Staying in Touch with Financial Reality

It is very tempting to just imagine yourself becoming extremely rich.  Some people refer to it as dreaming big, though it may very well be a dangerous illusion.  While the occasional flight of fancy is alright, a serious belief that the fantasy can turn into reality is a problem.

What are some financial fantasies

If you are young and single, you are probably dreaming of marrying into a wealthy family.  Maybe you are overly optimistic and feel that everything is going to be alright.  Lottery wins may also cloud your brain to the point that you are already planning how to spend the money.

Other fantasies include a surprise inheritance and a sudden windfall.  No matter what the fantasy, you always seem to get everything you want without working hard.

Dangers of fantasies

Living in fantasy may make you forget to face reality.  This could make you lazier and more unproductive at work.  You probably believe your fantasies too much that you start spending like a millionaire, using money you don’t own through credit cards.  Fantasies can also make you depend on other people too much, especially in the case of waiting for inheritances.  They are very addictive because it can be a very pleasurable experience.  I mean, who does not want free money?

Being real

Even though free money is definitely welcome, you still have to be in touch with reality.  Your grandmother probably told you that you are inheriting, but you should not depend on that thought too much.  Enjoy her company instead of waiting for her to die.  As for lotteries and other unexpected money, they are very uncertain.  The best thing you can do is work hard, save money, and invest.