The first line of the first page in most introductory finance textbooks says that we should seek to maximize wealth. The basic idea is applied to both businesses and individuals. That means every decision comes back to one simple goal: get and keep as much money as possible. This narrow focus makes a lot of people uncomfortable and seems at odds with a spiritual life. Because of this, there is a strong temptation for seekers to avoid thinking about money. Perhaps a spiritual practice makes us above money concerns. But, the reality for most is that money remains a part of daily life.
Money issues can be a roadblock on the spiritual path. Talking openly and authentically about money is not easy or automatic. This lack of genuine communication about money leads to wandering around in the dark looking for answers. Financial literacy is often not covered in schools, and we rely on our upbringing and experience to teach us what we know. Often, this isn’t enough.
In what ways does money create issues for you? Everyone has their own unique relationship with money, but there seems to be three main money problems for seekers.
1. There Never Seems to Be Enough Money
Not having enough money makes us feel insecure. This in turn leads us to worry about money and distracts from our purpose. Wanting more money can come from either a true lack of funds or from a constant craving for more. Regardless of the source, the desire for money changes how we live. How many people stay in a job that is unfulfilling just to pay the bills? How many restless nights are spent obsessing over expenses? How many relationship problems relate back to money issues?
A host of life choices often revolve around money. Will I have enough money to go to college or get training after high school? Do I have the resources to live on my own? Am I financially ready for the responsibilities of children and family? Will I be able to live the life I want in retirement? Should I pursue a different path even if it means giving up opportunities to make a lot of money? We may delay pursuing our dreams because we don’t have the needed funds.
Sometimes, we really do need to make more money to meet our basic needs. But, it is also possible that we need to review our past approach to money as we seek our mission. Asking ourselves important questions can help us see a way forward. Do I know where my money is going? Does my spending match my values? Am I satisfied with how I make money?