Imagine getting a million dollars all at once, but you only have one day to spend it all! What would you buy first? What will be on your list? If it's a windfall, or maybe the first time you ever earned this much money, I guess you'd have a lot to think about. I remember the first time I withdrew ¢30,000(about $2,281) from the bank.
I was so worried someone might try to rob me on the way home and I felt like I needed security escorts to pass through the bustling street of Adum. I was terrified when they put all the notes on the counter at the bank and I felt nervous carrying all that cash.
Funny thing is, it wasn't even my money, it belonged to my dad. I guess I would have had a sleepless night that day if it was given to me as a gift. He only entrusted me to withdraw from the bank. Why did he trust me with so much?
For him, it probably wasn't a big deal compared to all the money he'd seen in his life. Luckily, nobody stole it, and nobody knew I had so much on me but I was worried so much, I couldn't help it, I was so scared with all that cash.
my personal experience shows the weight money and the emotional burden it can place on a person. It's a tool, a resource, and sometimes a source of worry. Money as tool and resource means it can be used as medium of exchange.
Each day everyone transact using money which allow us to acquire the things we need or want. All the basic nessisties of life can possibly be acquired with money. it is a means to an end, do you have goals? you will definitely need money irrespective of your goal to achieve them. Not having it or having more in abundance can also bring you much worry.
The fear of spending money is bad, but then I realised the fear of money isn't always negative. This is because it can also help you exercise caution even while you have enough, so that you are able to spend wisely by making budget and avoiding reckless living. Also it's important to develop positive attitude towards money. I realised that money goes where it's invested, put to good used and not where it's never used.
Many people never make money due to their wrong attitude towards money. Having associated myself with people who have done well financially I noticed that the fear of losing money in any venture isn't what they think about especially in the early stage of an investment, but the long term potential benefits they stand to reap even if they should lose something initially.