Aug 7 2024 - Money Costs Too Much

 

The phone-in question last week on the CBC radio show was "Does money cost too much?"   This seemed confusing.  It turns out that it is Ralph Waldo Emerson who said this -money often costs too much.   That's a different statement to me, very different.   He was talking about how the pursuit of money can often come at a great cost to other areas of life, such as health, relationships and personal happiness. It is a philosophical statement about the potential negative impacts of prioritizing monetary gain.  That caution didn't seem to make a difference to our current society - the top money questions are about having and getting more:    How to invest   When can I retire   Can I save more   How good is my credit score   And for those who want to spend, you can find out which things do in fact "cost way to much" - and have notably gone up in price:  Trip to Disneyland  Visit to Disney World  Airfare  Hotels  Camping  All these luxury items don't feel like luxuries to people now.  Although the "cost too much" list moves on to the grocery list and continues with the basics of housing and transportation.   Today's mantra might be:  Everything costs too much. This has been at the top of mind for a long time: Anyone who lives within their means suffers from a lack of imagination. – Oscar Wilde Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair. – Sam Ewing The best way to teach your kids about taxes is by eating 30% of their ice cream. – Bill Murray A bank is a place that will lend you money if you can prove that you don’t need it. – Bob Hope There are lots of money quotes - Forbes has a great list HERE.  I found some money...

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