Comments on: The Illusion of Money http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 25 May 2012 02:50:51 +0000 hourly 1 http://wordpress.org/?v= By: Dr. Artfredo C. Abella Ph.D http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/comment-page-1/#comment-228443 Dr. Artfredo C. Abella Ph.D Thu, 07 Feb 2008 06:26:01 +0000 http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/#comment-228443 Money is just a medium of exchange for the things that we want to procure in this earth. It is a symbol so that transactions can hasten and facilitate. The illusion of money is there because it can command services or goods that we want to have. Other authors would even say that money has the illusion of a servant that means that the more money you have the more it can serve you. The illusion of money is there since even in the Bible it recants that money answers everything. Seemingly, the illusion of money is there since it makes our life easier, it could meet our financial obligations without which our lives would be miserable, unbearable and full of discomforts. For all of the fears in having it, money has symbolizes the quantum over which all of our fantasies and needs could be met. Money is just a medium of exchange for the things that we want to procure in this earth. It is a symbol so that transactions can hasten and facilitate. The illusion of money is there because it can command services or goods that we want to have. Other authors would even say that money has the illusion of a servant that means that the more money you have the more it can serve you. The illusion of money is there since even in the Bible it recants that money answers everything. Seemingly, the illusion of money is there since it makes our life easier, it could meet our financial obligations without which our lives would be miserable, unbearable and full of discomforts. For all of the fears in having it, money has symbolizes the quantum over which all of our fantasies and needs could be met.

]]> By: Miguel http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/comment-page-1/#comment-191634 Miguel Mon, 17 Dec 2007 22:24:47 +0000 http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/#comment-191634 To me money means power. And power equals security, freedom, and influence. I'm not a power-monger. I just don't want to live under anyone's thumb. I want to be free from financial worry about the future, and I want to be in a position to help and influence my community, as well as my extended family. My goal is to perpetuate multi-generational wealth. I'm not looking to make anyone rich thru inheritance, rather I want to use my influence (and money) to give people, especially historcially disadvantaged people, a leg up in the competition called life: To make sure they have access to opportunities and contribute to making our society more of a meritocracy. To me money means power. And power equals security, freedom, and influence. I’m not a power-monger. I just don’t want to live under anyone’s thumb. I want to be free from financial worry about the future, and I want to be in a position to help and influence my community, as well as my extended family. My goal is to perpetuate multi-generational wealth. I’m not looking to make anyone rich thru inheritance, rather I want to use my influence (and money) to give people, especially historcially disadvantaged people, a leg up in the competition called life: To make sure they have access to opportunities and contribute to making our society more of a meritocracy.

]]> By: Neith http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/comment-page-1/#comment-191137 Neith Mon, 17 Dec 2007 03:48:30 +0000 http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/#comment-191137 This is closely related to a discussion a friend of mine and I had not long ago. It goes to the "money can't buy you happiness" adage. I think what is true is that money can't buy you happiness if you look at money as the goal in and of itself, rather than looking at what money can do for you. Money is a tool, and like any tool it can be used productively and responsibly with good results, or it can be used irresponsibly with poor results. It is my experience that the big difference between people who are happy with their money and those who are not is not the actual amount, but rather how they perceive that money - a tool to be used to accomplish things that fulfill you, or a means in and of itself? *steps off soapbox* This is closely related to a discussion a friend of mine and I had not long ago. It goes to the “money can’t buy you happiness” adage. I think what is true is that money can’t buy you happiness if you look at money as the goal in and of itself, rather than looking at what money can do for you. Money is a tool, and like any tool it can be used productively and responsibly with good results, or it can be used irresponsibly with poor results. It is my experience that the big difference between people who are happy with their money and those who are not is not the actual amount, but rather how they perceive that money – a tool to be used to accomplish things that fulfill you, or a means in and of itself?

*steps off soapbox*

]]> By: Dorian Wales http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/comment-page-1/#comment-189364 Dorian Wales Thu, 13 Dec 2007 11:55:45 +0000 http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/#comment-189364 In my opinion money is most definitly not an illusion. It is very real and it represents (some of) your added value to society. It is a very harsh, and at times unjust, metric but it's one of the best we've got. In my opinion money is most definitly not an illusion. It is very real and it represents (some of) your added value to society.

It is a very harsh, and at times unjust, metric but it’s one of the best we’ve got.

]]> By: lorax http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/comment-page-1/#comment-189198 lorax Thu, 13 Dec 2007 01:20:52 +0000 http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/#comment-189198 Your Money or Your Life explores this. Do you feel secure walking around with $100,000 in a briefcase? Money isn't security, although properly managed, it can provide some aspect of security. Your Money or Your Life explores this. Do you feel secure walking around with $100,000 in a briefcase? Money isn’t security, although properly managed, it can provide some aspect of security.

]]> By: Tom http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/comment-page-1/#comment-189164 Tom Wed, 12 Dec 2007 23:25:31 +0000 http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/#comment-189164 Interesting article. I think I'm in for the money because it brings me security and enjoyment. It's amazing how much stress it can bring you if you don't have it. Interesting article. I think I’m in for the money because it brings me security and enjoyment. It’s amazing how much stress it can bring you if you don’t have it.

]]> By: Mrs. Micah http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/comment-page-1/#comment-189157 Mrs. Micah Wed, 12 Dec 2007 22:54:25 +0000 http://allfinancialmatters.com/2007/12/12/the-illusion-of-money/#comment-189157 It's true--it's all an illusion. And yet it's scary for those of us who've never not had it to imagine being without it. Whether that's because we just moved out from under our parents' wings (like me) or someone like plonkee who's been quite responsible and fears what she hasn't experienced (perhaps rightly, to a degree). Tomorrow, I'm actually going to be posting about fear of spending money and how it led me to make a stupid decision. Fortunately I've rectified the decision with no or few ill effects. :) It’s true–it’s all an illusion. And yet it’s scary for those of us who’ve never not had it to imagine being without it. Whether that’s because we just moved out from under our parents’ wings (like me) or someone like plonkee who’s been quite responsible and fears what she hasn’t experienced (perhaps rightly, to a degree).

Tomorrow, I’m actually going to be posting about fear of spending money and how it led me to make a stupid decision. Fortunately I’ve rectified the decision with no or few ill effects. :)

]]>