Q & A : Hamster In a Wheel
Posted on June 1st, 2009 in Investing, Q & A
Q : Dear Spencer,
I feel like a hamster in a wheel. I am a money saver. I have ever shifting goals (forever higher) for my bank balances. I am constantly plotting how much I will have in the future which takes all the joy out of today. I become anxious if I cannot save the projected amount I had planned. How can I free myself with this saving fixation? It is making me and my family miserable.
~R
A :
R -
Recall a time in childhood when you learned to just save and save. Realize that all your saving habits originate in childhood.
Do the Actual Net Worth statement on my website and in my book.
Read my chapter on Sufficiency. Nobody ever gets to their future savings goal. We all want and more. The solution to the wanting mind is to write down your financial gameplan with the assumption that you have all the money you’ll ever have right now.
Start spending small amounts of money on pleasure items even if it feels uncomfortable.
Look into attending my Esalen or Harbin workshop. A workshop will allow you to go into these issues deeply and will accelerate your progress. See www.currmoneymadness.com/register.
All the best,
Spencer
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