Everyone seems obsessed with making money and becoming rich these days, how do you stop yourself from getting sucked into the materialism of it all?

I think for you to be feeling this way, it means that you are finally growing and starting to understand about this aspect in life. When we are young, we are turned off by this type of things simple cause we don't need it. But as I start to grow older, I start to be worried about how much money I would need in the future.

For me, I don't really care about the materialistic stuff, but the necessities like having a house, having enough to build a family, having enough to retire. You will definitely need money for all these and need enough for a comfortable life.

I don't really think it is a blackhole, it is just part and parcel of growing up!

I feel that money should be a tool for you to use and you should own your possessions, and not let them own you. I feel that it is also important to have friends and a support network outside of money. If you have an interest group or a hobby that focuses on something else entirely, it could be beneficial. Otherwise, you could slow down on the grind and take up alternative activities like reading a book (e.g. a fiction book) or you could volunteer your time to contribute something to society. I hope this helps.

Being rich and living a comfortable life =/= being materialistic

You can retire and achieve financial independence early in life and still be happy and generous

It has nothing to do with the money, and it has everything to do with your mindset and heartset

Hi!

I understand where you're coming from! Especially in Singapore where everyone is a little too obsessed with making money and trying to buy the most expensive shoes or bags out there to impress people around them. Don't get confused with being materialistic and being rich, some people have spent far too much on branded goods that they are left with less money to their name.

However, it is ok to be obsessed with making money as some or even most people are aiming towards financial freedom, funding for long term goals, and even retirement planning so that they don't burden their children in the future and are self-sustainable.

Try to set your own financial goals! Do you have any short or long term goals in mind that require a hefty sum? (i.e car, house etc) What's your lifestyle like? How do you intend to set aside your money (i.e savings, spending, insurance, investments etc). These are some questions you may ask yourself to keep yourself on track and not too bothered by what other people are doing.

Also, surround yourself with friends who are encouraging and understanding of your current financial situation and goals so that you can encourage and motivate each other to stay on track! Lastly, read up more about things that you are unsure of when it comes to personal finance! It can be quite daunting and overwhelming but it will get better once you start. All the best! :) ​​​