Investing - Theory, News & General • Re: Money = stress reduction

I largely agree with the premise that money can reduce stress, although its efficacy varies by person and circumstance.

Some people seem to not worry about money as long as they are making ends meet. I used to be this way before I read about finances. I didn't have an emergency fund, contributed only slightly above what's required for a full 401k match, and paid down my 3.5% mortgage 13 years early because I wanted to see the amount owed go down and didn't like the concept of the credit union having a claim on my place of residence. I didn't have a concern in the world because my needs were met and I didn't know better.

After reading about finances, I'm saving a lot more and also paradoxically worrying about money more. Emergency savings are in a better place now, and I expect the worry to decrease as I build up some extra buffer.

Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.

Never take financial advice from someone who uses LSD.

It's a quote from a character in one of Charles Dickens' novels. Dickens died in 1870. LSD was first synthesized in 1938. LSD has a lot of effects, but I don't think time travel is among them.

Statistics: Posted by blortchplop — Fri Feb 07, 2025 9:09 pm

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