JW's Financial Coaching Podcast Lesson #71-"The Disease of More"
How the "Disease of More" applies to our financesWhy we think we'll be content with "just a little bit more"Is it wrong to want more?The fine line between being content and achievementWhy an emergency fund is more about comfort and not about the math"Success is often the first step toward disaster."Hall of Fame NBA coach Pat Riley wrote that in his book Showtime. He coined it the “Disease of More.” It came from what he observed from his teams after they won the NBA championship. The year after winning the title it was a natural tendency for the players to stop focusing on what it took to win the championship. Instead they focused on individual fame, scoring more points individually, and making more money.The concept of the "Disease of More" applies to our finances as well. It can happen whenever we make a purchase, no matter how big or small. We are content with it for a while, but eventually we want something newer, nicer, or bigger and we tell ourselves that once we get whatever it is we desire we'll be happy. But it doesn't work like that because someone will always have a nicer home, car, kitchen, newest gadget, etc., than the one we have.When we fall victim to the "Disease of More" we become obsessed with whatever we desire and it is all we can think about. That object then becomes our idol, an idol that we can never satisfy.Does this make it wrong to want more? Not necessarily. Working hard and saving up to buy something isn't necessarily bad in and of itself. Having a want can be a good thing. But your self-worth should not be wrapped up in whether or not you get it. If it is then ultimately you will never be fulfilled because you will always want more and more.The "Disease of More" is similar to the lifestyle inflation trap in some ways, but in other ways it is completely different. The "Disease of More" is an all out, endless effort to accumulate and achieve more and more. It is very dangerous for not only your finances but your spiritual state as well. Ultimately you will never find peace and contentment until you are first appreciative of what you have.Enjoyed this lesson? If so please consider taking five minutes to leave a review of the show either in Stitcher SmartRadio, or iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes.You can subscribe to future podcasts through Feedburner, Stitcher SmartRadio, iTunes, or by downloading the iPhone app. Or you may listen to the podcast on the JW's Financial Coaching Facebook Fan page.If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. There are two ways to get in touch with me: 1.) Email me at JWFinancialcoaching@gmail.com - Please put “podcast” in the subject line and keep your questions brief so they are readable on air. 2.) Simply fill out the form on the contact page. Please fill out your name, email, and your question/comment/suggestion and we will read it on air.You can find prior editions of the podcast at the podcast archive page.view more
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