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Writer's pictureMatthew Boersen, CFP®, CFA

Money Is a Tool Not a Goal

Updated: Aug 16, 2023

It's easy to get a warped view of money.

We think we know what our friends make (normally we overestimate).

We think making an extra $5,000 or $10,000 will make us happy (but it won't)

We think that if we could just buy that "one thing" we'd be all set (it won't last).

Those ways of thinking have a fatal flaw.


They view money as the goal, not as a tool


More money should never be the goal. Because if it is, we will reach our goal only to find ourselves unhappy as a new benchmark takes its place.

Money needs to be viewed as a tool. Focus on how you can productively use the money you have, instead of how to blindly accumulate more.


Money can't buy happiness


Simply accumulating more and more money will not buy happiness. But what will drive contentment and fulfillment is focusing on how you use your money, not on how much you have.

Be faithful stewards of what you have today, and you might just find yourself happier than you ever thought possible.


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