How come MONEY always catches the eye? by Bill Storie 

How come MONEY always catches the eye? by Bill Storie 

Over the past 5 years we have published about 1,500 articles on the Olderhood Blog. Some from guest writers but mainly from Robin and myself.

But one thing that has always intrigued me is that while we get a good reaction for every article, both on the Blog and over our Facebook Pages, we see steep rise in readership when we talk about money.

That fascinates me I must admit.

OK I get it – we are all interested in making sure we have enough money to get ready for retirement and more so when we are in retirement – but is that all we think about?

What happened to “When I retire, I’m going to have fun and do what I want to do

I wonder if that objective would be better spoken as “IF I have the money I will have fun.”

In other word, if you don’t have the money you can’t have fun?

There are literally hundreds of things to do in the golden years that count your money.

How much does spending time with the grandkids cost? How much does it cost to go for a nice walk in the countryside? How much does it cost to meet up with friends and enjoy each other’s company? Go on the bus for a change and travel free as a senior.

Are we really so obsessed by money that we only focus on information about to make more or spend less? We have nothing else to think about in our life.

How many “get rich quick” schemes have you tried (and failed)?

How many lottery tickets have you bought in your lifetime? (How much have you won?)

How many times have you denied yourself a dessert at the end of the meal to save money – then splash out 10 times that amount on new shoes?

My point is that we need money, we need enough money to get by, but that’s it (leaving aside the Unexpected Fund). Why do we crave more money when we are doing OK as it is currently?

If you had twice the amount of ready-cash today, what would you do with it – more to the point what would you change in your lifestyle with all that extra money?

My guess is not much.

You wouldn’t eat twice as much ; or drink champagne ; or buy a Rolls Royce ; or take super vacations (Ok, maybe one) ; or buy a bigger house (you’re perfectly happy where you are). You would inevitably hold on to it and most likely be able to leave more money that you had thought to your kids (who, by the way, will spend it).

If I stood in Times Square New York, or the Mall of Asia in the Philippines, with a sign that said “Free Money – Ask and I will give it to you”, how many people would take me up on my offer?

That’s right – very few. Why?

Because they know there would be a catch. There would be some scam. I would be treated as a suspicious person. In other words, even when you are given the chance of free money you would hesitate.

So, if you hesitate for free money why are you so obsessed about getting more money at all? You want more money, but you only want to get it honestly. Fair enough. In other words, you are only seeking more money if it can be had by “legitimate” means. In other words, you are setting conditions on getting it, which means you have to do lots of checking out before you would accept it. Why bother?

Money isn’t going to fall from the trees in your back garden. The postman isn’t going to bring a bag-full of cash. A “can’t lose” investment scheme is dangerous. The money you crave is not that easy to be had.

How’s about this …..

Crave a great life with fun and laughter and freedom and passion and peace rather than crave more money.

(p.s. but keep reading my articles though !!!!)

By Bill Storie

4 responses to “How come MONEY always catches the eye? by Bill Storie 

  1. Bob – How can you blame us??? We are bombarded by bad news about Social Security solvency, taxes, inflation, healthcare, stock slides, etc, etc, etc. My wife and I have over $3 mil in net worth including our CA house in Burbank. I’ve always been thrifty and it’s tough to go from spender to saver. I don’t NEED more money and don’t even need what we have so I feel we are blessed. I think you’re sensing that many of us are highly concerned about having enough until the end and that’s why we’re still cautious. When I die, I won’t really care what I’ve missed, will I? LOVE YOUR BLOGS!

  2. Hi Bruce.
    In many respects you are blessed because Billions of people around the world have nowhere near your net worth. But I would applaud your hard work and thriftiness. Unfortunately most people are not like you. The vast majority DO worry about living longer than their money. It is a serious issue for them.

  3. Thanks for your comment. Sadly, I didn’t proof my post well so I wanted to correct it. I meant it’s tough to go from SAVER to SPENDER but maybe you caught that. And, as in many cases, the SS, pension and investment income is greater than our need, thankfully. But I’m still always on the lookout for a bargain. I sure appreciate all you and Robin do for us out here. We live in the teeming suburbs of LA and your lifestyle seems SO different and

  4. Hi Bruce. I always appreciate your kind comments. I fully agree that this spending lark isn’t as easy as people think !! Going from Save/Save/Save to Spend/Spend/Spend is very difficult for a Scottish accountant 😉

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.