It just does.
You will notice a pattern with people who deny the value of money, holding tightly to their childhood indoctrination about the love of money being “the root of all evil” …
What is that pattern?
They’ve never had real money in their life!
“Money isn’t everything!” is the battle cry of the poor. A battle cry that is often used to pardon their laziness and lack of drive.
And while it’s true that money isn’t everything, it is one of the most important things in life.
It matters and it matters a lot.
And in this article, I’m be revealing when and why money is important…and when it isn’t.
When Money Doesn’t Matter
1. Money Doesn’t Matter for Sex (as much as you think)
You may believe that, to find the woman of your dreams, money is everything.
That you need to be rolling around on a bed of cash in order to get laid, but that simply isn’t the truth.
Don’t believe me?
Go to any club and look at all of the guys flaunting their Rolexes and buying pretty girls drinks, notice anything? None of them have any women around them!
The guys who are surrounded by women are the ones who are making everybody laugh, who knows how to have a good time, and knows how to make a woman feel desired.
If they happen to have the financial assets to order bottle service as well? Then that’s a huge plus, but that wad of cash isn’t enough unless they are looking for a gold digger, prostitutes, or a bunch of groupies.
You do not need money to get laid or find a fulfilling long term relationship.
In fact, I know several guys who are incredible with women who barely have a penny to their name.
Most women aren’t that superficial and you might be surprised to find that, much like “normal” human beings (which women are) they actually care more about:
- A quick wit
- Your performance and “Selflessness” in the sack
So can money get you laid?
Of course! There’s a reason that prostitution is known as the “Oldest profession”.
However, do you need to ball out like Jordan Belfort to attract high-quality women who value the contents of your character more than the contents of your bank account?
2. Money Doesn’t Matter for Happiness (After a Certain Point)
The statement that “Money can’t buy happiness” is only partially true.
Money can purchase pleasure (which will temporarily make you happy), but after your basic needs are met, (which social psychologist Martin Seligman has shown to be roughly $70,000 a year) the extra 0’s in your bank account won’t do much for your long-term happiness.
It may simply decrease unhappiness.
If your goal is maximum pleasure, then yes, money is everything.
But if you want long term fulfillment, a sense of purpose, and true happiness, money can’t buy it for you.
Just think about Robin Williams, Chris Cornell, and Chester Bennington.
These men had everything.
From the beautiful homes to the fast cars to the family and friends… And yet, all of the fame and money in the world wasn’t enough to stop them from taking their own lives.
When it comes to happiness, money isn’t everything. Once you’ve passed the “survival threshold” and have your basic needs covered, the happiness that you will achieve from earning more money is relatively negligible.
3. Money Doesn’t Matter for Networking
If you think you need money to network with high caliber individuals, think again.
Actually, it is often the other way around.
Yes, there are instances where you need money to meet certain people – as in specific networking groups or clubs. However, if you are looking to build a great network of high achievers, you can do so without millions in the bank.
In fact, to get millions you often have to build that network first.
And guess what? You can build your network free of charge.
In my early 20’s, I learned that I could expand my network by being fun, having positive energy, and bringing valuable skills to the table.
Because I understood women and knew how to have amazing adventures, I could hang out with millionaires and billionaires (and still do) even though I was the poorest guy at the table.
The key to successful networking is to be a person who brings value and has strong character. Money plays a role, but a lack of money isn’t the obstacle most people think it is.
If you want some tips for building a powerhouse network, then check out our interview with John Ruhlin.
When Money Matters
While there are certainly instances where money does not matter, or at least it matters less than you would imagine, there are also times where the inverse is true.
Outside of providing the basic necessities of food, water, and clothing, money matters a lot for the following reasons.
1. Money Matters For Marriage
We’ve all heard the statistics.
Fifty percent of marriages end in divorce… and most of them cite financial stress as a primary cause of separation.
In fact, Money Management’s International Survey claims that 63% of unhappily married couples report financial issues as the primary cause of their unhappiness.
While money might not matter for a few casual sexual flings, if you want something serious and you want to remain in the “happily married” category, you must be able to provide security for your woman.
How many toasts by fathers-in-law at weddings praise the new husbands as good men with a solid way to care for their daughters?
He ain’t just handing off his princess to just anybody.
You are the man, and you best have the plan to provide for the wife. It may sound old-fashioned, but even in this day of dual-income households, it’s still vital for the husband to be a breadwinner in some form.
To find and keep love, money isn’t everything. But it’s pretty fucking important and without that daily bread and the financial stability, that marriage may find itself on the rocks.
2. Money Matters For Children
I don’t care who you are …
I don’t care what your belief systems are …
I don’t care what you say about where true value resides …
If you have children, money is one of the most important things in life.
Just because kids grow like weeds, doesn’t mean you can take care of them that way.
- Clothes – Which they will outgrow every year.
- Shoes – With all that running around, probably a couple pair.
- Food – More and more of it on into their teens.
- Education – Programs, books, supplies, etc.
- Daycare – Needed especially when both of you are working to afford the child.
- Stuff – You know you will want to get them the toys, the soccer games, the T-ball and all the other stuff.
A January 2017 CNN Money article stated it costs between $12,350 and $14,000 a year to raise a child. “A middle-income, married couple with two children is estimated to spend $233,610 to raise a child born in 2015.” And that doesn’t include sending your kid off to college.
So whether you consider yourself the powerful father figure who can bring home the bacon or not, the fact is if you want to be able to provide the best childhood for your kids, you need money … and lots of it.
