Yea money solves problems, but it also produces other problems!

[Inior]

I was hoping to see the op list the actual problems of having money but he didn't, instead, he was listing choices that can be made based on your desire. If you earn or make an increase in your income it's your choice to buy luxury like getting a bigger house or getting a more expensive car. Those are things that are still within your paycheck or your income so it's basically not a problem, where it becomes a problem is when you buy what you can't afford to maintain. The real problems of becoming rich is actually security, you can't leave a normal life like the average person anymore. There would be a lot of restricted zones you can't enter without security.

[Agathamay]

Don't get me wrong though, this doesn't mean acquiring wealth should suddenly become undesirable, the key component here is financial discipline. Without discipline money can obviously buy comfort, but unnecessary comfort also come with complexities.

Money truly answers all things and I would tell
You for free that with money, you can buy even more free time for yourself and that's just the power of money and yes those points you mentioned about how money produces more problems can be just valid for a person who doesn't know the power of money because for someone to acquire a $1m car, I personally don't think the cost of repairs and maintenance should be such a persons problem and yes the cost of staffing can be ignored by someone who doesn't know the worth of their time but for a wealthy man, time is money and that is why they have to hire people to help them get their chores done, and that's not waste of money but rather buying more time for more productivity.

Do you also know that, you can hire people to help
You manage your money wisely ?

Do you also know that, you can get to make your money work for you while you chill?

Do you know that, the most rewards isn't in physical work but in smart and brainy jobs ?


So when you see a wealthy man choosing luxury, is isn't about waste of resources but at some point, that's what their brain might need for relaxation to get the actual brain job done.

[New Judgement]

But the problems money solves are much higher than the ones it creates. To me most of the things you listed as problems are not actually a problems to me. Those things are choices people makes, if you don’t have the needs for those luxuries, you can just maintain a low profile even though you have money. It is not everyone that has money that are always on designers all the time, unless you are a well known celebrity. When you have money, most of the works are no longer done by you, your money now works for you.

I was thinking you were going to mention insecurity challenge as one of the problems money brings.

[m2017]

Yes having access to money in this case purchasing power, can help to satisfy a lot of wants and also solve immediate problems. Having money can also open new opportunities in terms of having access because of finance, for example, a person with a favourable statement if account from planning for education or visit from a developing to a developed nation stand a better chance of having a visa, than those who have an unfavourable statement of account.

Money is like a magic "key" that allows to open new (and more) doors.

However, a greater access to finance, can also change the structure of the problems that can arise. A person with higher access to income would naturally have a change of taste with; housing, choice of car, clothing and vacation etc..

That isn't always the case. If a person doesn't feel the need to show off in a cheap way, it’s not a problem for them. For instance, W.Buffett doesn't drive a Bentley - or have you seen how B.Gates dresses?

A bigger house would surely come with a bigger cost of running, including more staff in place, a luxury car also comes with a higher maintenance cost,

A more "comfortable" standard of living requires greater investment - that is true.

then there's a need to appear in designer clothes and off course a need to see the rest of the world, obviously travelling is one of the draining forces to finance, as it can pose to be outrageously expensive.

A need for designer clothes and to travel the world? Sounds funny.

Furthermore the need to maintain these new normals, is actually time consuming. You would need timing to plan a bigger house, maintenance can also be time consuming, as mention the time forgive in planning networking or travels.

Hired specialists can handle this.

Such time could have been utilized productively somewhere else. Another problem has surely resurfaced.

Anywhere else? While traveling, for example? It’s not such a terrible problem, really.

What we through money is a transformation of scarcity rather than completely eliminating it.

Money can buy almost all resources. Except for one thing - time (can't extend your lifespan). But at the same time, they allow you to “buy” time from others to satisfy your needs. For example, the same home care staff. They spend their time on this routine, while you can use the freed up time (that you would have spent) on other tasks. For example, lying on the beach.

Don't get me wrong though, this doesn't mean acquiring wealth should suddenly become undesirable, the key component here is financial discipline. Without discipline money can obviously buy comfort, but unnecessary comfort also come with complexities.

Any difficulties can be overcome when such goals are set. I imagine that many people here are not at all daunted by the challenges associated with excessive comfort; the main thing for them is simply having that abundance of comfort.

[Akaenyi]

I would say the biggest "problem" of having money is that it comes with lots of responsabilities. You will have to spend your time managing it properly, otherwise, it goes away... People think that to have money is only fun and freedom. But it's not. You have to give up on a lot of leisure to maintain your money or to grow it.

Yes the more money you get means that your responsibilities would increase because your expenses will multiply many times depending on the level that you want to mantain, some people will say the more money you get the more problems you will see but the problems would be nothing if you have money to take care of them. One of the big problems of money is how to manage it, if you cannot manage your riches you will gradually lose it, some people says that it is easier to become rich than managing to remain rich, that is why you will see rich people who became poor due to their poor financial management. Being rich is not only about enjoying luxury lifestyles if you don't work hard to mantain you level or go higher then you will start to go downward which would be very bad. Better not to be rich than becoming rich then fall to become poor, it is usually very deverstating.

[Jaweria parveen]

If your goal is to solve a problem by investing money in the wrong thing, then it can create a separate problem for you, but when you invest money according to your needs and principles, it will not create problems for you. Wrong work always has a wrong result, so wrong work costs money and is done easily. Investing money is easy, but we do not know where the problems that will arise after that will take us. Investing money and working by recommendation is not good, but it is wrong and one day you will also get problems for it. Whenever you invest money and do every wrong work, it will increase for you because then your goal will not be to work hard, but to get everything done by giving money. Both good and bad works will be included in this. Just like the government keeps a reward for catching a criminal and similarly it takes loans to keep the people hungry.

