On New Year’s Day, many people will be sleeping late, some hungover, others just enjoying their leisurely time off from work. After a few days they’ll dread receiving their credit card bills, as there will ultimately be a reckoning of the large sums of money spent on gifts. People will start feeling frustrated that it’s a new year yet they are still stuck in a financial hole that they can’t seem to dig themselves out.
It seems that most people would like to be wealthy or at least financially secure. It’s an uncomfortable position to always have to worry about paying your bills, rent and mortgage. It’s not just the money, it’s what having the money represents—the ability to take care of your loved ones, not having to worry about the bills and enjoying some travel and nice things.
Having money helps with making smart career decisions. If you accumulated a certain amount of savings, it buys freedom. You won’t have to accept a dead-end job that you hate just because you need the immediate salary. There will be no need to deal with an insufferable boss as you have a financial safety net which provides time to find a new job or just quit. You can afford to accept a role that pays less now but offer fantastic long-term upside.