Why I Love Money

before

Here’s what money can do:

The first picture in the above image is a highway in Japan right after the earthquake.

The second picture is the same highway six days later.

That’s what money does.

Why do you love money? (answer in comments)

[Genesis of this post:

– saw this image via a tweet by @oliviaazevedo75

– discussed with @ClaudiaYoga, who did a similar post

]

Related Posts:

What it feels like to be Rich

Follow me, on twitter.

Enjoyed This Post? Get Free Updates

  • http://www.timothysykes.com Anonymous

    I like to spend a shitload of $ on good sushi and building http://profit.ly 2.0 so we can expose all the stock market frauds and discover the best traders because other social networks don’t care :)

    • http://jamesaltucher.com James Altucher

      Ha, nice one Tim. Good sushi is the best thing in life. Will check out profit.ly.

      • http://www.timothysykes.com Anonymous

        yes u’ll find that the $ inspiration works well for trading too, its too bad others cant see that

    • Claudia

      Go Timothy! I know you CARE! :-)

    • Wessch604

      Stay away from the sushi for a while…radiation poison can cause a third eye… ;)

  • Anonymous

    A wee bit more cynical, but I love money because, while people will never be reliable, at least money makes them predictable.

    • http://jamesaltucher.com James Altucher

      Eddie, tell me how it makes them predictable.

      • Anonymous

        Given two possible outcomes to any situation, nine times out of ten a person will select the outcome that is more financially advantageous to themselves, regardless of the cost to others. There are, of course, matters of degree. But for the most part you can set your watch by it.

        • http://jamesaltucher.com James Altucher

          Can you give me a specific example where you’ve seen this in action? How about in a dating situation, for instance. be as specific as possible (actual experience).

          • Anonymous

            When we were dividing the assets at the end of my first marriage, my ex-wife did it to me. I’m not the least bit bitter about it; in fact, I kinda applaud her chutzpah. But we both came into the marriage with nothing, so it should have been a relatively straightforward 50/50 split.

            She actually broke out documentary evidence of a few trades where I’d colored outside the lines (there are several lessons there, actually, but we can get into those some other time) and threatened to go to the regulators if I didn’t give her everything. Not sure if she would have, but I wasn’t about to call her bluff. She got the lovely parting gifts, and I got the room at the Y.

            Now, she could have just as easily played it straight (it was, after all, an amicable divorce as divorces go), taken her half of the assets, and moved on. But all that money hanging out there made it pretty obvious where her head was at.

          • http://jamesaltucher.com James Altucher

            Wow, Eddie, great story! Did you get depressed? How did you deal with it after that? Did you rebuild? What is she doing now? Do you guys ever talk? Did you have kids together? What lines did you color outside of?

          • Anonymous

            1. No, not particularly depressed. I bounced back pretty quickly (I was only 24 at the time) and was happy to be back on the dating scene.
            2. Just went back to work. Made everything back and then a lot more.
            3. No idea, haven’t spoken to her since ’94.
            4. Nope. No kids. Thank God.
            5. Let’s just say I was an inquisitive fellow and made a point to find actionable information before maybe the rest of the world knew about it.

          • Anonymous

            James, I’m writing Bonus Bananas for tomorrow right now, and I came across another great example of money making someone do the predictable thing despite the action being to their obvious detriment. Sergey Aleynikov got 8 years this week:

            http://www.reuters.com/article/2011/03/18/us-goldman-aleynikov-idUSTRE72H8BK20110318

            “U.S. prosecutor Joseph Facciponti said the stolen code was Aleynikov’s “golden ticket” to Teza and “he stood to make millions more” there than he did at the bank. Facciponti said Aleynikov spent several months planning his move, eventually transferring 500,000 lines of Goldman Sachs source code to an outside server.”

  • http://www.pointsandfigures.com pointsnfigures

    But do you have confidence in money, or gold?

    • http://jamesaltucher.com James Altucher

      Gold is just a rock. Money has beautiful pictures on it.

      • http://pulse.yahoo.com/_67XSSSZNWK5M4J5VZ7JNDFOGGI Tom C

        Ever looked at or held a Gold Panda or Buffalo coin? That’s real beauty.

  • http://blog.mytradingnet.com Eradke

    It makes it easier for ideas to become more than ideas.

  • Zubairshams

    I love money, because if I had 1 million, I would have instantly invest it on a startup and get my green card. Then I can sell my house, quit my job, be rude to my friends and work on my startup knowing my finances are secure and I won’t go hungry.

    • Zubairshams

      and oh, possibly get a mistress so I don’t have to waste time chasing women…

      • http://jamesaltucher.com James Altucher

        pick one of those please. Whats better: doing a startup, being rude to friends, or having a mistress?

        • Zubairshams

          a toss up between startup and mistress… mistress won’t produce a startup, but a startup may, so I will have to go with startup .. :)

          • Brian T.

            Not true. My mistress produced a start-up. Now I have to pay for the next 18 years.

          • http://jamesaltucher.com James Altucher

            Startup and mistresses both seem too stressful.

          • http://soloflexforever.com Garett

            Get at least 2 mistresses, then they will compete to get the most attention from you.

        • Anonymous

          LOL. Being rude to friends. No contest.

  • Anonymous

    “Money is not the most important thing in the world. Love is. Fortunately, I love money.”

