musingEverybody has there own thoughts, and these are just the thoughts of one millennial – me. Other millennials will have widely different views and the group as a whole may have different opinions as well. However, I want to share some of my overall thoughts on money.

I write about money on this blog, so I obviously care about money, but I don’t at the same time. What I mean is that I think and write about it a lot, but also recognize that there is much more to life than money. To me this means there needs to be a balance when it comes to money.

I want money to enable me, but not consume me.

Part of this means that I don’t want to feel like I have to find the absolute cheapest route to accomplish something. If that route is easy or if I might find it enjoyable, then I’ll gladly take the cheaper route.

I also don’t want to have to worry about having too little money. I have plans to help make sure that doesn’t happen – they are called retirement savings and emergency fund savings.

If you look around the site a little bit, you’ll see that I want to retire early, have flexibility, and travel. Money will enable all of these, but it doesn’t have to completely consume me either.

Getting a big pay raise doesn’t really entice me that much.

I suppose there could be some benefits to making more money – it may let me retire earlier or be generous with the money. But, overall I don’t view earning more money as a big plus. Also note that while I don’t make a six figure salary, I still earn more than the average millennial.

That said about big raises – recognition for doing a good job is important to me. In general, private recognition or earning a little extra vacation appeal to me more strongly than money.

Amassing extreme amounts of money doesn’t appeal to me.

I’m not really sure what the point of being a multi-millionaire is. Can somebody share this knowledge with me? I understand that some people might want a couple million dollars to retire, but amassing a lot more doesn’t make sense too me. To be clear I’m talking about personal wealth, not investments to run a business.

Is it to leave it for children? Is it to be able to spend lavishly in retirement? Is it for purchasing a yacht? – I guess those last two go under the next topic. I just don’t understand why somebody would want to sit on top of millions of dollars. It seems like putting it to a good cause would be more fulfilling than just sitting on it.

Spending extreme amounts of money doesn’t appeal to me either.

This applies more to spending on “stuff,” but also applies to experiences. Overspending just isn’t necessary, but I see overpriced crap all the time.

How much stuff is really necessary, and what’s the point of having stuff if it never gets used? The more stuff I have, the more places I have to find to store it and the more difficult things like cleaning become.

I’m all for experiences, but overspending on those fall here too. I enjoy a beer outside home every now and then, but running up a $50 tab at a bar is ridiculous. Also, I’ve got to wonder why people will spend $50K+ on a vehicle.

I really don’t understand people’s choices with money.

Why does it seem like some people are just so terrible with money? I’ll admit that I’ve made poor choices with money too. How is it that so many people get into credit card debt? Yes, some people have true emergencies that cause it, but a lot of people get into debt because they don’t seem to care about it.

There you have it – some basic thoughts from a millennial on money topics. To sum it up, money topics interest me – even beyond what I’ve mentioned here, but money doesn’t consume me because having or spending huge amounts of it doesn’t appeal to me.