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How much do you think about money?

Posted on 7/19/17 at 4:27 pm
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 7/19/17 at 4:27 pm
Lately, I've been consumed with thinking about money. I spend pretty much all day thinking about money. I know it's not a healthy thing, I'm sure, but I'm not sure how to stop.

I make pretty decent money and I'm kicking back a decent chunk into my savings, so it's not a I'm living paycheck to paycheck and wondering if I'm going to make it kind of thing.

Anyone else have this experience?
Posted by ghost2most
Member since Mar 2012
6585 posts
Posted on 7/19/17 at 4:44 pm to
I've transitioned a lot of my time spent following sports minutiae to investing if that counts.
Posted by yellowhammer2098
New Orleans, LA
Member since Mar 2013
3850 posts
Posted on 7/19/17 at 4:55 pm to
The scene from Wolf of Wall Street where Matthew McConaughey says "When you get really good at it, you'll be stroking and thinking about money." reminds me of myself. Thinking about it constantly and always thinking about how to make more.

Terrible way to live honestly.
This post was edited on 7/19/17 at 4:55 pm
Posted by Tres7139
Member since Oct 2011
770 posts
Posted on 7/19/17 at 5:13 pm to
all the time... always trying to improve my financials. but, i also like studying/reading about that kind of stuff.

sad truth: money rules the world
Posted by schwartzy
New Orleans
Member since May 2014
9032 posts
Posted on 7/19/17 at 5:25 pm to
It's a normal thing, and for me it comes in waves. Like it or not, finances dictate the quality of life and retirement for most people, and it's a very important adult subject.
Posted by Creamer
louisiana
Member since Jul 2010
2817 posts
Posted on 7/19/17 at 5:25 pm to
All day every day, but not in a stressful/worried manner. It's become more of a hobby, I enjoy watching my money grow, researching, and looking for more investment vehicles.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 7/19/17 at 5:46 pm to
Way more than i should. I dont check my investments as often anymore but constantly learning.

Helps me stay in the know without tinkering too much with current investment plans.
Posted by Bayou Tiger
Member since Nov 2003
3658 posts
Posted on 7/19/17 at 5:56 pm to
quote:

How much do you think about money?
Probably not too much these days.

However, I used to think about money a ton when I was growing up, early in my career, and early in my family life.

The key for me was coming up with a good long range plan, the associated near-term tactics, and then automating those tactics (401k, house payment, auto-bill, etc). Then I got my daily life spending habits in a number that fits the above.

So these days I deal with the "paper pile" and pay the credit card statement every month, but I only really think big picture once a year or so when I do a strategy and tactics check.
Posted by makersmark1
earth
Member since Oct 2011
15829 posts
Posted on 7/19/17 at 6:42 pm to
"I like money"

Idiocracy
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 7/19/17 at 6:47 pm to
quote:

How much do you think about money?

Probably about five-hundred dollars worth....
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 7/19/17 at 7:05 pm to
It just stresses me out that I may ever get to where I want to be financially.
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5835 posts
Posted on 7/19/17 at 7:50 pm to
I look at the activity on my banking and investment accounts daily. Investment account sometimes 4-5 times daily. If I'm on the road and seeing/entertaining customers/prospects, the first thing I do when i get in my hotel room is see how my 401k and investment accounts fared that day.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 7/19/17 at 7:54 pm to
More than I should I guess. But being "worried about money" means I'll hopefully never be "worried about money"
Posted by lilsnappa
Red Stick
Member since Mar 2006
1794 posts
Posted on 7/19/17 at 8:08 pm to
I spend alot of time thinking/reading/researching about personal finances. There's not a bunch of things in life you can control, but financial decisions you make throughout your life are something you can control. Decisions I made in my 20s are already beginning to pay off in my 30s.

That being said, the more I learn the more it pisses me off to no end to see people making dumb financial decisions. Especially extended family and people I looked up to in my younger years.
This post was edited on 7/19/17 at 8:09 pm
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 7/19/17 at 8:37 pm to
Too much right now especially for my situation. I just finished grad school and don't start working until October so I have no money and $30,000 worth of student loans. I have a good job so I know it's not a big deal, but damn it's stressful having loans like a shadow over your back and seeing your bank account go down every month instead of up.

On the bright side I like and research personal finance.
Posted by lynxcat
Member since Jan 2008
24147 posts
Posted on 7/19/17 at 8:44 pm to
My outlet is this board. I love learning and this board exposes me to new concepts and ways to approach problems.

I rarely "worry" about money. I know I do the things I need to do for the long term and that's all I care about. I know that I am in a very fortunate position therefore finances are not a concern. I worry more about how I help others (girlfriend, friends) financially than myself.
Posted by Decisions
Member since Mar 2015
1477 posts
Posted on 7/19/17 at 9:23 pm to
I'm not going to lie, I think about it a lot. Mostly about the asset and luxury goals I've set for myself and what it will take to achieve them.

I've found the most therapeutic thing is to sit down and pencil out some notes as to what I'd need if "x" situation arose. It helps me unwind, feel like I've made some progress, and move on to the things I CAN control in the meanwhile. And if "x" situation ever were to arise I'd also be ready for it.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72628 posts
Posted on 7/19/17 at 9:55 pm to
quote:

It just stresses me out that I may ever get to where I want to be financially.


look, life has many harsh realities. You could go through many problems in life that could knock your dick in the dirt over and over. it has happened to me. As you get older you may realize you will have to curtail expectations and reassess your goals. It is just how it goes. It has taken me so long to restart so many times i am not willing to risk all i have now and lose everything for some get rich opportunity. I won't sell all my RE nor cashout all other investments for starting some expensive franchise. Now i am willing to try something without risking my current bread winners. I cannot afford to start all over again should i lose my arse so i stick with what works. I will continue to do so.
Posted by wfallstiger
Wichita Falls, Texas
Member since Jun 2006
11431 posts
Posted on 7/19/17 at 10:51 pm to
More than I should but not as much as I use to.
Posted by Lazy But Talented
Member since Aug 2011
14445 posts
Posted on 7/20/17 at 8:02 am to
quote:


How much do you think about money?



Literally all day. I don't make much and I really love the opportunities money can do for one and their family.

It's probably toxic how much I think about it and get down knowing I won't make as much as I'd like to.


ETA: I know how much is in each bank account and how much my cc balance is. I document every transaction I make and apply it accordingly in my budget. I was in a little bit of debt right out of college for being a total idiot and saying "Oh I'll pay for it later." Now I pay my card off every week just for the peace of mind that I'll never slip up and fall into a debt hole ever again. I have really good spending habits now. Only if I could make some somewhat decent money, I'd be set and really get the ball rolling for retirement.
This post was edited on 7/20/17 at 8:07 am
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