat you, keep you alive and make you eat. Therefore, fire is the source of death and life. Money is about the same thing ;-).

Yesterday, I was driving my new car (I just bought a Mazda RX-8) in downtown Montreal. It was a sunny afternoon, I opened up my windows and the sun roof, I cranked the music up and I was feeling the stars inside of me. I could have paid $8,000 for an old (but economic) civic but I have decided to pay $13,000 for my second car because I wanted to be happy driving it. Since I’ll spend a lot of time in my car when I move, I better like what I am driving ;-). This is the kind of thing that money can bring me in my day-to-day life.

People that don’t know me think that I love money. They think that I am working desperately to make more and more money. The truth is that I really don’t care about money. However, we live in a system that requires money if you want to live comfortably, travel around the world and do crazy stuff like jumping off a plane with a parachute (sshhhh, that’s my wife birthday present for her 30th next Saturday!).

I am aiming to make a 6 figure income because I want to offer my children the chance of having their mom at home. Because I want to make sure they have the best education possible. Because I want to be able to go on vacation every year. Because I want to not worry about money. How many people do you know that are running after money from pay check to pay check? I am looking to make more money because I don’t want to stress about a lack of money.

The problem is that I want a lot of things

I am pretty ambitious by nature. This is why I want a nice car, a nice house and I want my wife to stay home with the kids. Since I am still young, I need to create an important source of cashflow in order to maintain this lifestyle.

Soon, I will be moving in my 3rd house. Each time I have moved, I was cranking my debts ratio to the roof in order to make everything fit. I guess I don’t learn because this is what is going to happen again. I don’t want to wait to pay off my parents at the end of November so I will take all my resources and pay them off in June. Then, I won’t have much room to manage for a few months but I will live as a “free” man.

I don’t really mind owing money to the bank, but I really hate owing money to my parents!

In the end, what I really like about money is the moment it can creates. I have visited Europe when I was younger it was one of the best experience of my life. Having my wife staying home with our kids is the best thing we ever experience as a quality of life within our family. And I am sure that there is no such adrenaline rush than jumping off a plane with a parachute. However, those kinds of things are not for free!

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