Applying meaning to your money is all about intentionally labelling every pound that you earn with a set goal or task in mind. Don’t get me wrong. It’s not to say you can’t enjoy your money. I assure you there is a label for that too.
My point is that the money we earn and exchange our precious time for should go beyond paying monthly bills, living for the weekend or stretching it across the 25 days of annual leave from a job with no vision for the future.
An example would be, if you won or was gifted £100, £1000, £10,000 or even £100,000. How would you spend, save or invest it?
Most of us would need some time to think or might do the opposite and splurge on impulse buying.
It’s easy to say I’d give some to my family or buy a car, but it’s all about the finer details that give it meaning. Depending on the amount, it could be the difference between you paying off debts completely or walking away from a job you dislike.
I’d always lean into creating opportunities for you and your family to have options in any given circumstance.
20 years ago I got my first job at River Island and between then and now I believe I’ve had at least £480,000 after tax go through my bank. In hindsight, if I had given meaning to every pound and was intentional about my money, my family and I would truly have financial security.
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