Ask HN: How to stop my greed for money?
I make an average living (low six figures, have savings, house, no loan, etc) but for the last 2-3 years my greed for money has been unstoppable.
I keep reading about these people who are making millions of dollars and I want to be like them too. It is turning into an obsession. I used to love what I do but now it's all about money.
Every minute I'm not working is me not working towards my goal. I'm either working or criticizing myself for not working.
It is making me very unhappy and I realize that it's all because of this stupid obsession but I just can't shake it. It's not just greed but I'm also scared because I feel if I don't make a lot of money now I will miss my chance and I will be poor when I'm old (it's not 100% true since I have good savings but this thought keeps bugging me over and over).
Anyone else feel the same? Any word of advice?
:(
79 comments
[ 2.1 ms ] story [ 147 ms ] threadIn certain circles this is called creating an "abundance mentality," [1]. When you get rid of something that you're worried about not having enough of, it trains your brain to not worry so much about having the thing.
[1] https://www.positivityblog.com/how-to-create-an-abundance-me...
Try to get your self worth from something else. (Easier said than done in this society!)
That's exactly the dangerous thing about it. I'm a minor hoarder of electronic components, and I'd probably be a pathological case if my wife didn't stop me. It's precisely the potential future usefulness that keeps me piling our basement full of old washing machine motors and garage-door solenoids.
[0] https://www.mrmoneymustache.com/2013/02/22/getting-rich-from...
I see two possible paths forward.
The less likely is to read and internalize http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim... and realize how quickly you can reach financial independence at a reduced spending level (but one that still affords an amazing life). Buying time is the most valuable use of money, IMO.
The second is to stay miserable for a while, striving for something ambiguous yet out of reach, until you get older and this feeling fades.
Path #1 (or a variant) is probably healthier and happier.
Also I have mixed feelings towards recommending the Mustachian community to OP. FI might help quench a thirst for money, but it also might just augment or exacerbate the obsession with accumulating money.
Personally, I see this problem as more of a philosophical one. I can't offer answers, but as someone who also has to consciously fight off obsession with money, practicing mindfulness, living in the moment, and finding joy in relationships and other "free", meaningful things helps. idk ¯\_(ツ)_/¯
If I am truly doing this, can that still be rationalized even when I am very underemployed?
While I won't bog you down on the details, I have a really patchy work history created by frequent layoffs. This created a lot of unemployment time, taking up about a quarter of my post-academic life. On top of that, I am very underpaid for a developer (~40% of the local average pay) so I often struggle making ends meet when I'm out of a job.
I feel pressured from many sides thinking of many possible solutions to choose.
Quarters
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"Maybe the problem is that I got involved with the wrong crowd of gods when I was seven. At first they weren't harmful and only showed themselves as fish, birds, especially herons and loons, turtles, a bobcat and a small bear, but not deer and rabbits who only offered themselves as food. And maybe I spent too much time inside the water of lakes and rivers. Underwater seemed like the safest church I could go to. And sleeping outside that young might have seeped too much dark into my brain and bones. It was not for me to ever recover. The other day I found a quarter in the driveway I lost at the Mecosta State Fair in 1947 and missed out on five rides including the Ferris wheel and the Tilt-A-Whirl. I sat in anger for hours in the bull barn mourning my lost quarter on which the entire tragic history of earth is written. I looked up into the holes of the bulls' massive noses and at the brass rings puncturing their noses which allowed them to be led. It would have been an easier life if I had allowed a ring in my nose but so many years later I still find the spore of the gods here and there but never in the vicinity of quarters."
My best advise would be for you to go chase your dream and to stop complaining too much. If you love money (who doesn’t really?), then work harder to get more.
You are dissatisfied, yes, but you aren’t making a ton of money.
Your nervous system is just disregulated, talk to a somatic therapist.
Also, try actually making more money and figuring out how to overcome your internal blocks.
Why not just devote yourself obsessively to getting money?
Either you’ll get it and see what that’s like, or you’ll learn you don’t actually have sufficient drive to do it, or the right skills.
I mean everyone’s got to do something all day. Just make sure to have a set of ethics and values and continue to abide by them during this pursuit.
An then do some camping, near and far.
So what do you want out of life? What would you do if you had a billion dollars? What would you do if money weren't a thing at all, and we all got to do whatever we want?
I would still create things. I'd write code. I'd design 3d models. I'd write. I'd climb mountains, and run on trails. I'd spend time with my family. I'd watch movies. I'd read books.
What would you do? Are you doing any of these things now? If you can identify these kinds of things, and let yourself enjoy them in the moment, you might find yourself not thinking about money for a little while each day.
Freedom from having a boss? Not having to work? Fast cars? Flash apartments in trendy locations? Bragging rights? Feeling of "winning the game".
Ask yourself honestly will you still have some kind of obsession even if you made millions. Its a cliche the 70 year old billionaire businessperson still working their ass off.
In a nutshell get to know yourself and your motivations. Reflect.
I don't want a garage of Ferraris, McLarens or Lamborghinis. I want a garage of hot hatches, track cars, Caterhams, Lotus', fast coupes: a nice collection of "affordable" fast cars that I grew up aspiring to own.
1. Tell yourself that it is okay to feel uncomfortable. This is uncomfortable feeling that you're not in control, that you're not making enough, that you're going to miss your one shot. This is the first step at reducing the anxiety of it.
2. Start to remove distracting consumptions. Social media, articles, news, etc. Spend time just being with yourself and appreciate the quiet. Put your phone on flight mode at night and charge it in a different room, get enough sleep.
3. Expose yourself to new perspectives. I have found the following audio books to be instrumental is figuring out how to be happier without greed:
a) A Guide to the Good Life: The Ancient Art of Stoic Joy
b) Man's Search for Meaning
c) The Power of Now (I'm only about 1 hour into this one, but it's made me think)
4. Start a new routine to break the habit of your current ways of thinking.
5. Meditate to help you regain control of your reactions - become reaction aware.
6. Don't look for whole solutions, progress happens in tiny steps and just keep exploring new ways to approach how you feel, how you motivate, how you enjoy the today. Sometimes it's the smaller things that have more profound effects.
7. Start measuring your progress in years, derived by small daily improvements.
I appreciate the above advice might not be for everyone, but it's something I'm going down and enjoying it very much. You already reached a fundamental point, to bring out of your subconscious how you really feel. Now you can consciously reprogram how you want to feel. Well done!
But don't stay in a resort: find a high-rated AirBnB with a local host where you feel safe (all of those countries have very safe areas to travel through) and get to know the pace of life for a few days. Personally I find I need 10 days in one place to feel like it's familiar and I can start to understand the rhythms. Visit the local markets and restaurants, stay away from the multinationals like Starbucks and the tourist blackholes like Cancun.
I know for Americans time is valuable, but even a few days flying as far south as you can get will be insightful and energising.
I'm highly sceptical of it. If they're so happy, why so many of people in those countries make desperate efforts to emigrate to a developed country?
I make 33k a year...