I've been away for a while, and we have suddenly arrived at the 3rd quarter! Time to get back on the blogging bandwagon... I have goals to reach (and things to say!).

One of the things I have grown increasingly aware of is the simple fact that it is a very different thing to manage your money well than it is to manage no money well.

What does that mean?

Well it means that I have known plenty of people who manage to do extremely well for themselves and scrape by very effectively even though they were dead broke all the time and basically couldn't afford a thing.

And yet? Somehow they always managed, almost like they were living a charmed life, or had the proverbial nine lives.

And, with reasonable cause, they would undoubtedly say that they were "excellent money managers."

But were they, really?

The reason I started questioning that is that I have also known such people — who were amazing at navigating their way through life penniless — come into, let's say, a windfall $10,000 and somehow they managed to burn through it all in 2-3 months and would go straight back to having no money at all.

It leads me to thinking that one of the important distinctions we need to draw here is the fact that it is a very different beast to successfully manage your life that has no money in it, than it is to manage your life when there is actually plenty of money. "Money management" is not the same as "no money management!"

"On paper" we might think the two are the same, and require the same skill set... but the thing is, the poor person is managing life (not money) while the well-off person is managing money.

For a moment, I started considering my own situation. Would I be as diligent at investing every token and fraction of a token if I had plenty, rather than next to nothing? I'd like to say yes, but I expect the reality might be that the sort of financial hypervigilance that goes with being perpetually broke would start to fade away.

Ultimately, I suppose it's all a matter of being aware of what is important to you!

Thanks for stopping by... till the next one!

=^..=

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