If one is weakened, the others will be weakened as well.įor example, lets take 2 people: A and B. They’re all connected, and to the extent one is strengthened, the others will be strengthened as well. Think about it: HWR – Health, Wealth, Relationships. These are linked together as a part of a system. Taking an introspective approach, I have spent time figuring out my own take on money, and the role it plays in my life. What I have determined is that for me, it fits into a framework that includes the following elements: Health, Wealth, and Relationships. Of course, a starting point for anybody is to consider how you personally view things. Why do people behave the way they do with respect to their money? What’s driving this behavior? This is an area of personal finance that has interested me for a while. The bottom line is that we each have our own relationship with money, and our own conscious and subconscious needs for money, rooted in our value systems and cumulative life experiences. Sometimes the same person may view money differently in different situations. Some people want money to provide a good home….or to contribute to the ability to have certain hobbies….or to provide something to bequeath to future generations….and so on. For yet others, money is an obsession, as accumulation signifies achievement. Some people view money as analogous to insurance, or a defensive resource to protect against future setbacks. For others, money is something that is a part of their lives but rarely on their mind, regardless of the role it actually plays.

For some, money means survival, plain and simple. In reality, I think our approach to finances can be viewed in more of a multi-dimensional setting, where money has a different role in each our lives. I believe that the way we approach our finances goes beyond that particular behavioral characteristic. This continuum is a paradigm that our popular culture uses to frame differences in the way people approach money. When it comes to our finances, each of us has our own individual approach. Some of us are savers, some are spenders, and others are somewhere in between.

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