finance

worries-changed-in-2020

How Have Your Worries Changed In 2020?

Worried and focused

My worries have changed over the years. In simpler times, I used to worry about graduating from college. I wanted to make my family, specifically my mother, proud of me. I had this constant fear of not being enough, not contributing my part to the family. After achieving my goal, my worries immediately morphed to making as much money as possible.

 

I was chasing the dollar and in a way I still am. However, after taking the time to really consider why I want money, I don’t worry about it in the same way as I used to. This year has shown me that there really only a few things that are truly necessary for my happiness:

  • Work that introduces me to unique challenges on a daily or weekly basis;
  • My family;
  • Good food;
  • Travel;
  • Anime and manga;
  • Books;
  • A place to sleep.

 

Everything that isn’t included in that list is just an extra luxury. For the most part, the biggest expense on that list would be having a home, being able to sleep comfortably without having to worry about where I will sleep tomorrow. And because of this list, my worries about earning a decent living have narrowed down.

 

I’ve been considering what do I want to use my money for when it comes to any surplus I may have after spending on my essentials. I don’t want to fall into the trap of not building wealth and more importantly, I don’t want to accumulate wealth without a strategy for how to use it. What’s the point of creating wealth if I can’t use it to help others, especially after I die?

 

Image Credit: Unsplash

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your-money-pandemic

What Do You Do With Your Money, When There’s A Pandemic?

How does money flow in a pandemic? What are people spending money on right now?

People are certainly buying food, whether they are making it themselves or getting takeout delivered. People are also buying new furniture and tools to create a home office, as many of us are now facing a new transition into remote work. We are also spending more money on streaming services, in-app purchases in mobile games, and some of us who are more daring are trying their hand at purchasing stocks.

 

Who’s to say that any one purchase, being made by anyone right now, is a smart or poor decision? No one has ever gone through something like this in their lifetimes. Perhaps saving is the best course of action right now, but a lot of us have never built the habit to save their money. Expected a new behavior to stick right now is hopeful at best.

 

Even if money falls from the sky, if we somehow hypothetically get $1,200 deposited directly into our bank accounts—I’m not sure what people would do with that money. Some of us will invest it, some of us will pay off debt, some will save and others will buy essential goods.

 

And some of us will waste on whatever it is we will judge as wasteful once all of this is over. Yet, maybe that new character in Brawl Stars helped someone cope with their stress. Who knows?

 

Image Credit: Unsplash

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