Wednesday, January 31, 2007

Penny Wise Dollar Foolish

While I appreciate frugality, I can't help but feel sad for people who are so focused on every single dollar that it seems to run their lives. I still know lots of people who fairly well off but live everyday and do everything with the sole focus of how it affects their bottom line taking, second jobs and rarely spending any money on anything fun and if they do the time is mostly figuring the cost of every second of enjoyment.
Now I appreciate the importance of saving and living within one's means but I think the danger comes about when become obsessed with it. This post at Getting Rich Slowly kind of actually saddens me a bit. I know people who enter "the paper chase" and it becomes a sad obsession for them. It start's innocently enough and at first is commendable, but it gets to the point where it is never enough and every action of the day is focused on pennies and dimes. These people end up being miserly and the worst kind of friends to have, because eventually even your friendship comes down the finical cost to them.
To people who start down this path I recommend "Die Broke" it will help to realize the utility of money and will hopefully stop you from being obsessed with it.

Remember earn money to live, don't live to earn money.

I'd mention something about the people obsessed without every using credit cards or having any debt what so ever but I'll save that for a later post.

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