How to Love and Respect Money

What a preposterous thing to say: love and respect money? No way!

I bet that’s what crossed your mind when you read “How to love and respect money“.

Remember, I’m not advocating “sell your soul for money!”.

That would be an obsession rather than love and respect.

Still, many people will raise their eyes and dismiss the notion of loving and respecting money.

That is, unless they have experienced what it’s like not to have money.

Understanding Maslow’s Hierarchy of Needs

When I first learned Maslow’s hierarchy of needs at Uni, I memorised the theory to pass an exam.

I didn’t fully grasp the meaning until I found myself at the bottom of the hierarchy.

Suddenly, what I had tried to understand for the exam became crystal clear to me.

Can you imagine lamenting about pursuing happiness (self-actualisation) when struggling to get by for the basics such as food, shelter and water (physiological)?

It’s akin to asking a homeless person:

How often do you feel bliss, harmony and deep meaning of life?

You’ll probably meet with a blank stare (and unspoken words “what a nutter!”).

How about worrying over self-confidence (self-esteem) when your survival is in jeopardy (safety)?

I don’t think so.

MaslowsHierarchyOfNeeds
Maslow’s hierarchy of needs (Wikipedia)

Money is a Bartering Tool

Money is a bartering tool that allows us to maintain our physiological needs.

When we have the basics covered, we can now turn our attention and look for avenues to grow as a human being.

The problem is lots of us like to stay in comfort when physiological needs are met.

Instead of thinking about growing as a person intellectually and spiritually, we’re bewitched by fattening our belly, looking nice and showing off.

We splurge on ourselves.

So when you live above meeting your basic needs, ask yourself below questions:

Should I spend the time learning about the bartering tool so it continues to facilitate my growth to climb up Maslow’s hierarchy?

Or

Should I be content with staying on the bottom?

Two Paths from Here On

It’s important to ask those questions because the answer will lead us to a VERY different life path.

Without such introspective questions, we continue spending on things that don’t add value to our life.

Worse, we live beyond our means for immediate gratification.

We stop seeing destructive spending habits we develop by ignoring them or pretending that they don’t exist.

The other path is realising life is more than surviving, short-term pleasure and self-indulgence.

Therefore, nurturing ourselves to learn and grow as a person, helping others in need, contributing to society and making the world a better place.

Love and Respect Money vs Obsession

It’s sad that some people believe the money is the root of all evil when in reality it’s more to do with the person than the money itself.

I love my new Victorinox kitchen knives after using frustratingly blunt knives for so long.

They are essential tools for my everyday cooking.

In the wrong person’s hand, though, they could become fatal weapons.

Just like Thor’s hammer can wreak havoc in a villain’s hand, if he can hold and wield its power.

There’re countless stories of embezzlement, fraud or family feud over money.

But for every wrongdoing, good deeds are happening double and triple.

We don’t hear about them as often, but we only have to see how far we have come with technology. How greatly our quality of life has improved.

It would have been impossible without money that makes the world go around.

So, it’s essential we love and respect money. And we do it so by giving the attention it deserves, honing the skill and mastering it, not by obsessing over it or disrespectfully wasting it.

Learn everything about it and use it to your best advantage in climbing up Maslow’s hierarchy of needs.

Strive for the choice and freedom money can buy for you.

Final Thoughts

Money is a fantastic tool that deserves our love and respect.

Not in the way you want to sell your soul for but as the best bartering tool there is, enabling you to create a life of freedom to do whatever you want and whenever you want.

You can master the tool by reading, listening to the podcast, learning the basic finances and applying what you’ve learned.

You’ll soon become a master of money, not a slave, and give love and respect it deserves.

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