3. Money Matters For Impact
The author of “Secrets of the Millionaire Mind,” T. Harv Eker drives this point home in his books and seminars. To make an impact in the world, you will need money.
I can still recall him screaming in his guttural voice at those who would wish to hold onto a lack consciousness and still believe they could do good in the world.
“How are you going to do that when you are broke?”
For it makes sense. How can you make a difference in the lives of others if you are constantly focusing on your own needs, and the next payday? Living paycheck to paycheck puts you on a hamster wheel where your main focus is:
- The minimal needs of your own puny existence
- Stress about the above
Not the two most powerful places to come from when changing the world.
Money is needed when you want to create impact, in these and other areas:
- Book publishing
- Websites management
- Marketing and advertising – getting the word out
- Creating special events and covering associated costs – venue, food, audio and visual, support personnel
- Media outreach
As a successful man making an impact, you will need the cash flow to cover the costs.
You don’t need to fall into the mindset that you could volunteer your way into helping and impacting others. Let other people volunteer in building schools in other countries. With all your money, you can just pay to have them built.
Changing the world? Having major impact? It’s doable; it’s possible. You have the capabilities and vision and inner power.
You’re just going to need some money.
To make a lasting impact, money is everything. Even if it isn’t your money.
Just think of Mother Theresa, a woman famous for her impact on the world.
Even though she lived a life of poverty herself, we only remember her name because she was able to raise money from rich donors to create an impact and change the world.
So if you want to make your own dent in the universe, money matters and it matters a lot.
4. Money Matters For Peace of Mind
We mentioned stress previously.
Barely eking by …
Receiving calls from debtors …
Over-drafting your checking account …
That’s stressful shit.
It can rattle your mind, and pound at your head.
You may wake up in the middle of the night, staring at the ceiling wondering, “how the hell am I going to make it?”
THIS IS NOT the inner dialogue of a peaceful person.
According to a study by Ameriprise Financial, Inc., 49 percent of women and 41 percent of men said that financial matters cause them the most stress.
If you truly want to feel secure and at peace, you will need to have a healthy dose of abundance and a bunch of money.
Here is the logic equation. Follow along:
- If A. Having craploads of cash in the bank = Less stress and worry.
- And B. Having less stress and worry = peace of mind.
- Then C. Having craploads of cash in the bank = peace of mind.
Not rocket science.
You want peace in this physical world, with its bills, mortgages, car payments and tax collectors?
Find your path of abundance, and get some dough.
5. Money Matters For Your Health
This one may surprise you.
It did me.
The idea “money matters for your health” isn’t logical, since common beliefs may include:
- Sickness comes upon us like a mugger who is out of our control.
- We catch illness in the little bugs we cannot see.
- We can’t purchase “health” at the store or even at the doctor’s office.
However, having more money has been shown to directly impact the quality and length of your life.
How can that be?
When you have money, you can afford organic and non-GMO produce, shown to be healthier choices of food.
When you have money, you can afford high-quality supplements, which can boost your immune system and your entire health as a whole.
When you have money, you can purchase gym memberships, hire trainers, and participate in other fun and physical activities, perhaps even setting up your own gym equipment at your house.
When you have money, you are less stressed (about money at least) and therefore in better health.
According to Harris Poll for the American Psychological Association, modern-day stresses of work, family responsibilities, and health concerns are secondary to the number one source of stress in our lives: money.
That same poll indicates money concerns are detrimental to our health. One in five says they’ve bypassed a doctor’s visit when needing health care due to finances. And 32 percent said “lack of money prevents them from living a healthy lifestyle.”
A Rutgers report said financial distress makes it difficult to:
- Afford recommended health maintenance practices.
- Get routine check-ups.
- Eat the recommended 5 to 9 servings of fruits and vegetables per day.
So, this relationship of money and health?
With money, you take care of yourself and take part in activities that promote good health.
Without money, you forgo eating the best foods and getting the best health care.
Money offers us a choice.
Without that choice, we can bring harm to ourselves and our bodies.
Money Matters…But Money Isn’t Everything…
I hope that after reading this you will realize that money does matter.
- In our health
- In our marriage
- With our children
- With peace of mind
- In making a positive impact on this darn planet
Of course, though it can boost so much of our life, it isn’t the cure-all.
If you’re earning in excess of $75,000 a year and don’t live an outrageous lifestyle, then it’s probably safe to say that you can shift your focus to other areas of your life:
- Personal growth
- Physical well being
- All the other fun things you want to dive into!
The bottom line?
Focus on money until you have enough … whatever that is for you … but never let it become your sole focus.
There is so much to enjoy in life once that financial foundation is set.
And make it matter!
Money Quotes that Will Change the Way You View Money
Before I leave you to go out into the world and make your fortune, I want to leave you with a few quick money quotes that will give you perspective on your financial world and (hopefully) inspire a healthier relationship with money.
“Too many people spend money they earned..to buy things they don’t want..to impress people that they don’t like.” ~Will Rogers
“A wise person should have money in their head, but not in their heart.” ~Jonathan Swift
“Wealth consists not in having great possessions, but in having few wants.” ~Epictetus
“I love money. I love everything about it. I bought some pretty good stuff. Got me a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline powered turtleneck sweater. And, of course, I bought some dumb stuff, too.” ~Steve Martin
“Never spend your money before you have earned it.” ~Thomas Jefferson
“It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.” ~George Lorimer
“There is a gigantic difference between earning a great deal of money and being rich.” ~Marlene Dietrich
“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” ~Edmund Burke
“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” ~James W. Frick
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” ~Ayn Rand
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