Management Professor at Rice University, and the author of “Stretch”
People often misunderstand that their relationship with money and how they manage their personal finances don’t exist in isolation of their well-being and the pursuit of their life goals.
Since money is a component of our well-being, and a means to supporting our life goals, it warrants careful consideration. The best way to figure out the role of money is to reflect on and define our life goals.
Too often we mindlessly chase after money (and lots of other things too). Sometimes the pursuit of more money might lead us astray from a meaningful goal, such as having enough time outside of work to enjoy family and friends, or the pursuit of a deep interest, such as learning a new language or how to play an instrument.