Announcement

Collapse
No announcement yet.

All I think about is money

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • All I think about is money

    I wake up and check my bank account, my credit cards, my stocks, read about money, go to sleep thinking about it.

  • #2
    is this one of the steps?
    “. . . And the LORD spake, saying “First shalt thou take out the Holy 401k. Then shalt thou save to 20%, no more, no less. 20% shall be the number thou shalt save, and the number of the saving shall be 20%. 25% shalt thou not save, neither save thou 15%, excepting that thou then proceed to 20%. 30% is right out . . .””

    Comment


    • #3
      Originally posted by Craigslist View Post
      I wake up and check my bank account, my credit cards, my stocks, read about money, go to sleep thinking about it.
      Why do you think that is? Are you fearful of not having money?

      Comment


      • #4
        Originally posted by Craigslist View Post
        I wake up and check my bank account, my credit cards, my stocks, read about money, go to sleep thinking about it.
        So? What do you do the rest of the day? Or are you a banker?

        Comment


        • #5
          Originally posted by Craigslist View Post
          I wake up and check my bank account, my credit cards, my stocks, read about money, go to sleep thinking about it.
          Welcome to the club!

          Comment


          • #6
            Learn how to turn it off for a while, some of my worst financial decisions happened when I thought the sky was falling. This is a great time to set up accounts for autopilot with automatic investing and then go enjoy life.

            Comment


            • #7
              Do you have a lot of debt? I could see that weighing heavily on my psyche. I haven't had any debt or a mortgage in over 15 years which helps me worry much less about money.

              Comment


              • #8
                Have you had other hobbies where you felt the same way and it eventually waned? I’m the same way. I definitely think about money too much, but for most of my hobbies throughout my life, I get super into it, learn a lot, post, and then eventually get bored while still partaking in the hobby only as much as is actually “necessary” to still call it a hobby. I figure the same will happen with finance.

                Avoiding forums would probably be a start. The whole idea is that it should require very little of your time, so not like you have to be here

                Comment


                • #9
                  Early in my career, I was the same way. I now regret the excess time spent thinking about money, reading financial porn, studying stocks and mutual funds, etc. It might be a stage that some people go through. That said, I do check my bank account balance and the stock market futures every morning before moving on to other, more important things - making coffee, exercising, feeding/walking dogs, vacation planning, etc.

                  Comment


                  • #10
                    Originally posted by Craigslist View Post
                    I wake up and check my bank account, my credit cards, my stocks, read about money, go to sleep thinking about it.
                    Arent they basically the same everyday?

                    I mean I check stocks, but rarely anything else as its easy to be in the ballpark all the time.

                    I think one of the hardest parts in all this is "figuring it out" and then nothing happens for what feels like forever. Neither your debts nor savings just blow up over night, its the waiting a few years thats hard.

                    Comment


                    • #11
                      Starting a blog about money won't improve the situation.

                      Comment


                      • #12
                        Why are you checking it...is there a particular reason? I check my credit card daily just to make sure everything looks ok as we've had 2 issues with fraud in the last 18 months. I'll check my investments only if there has been a big market movement that may affect where my contributions go. I also keep my eye on the markets daily because it's one of the things I'm interested in although my portfolio is very boring.

                        Comment


                        • #13
                          What is there to check? Plow your excess money into your retirement and brokerage accounts once a month. Work and let your investments compound. The only time there is something to do is if the market drops enough that it's worth TLH (>10% drop in my case).

                          Use a financial aggregator like Mint and you can see all your linked account balances and transactions. Mint also offers a nifty net worth graph in one week/month/year increments. When I swipe between them it makes it obvious how short-term movements is mostly noise.

                          Comment


                          • #14
                            Originally posted by CordMcNally View Post
                            Why are you checking it...is there a particular reason? I check my credit card daily just to make sure everything looks ok as we've had 2 issues with fraud in the last 18 months. I'll check my investments only if there has been a big market movement that may affect where my contributions go. I also keep my eye on the markets daily because it's one of the things I'm interested in although my portfolio is very boring.
                            you dont just wait for the email, text?

                            Can imagine checking all the time.

                            Comment


                            • #15
                              Originally posted by Zaphod View Post

                              you dont just wait for the email, text?

                              Can imagine checking all the time.
                              One of the times I didn't get a text or email. It also only takes about 15 seconds.

                              Comment

                              Working...
                              X