[Joeboy]

...

Honestly speaking OP, I really don't see any of what you mentioned as a problem per-se... When there is money, what concern you with planning and all of the other stuffs that the average or poor folks engage themselves in... Most rich folks today employs staffs that plans for them- These staff are in charge of planning what they eat, the car they drive, places and appointments they go to, the type of house they live in, and all of that.. These folks rarely concern themselves with decision making , since they already have paid staffs that do it so perfectly for them.. Even in the aspect of traveling and all of that, not many rich folks travel, since most happens to be introverts and so limit the places they even go to... Then again, there may still be problems, but am sure it will always be such that the wealth can actually take care of( except for those problems that are above human control like sicknesses, death and whatnot)...

[LastKiss]

~
However, a greater access to finance, can also change the structure of the problems that can arise. A person with higher access to income would naturally have a change of taste with; housing, choice of car, clothing and vacation etc..
A bigger house would surely come with a bigger cost of running, including more staff in place, a luxury car also comes with a higher maintenance cost, then there's a need to appear in designer clothes and off course a need to see the rest of the world, obviously travelling is one of the draining forces to finance, as it can pose to be outrageously expensive.

~snip~

People think having lots of money will make their life much easier but there are lots of problem that someone never face when they have less money and they could not ready at all. But compare to someone who doesn't have money, people will choose to have lots of money since living in this world already comes with lots of problem and even myself will choose having lots of money with new problems.

There's something that we couldn't control either we have money or not that's why problem will always comes to us, it depends on how we face it and sometimes when we face it with wrong move we could lose something precious to us, take example when someone have more money than before but he spend it for gambling instead, end up losing all of his money. If someone can't manage their life properly, then I doubt they would be able to manage their money properly either, in that case I don't think they are ready to become rich.

[Taricoins]

If there is one thing I know, problem or rather challenges is constant ad it morphs according to your progression  so when you are poor your or problem might be your next meal or your child education fees and the rest but when you become richer probably through huge companies, it becomes board members, market stocks fighting of competitions and oppressors and above all security. Problems don't go away, they grow as you grow.

[Tamaperdana]

Snip

The point is, money does have many uses, and it can also be a lot of trouble. But still, I think the most determining factor for us to be comfortable or not is not a lot of money or not, but still up to us. The point is, even if we have a lot of money, but if we can control ourselves well, I think it will be okay. Because basically, when someone who has a lot of money wants a luxury car and a big house, yes, that's fine, as long as it doesn't make our minds dizzy afterwards.

So that's why here we have to be able to think more deeply, because we have a lot of money, because what is the purpose of having a lot of money? For me personally, having a lot of money is something that can make it easier for me to send my children to school, make myself, my wife and family happy, and also so I can help people. Honestly, that's my goal in wanting a lot of money. So my goal is clear, and I'm sure it won't cause any problems even if I have a lot of money.

[abhiseshakana]

OP, i think it is still rational for lifestyle to rise in line with income and usually it is adjust gradually. Based on my personal experiences, before spending money i always have self awareness. Simple example, when my salary is only USD 300/mo, it’s not yet time for me to experience the pleasures of fine dining, if my salary USD 1000/mo then It makes sense to give it a try.

Living frugally does not mean we need to live as cheaply as possible. What we need is to live sustainably. Nowdays we face a VUCA world, at least we need to ensure that our lifestyle change does not exceed financial ability. We often hear that gen z often need healing for mental health nowdays, these problem emerge due to they sepend money to escape the financial pressure that they actually created themselves, what they need spend money for recovering to become productive. As long as not using debt, daily needed safe, emergency fund on its line, financial goal not sacrificed, we give amount limit by our selves and not let stress get to us then healing is acceptable.

What we should understand that what financial discipline pillar's role, it can maximize our financial healthy and our quality of life without creating unnecessary complexity or simply said stressless.

[trendcoin]

Money is important, but the purpose of life cannot be simply to make a lot of money. Money does not bring happiness. If money brought happiness, we would buy it off the shelf at the store as a packaged product. The purpose of life is to be happy, and if we are unhappy while making money, we need to reevaluate our lives. I must reiterate that money is a material necessity we must have to meet our basic needs, but it is not what gives life its meaning. The meaning of life is happiness, and it lies in virtues, not in material possessions...

[pusaka]

Money is important, but the purpose of life cannot be simply to make a lot of money. Money does not bring happiness. If money brought happiness, we would buy it off the shelf at the store as a packaged product. The purpose of life is to be happy, and if we are unhappy while making money, we need to reevaluate our lives. I must reiterate that money is a material necessity we must have to meet our basic needs, but it is not what gives life its meaning. The meaning of life is happiness, and it lies in virtues, not in material possessions...

Money is a medium of exchange. If we go back to the past, before money was invented, we can learn that they still lived and were still happy. It's just that perhaps times have changed, making money a top priority for some people. In my wildest thoughts, I wonder if this is because someone or a group of elites wants to control us. In reality, that's true, because we know that currency exchange rates fluctuate against other currencies.

I agree with you that money shouldn't be the measure of happiness, because there should be something more meaningful than just money. Our job is to seek that to find true happiness.