When we think of money, investing, business or finance, we usually think of strategies, formulas, various account types, and the accounting of it all. While these are all important aspects of our finances, I sometimes think that the emotional side of money is too often forgotten. We have to remember that our finances impact almost every aspect of our lives in some way. Money has an effect on our emotions and our emotions effect how we handle our money.

I got to thinking about this subject as I was talking with my Mom about various things that are going on in my parents lives. Among other things they’re taking care of my Grandmother who has Alzheimer’s, and it can be very stressful and taxing at times. My Mom made the comment in the midst of all this that money and getting ahead didn’t really seem to matter all that much in the grand scheme of things, or something to that effect. It made me think a little (since I’m obviously interested in these things), but she had a point; you can’t exactly take it with you as they say.

It actually got me to thinking about one of the core concepts that I started this blog with, and that is to determine your Why to Wealth. Sure there are some people who may crave the attention and spotlight, the power and prestige, or the glamorous life, but there are so many other reasons as well to get your financial life in order. Things such as time freedom to spend with friends and family as well as the ability to pursue philanthropic and other interests.

There are many different reasons to want to be wealthy, and we all have to figure out our reason ourselves. We also need to realize that there may be things in life that are ultimately more important. I don’t want to give the impression that I have all of this figured out, but I think it’s important to think about. I enjoy money management, personal finance, investing, or whatever you want to call it, but it needs to be in line with the other softer/emotional sides of life.

Have you had any of these same thoughts, or what’s your take on it? What are some of your reasons for being interested in personal finance and wealth accumulation?

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