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Money Answers, Love Conquers!

Love is one of the greatest motivations that a person can have in life. Some people say that being able to experience love is important if you want to be happy. There are people who aren’t as concerned about love as others, though.

Some people are much more concerned with making money, and they may focus on financial success at the expense of their love lives. Take a moment to examine whether you should be more focused on finding love or making money.

Love And Money Are Commonly At Odds

Determining whether love or money is the most important thing in your life makes sense. You need to be able to prioritize things in your life. If you want to be as happy as possible, then you may want to think about whether what you’re doing is going to lead you down the right road. This could help you better focus on your own life goals.

Peter Kwadwo Asare Nyarko is a Financial Literacy Advocate and Educator, Certified Personal Finance and Business Coach, Public Speaker and Author.

Money Answers All Things

Money is a necessity in this world. You need to be able to make a certain amount of money just to be able to get by. If you make enough money to be comfortable, then you can start buying extra things to increase your standard of living.

Being able to buy things may make you feel good about yourself. You can purchase a nice new house, a good car, and many other things that may make you feel like your hard work has been worthwhile. Focusing on your career does have its advantages, and you will be rewarded for advancing up the career ladder. This doesn’t mean that money is necessarily more important than love, though.

Love Conquers All

Love is something that you shouldn’t have to live without. And the importance of love and affection cannot be overstated. Most people have loved ones that they care about dearly. Even if you don’t have a romantic partner, you likely have friends or family who love you.

Being bonded with someone like this can make a difference when it comes to your overall happiness. It may also be beneficial to have someone you can count on during tough times. This can make it easier to get through tumultuous periods of time.

Legacy Planning

All types of love can be important and are worthy of being cherished. For example, being “in love” can make you feel like the world is brighter. Friendship can have great value, and family ties are also something many people hold close to the heart. 

Finding A Balance Is Key

Finding a balance in life is often the key to being truly happy. This means you may not want to focus on love at the expense of your career. There is an old adage that says, “Love doesn’t pay the bills”. Regardless, it isn’t healthy to pursue financial success at the expense of your own happiness, either.

Many mental health experts advise people to find a way to balance their career goals with their relationship goals. That way, they’ll be able to enjoy everything that love can bring into their life while still achieving career success. Some level of financial success may make it possible to start a family as well, if this is something you desire. 

With this in mind, you may want to find a career path that gives you enough time to focus on the people and things that you love. For example, you’ll want  to spend time with your romantic partner as well as the other important people in your life. Working all the time may not be healthy. Consider striving toward a more balanced lifestyle that honors your desire for both love and money. 

To achieve this balance, you may want to consider creating some type of schedule for yourself. If you’re a bit of a workaholic, so to speak, then you might need to set some rules, like no answering work emails after dinner or putting away your phone when you’re spending time with your romantic partner. 

Mr. Peter Kwadwo Asare Nyarko, Keynote Speech – LMA Awards, Nigeria

Remember That Money Can’t Buy Love

Consider the adage “money can’t buy love”. There may be some truth to this saying. For example, people might wind up flocking to you if you become rich, but it might not always be because they truly love you. Plus, money isn’t something that can truly comfort you when you’re feeling down.

Humans are social creatures by nature, and we desire love. Financial success is admirable, and financial stability can bring some degree of happiness for many people. Still, it may be wise to differentiate between the importance of money and the true value of love.

Credit: https://www.betterhelp.com/

Author

Peter Asare Nyarko

Comment (1)

  1. adoa john
    July 5, 2023

    Comment am agraduate in financial managment bt my wife is ahigh school leave ifind challenges when planning with her.also ineed acertificate of financial managment in yr institute thanks john uganda

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Welcome to your Some Questions to Ponder

1. 
. PAPERWORK In an emergency, could someone in your family quickly find your important papers— birth certificate, bank account records, health care directive, insurance policies, credit card records, will, etc.?

2. 
NET WORTH Do you know your current net worth and how you hold title to your various assets?

3. 
CASH FLOW MANAGEMENT Do you have enough cash available (in bank accounts or easily cashed securities) to cover yourself and your family for at least six months of no work?

4. 
BUDGET Do you and your family have a useful, written monthly budget?

5. 
EXPENSES Do you think you’ll be able to pay ‘all your bills’ on time every month for the next 12 months without a paycheck?

6. 
EMPLOYMENT BENEFITS Do you understand and, if appropriate, utilize all your employment benefits to your advantage?

7. 
GOALS Do you know what’s really important to you; and have you written your personal and financial goals for yourself and your family?

8. 
FINANCIAL INDEPENDENCE/RETIREMENT Do you know when you expect to be able to retire / become financially independent?

9. 
FINANCIAL INDEPENDENCE/RETIREMENT Do you know how much income & assets you will need to enjoy your retirement years; to live a quality life, including any special gifts or bequests to family, friends and nonprofits?

10. 
FINANCIAL INDEPENDENCE/RETIREMENT Have you calculated the amount of money required to reach your financial goals?

11. 
MAJOR EXPENDITURES - Have you thought about and made a list of major expenditures you can expect over the next five years and where the money will come from to pay for them?

12. 
INVESTMENTS - Do you think your current investment plan(s) will meet your retirement needs?

13. 
TAX DEFERRAL Do you think you are making the best use of tax-deferred investment plans for retirement?

14. 
TAXES Do you know the income tax rates on your last earned dollar?

15. 
INSURANCE / RISK MANAGEMENT Do you think you have the right amount of insurance— life, health, disability, long-term-care, auto, home/renter’s, fire/flood/earthquake, liability, etc.—not too little, but not too much?

16. 
ESTATE & GIFT PLANS Do you and your family have current wills?

17. 
POWER OF ATTORNEY Do you and your family have a current Power of Attorney?

18. 
ADVANCE HEALTH CARE DIRECTIVE Do you and your family have a current Advance Health Care Directive?

19. 
CHARITABLE GIVING Are your favorite causes or nonprofits included within your estate & gift plans for a bequest, planned gift, or as a primary or alternate beneficiary for life insurance or retirement plans?

20. 
TRUSTS Do you know the advantages and disadvantages of using trusts?

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