Don’t misunderstand this: There is nothing fundamentally wrong with making money or having money – lots of it. But there is a hazard associated with money that is worth assessing, in case we fall into a dangerous trap.

When the behavior that kept us broke and in debt is suddenly and radically changed like a wildfire to an intense desire to never be foolish with money again, which is a very sought-after transformation, we run the risk of going too far the other way if we’re not prepared.  Thinking we’re just being frugal, we can suddenly transition from careless to cheapskate, from an open hand to a stingy closed fist.  And we can spend all of our time working and seeking more money.

Read more about this key subject, and other ways to buy more time at Creating True Wealth.