I was recently asked what it takes to become financially “content”. The first thing that came to mind is that this is a loaded question because “content” means different things to different people. Some people may also never be content, no matter how much money they have. But, being me, I answered it as straightforward as I possibly could and got to the point.
If you have to ask me how to become financially content, you will probably never be financially content. This doesn’t mean that you are hard to please or are a bad person, it just means that you don’t clearly have an idea of what your financial goals are yet. Before you can figure out how to reach an end, you have to figure out what defines that end. Does financial contentment involve being debt-free, paying off your student loan, paying off your mortgage, being able to retire comfortably, having $100k in your bank account? Once you figure that out, you can begin your journey to financial contentment.
If you don’t have a specific goal in mind, don’t worry, you are part of the majority in this country who are dazed and confused by the overwhelming weight of debt and monthly expenses in their life. It’s almost like contentment with overwhelming debt becomes the norm when it creeps into your life little by little. Sometimes it takes a major event to wake you up and change your view of content.
I know, I got a little deep there, but that was a lot of words to basically say that you need to figure out what your end goal is financially. Once you figure that out, and achieve it, you will be financially “content”.