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Your relationship with money has the power to create a massive impact on your life. There is a delicate balance between the negative consequences that can arise from having too little, versus having more than enough money.READ THE ARTICLE
Somewhere in the middle lies happiness, but before you find your median, it’s important to be aware of some of the dark instances when dollars can dictate behavior:
📌 Suicide: Financial stress is a leading catalyst for suicide, with studies showing a strong link between financial hardship and suicidal ideations.
📌 Domestic violence: Financial strain can lead to domestic violence and is a leading cause for divorce.
📌 Bad health: Financial stress is associated with higher mortality rates among individuals with health issues, as it can lead to obesity and other health problems.
📌 Immorality: Money can make you engage in unethical behavior, as studies indicate that individuals with higher social status are more likely to prioritize self-interest and exhibit unethical traits.
📌 Envy: Money can amplify your tendency to compare yourself to others and engage in the "bandwagon effect," leading to financial stress and constant discontent.
If you’re having trouble getting off the hamster wheel, spending your money in retirement, using your net worth as your self-worth scorecard, etc., the key may be your ability to look inward. Practicing self-awareness will determine the role money plays in your life, so don’t let it become the master.