    • http://jamesaltucher.com James Altucher

      Ha

  • Jamie Smithson

    Because my small business just got approved for a half million of it and now I can start growing and creating jobs. Man, it has been tough to get credit but maybe banks are getting off their wallets? Maybe there are other small businesses getting loans like me? Optimism, hope of creating a future, entrepreneurship, that’s why I’m loving money this morning. Have a great day!

    • http://jamesaltucher.com James Altucher

      Jamie, thats great news about your business. Congrats! The banks are loosening the strings. What does your business do?

      • Jamie Smithson

        Ice vending! We sell ice, bagged and bulk, out of a self contained modular building. It’s like an ATM for ice. Not sexy at all. We have locations in Florida and Texas. Thanks for the reply! I bought your new book on amazon and look forward to starting it soon!

        Twice The Ice

  • http://twitter.com/jdanielwright J. Daniel Wright

    I love money for the freedom that having it brings. Too many of my coworkers are slaves to our office because they have too many obligations and make too much to leave. While their decisions have been made for them, I’ve been saving and will be free to quit in July and move to Atlanta with my future fiance.

    • http://jamesaltucher.com James Altucher

      What will you do with your freedom? How will you find meaning in life?

      • http://twitter.com/jdanielwright J. Daniel Wright

        For a man of modest means the liberation will be short-lived. But the important part is that I will not only be moving but I will also be jumping ship from the federal bureaucracy, which I’ve not enjoyed, to (hopefully) where my passion really lies, investments.

      • http://wagefreedom.com WageFreedom

        Of course that’s where it begins to get interesting…”Everything has been figured out, except how to live”. Jean-Paul Sartre

        We live in a time where increasingly, people can ask themselves this question (not always because of layoffs…!).

        Answers to your question are as unique as snowflakes James; I know I love hearing them all.

  • greg

    Is no one concerned that the man in the first picture appears to have gone missing?

    • Sooz

      OMG…:)
      too funny!!

      • http://bestessayonline.com/ best essay

        agree with you)

    • Um

      Yes, I am.. very. He should have still been there in that exact spot 6 days later.
      Maybe he’s a superhero?

  • https://jarvisapp.com/ Jay Shirley

    I’d say I don’t love money, but it probably isn’t true.

    My goal is to make enough to continue my life without a steady paycheck. Then I will just build small apps for things that annoy me but don’t have a financial case to get done and contribute to Open Source projects. Then also afford the 4 vacations a year (2 overseas, 2 domestic; though with young kids it’s been domestic, domestic, domestic and domestic). I’d also like to spend more time focusing on the market and trading, learning to improve.

    I think I have less (money) ambition than a lot of other hopeful entrepreneurs. But outside of tragedies I don’t think I’ve been unhappy in the last 10 years. I wouldn’t give up happiness for anything. It’s hard to care more about money when you have lasting happiness.

  • http://www.aimlesslychasing.com/ AmyC

    I’m not a huge fan, which may be strange coming from an investor. It traps people into believing their self worth is measured by it. People become obsessed with amassing quantity over improving the quality of their own lives and the lives of others. It makes single parents have to choose between working multiple jobs to provide for their families versus raising their families. And it can be a barrier for access to quality education, healthcare and legal protection. Necessarily evil: sure. Love: meh.

  • Sooz

    Just recently I celebrated a birthday in the great city of Chi~Town on St Paddy’s Day. Many..many family and friends flew there to surprise me. I’m glad they spent their hard earned money to do so(not to mention the tons of cash we dropped in the city). My sister flew in from Ca. and handed me a beautifully wrapped tiny box(in private). An emotional moment of suspense. Inside the tiny box was a silver dollar from 1922 from my grandfathers coin collection. My grandfather not only LOVED money he also collected it. He also had a great passion for Wall Street and was my greatest mentor. God, I miss him so much!! I’m sitting here looking that coin this very moment. What an amazing gift!!

    • http://jamesaltucher.com James Altucher

      Wow, Sooz, what a great party and a nice gift that sounds like. Congrats and happy birthday.

      • Sooz

        yeah..It was pretty damned special(some friends that flew in I hadn’t seen in over 20yrs.. flippin` unbelievable) Tat was flowing heavily in pretty champagne glasses.A very ‘GRAND’ celebration.
        Thx ,J.A.,for the b’day wish. It means a lot!

        • Sooz

          It is second nature for me to be a prankster(the Irish in me). So, for all the years in doing so they got me back in one ‘Fell Swoop’. Yes, I got ‘PUNKED’…:)

          • Sooz

            furthest travelingwas from across ‘The Pond’..
            I’m still in awe since a week gone by!
            That’s all that really matter’s..yes?
            (((YES)))

  • http://www.facebook.com/chimerafun Christopher Brand

    Money means time, the more I make the less I work giving me the offset to spend with my family, to better myself and to help other people find their own successes.

  • Dave

    … because with money… you have options.

  • rrp

    “Money cannot solve all your problems, but it can solve your money problems.” (quote i read in one of your previous post)
    Say my new born kid needs a operation within few months to save his legs which needs a lot of money. Now if i dont have money and he is crippled for life and he grows up and how will i tell him “son, i could’ve saved your legs but i didnt have money then. Sorry, but that is ok , money is not that important”.
    That is why i love money.

  • Guest

    I don’t love money. In my life money is what my family of origin loved more than anything, still to this day.
    I am estranged from all my brothers, all single, 2 divorced and one just a bachelor. We been estranged for about ten years, so our current issue isn’t the cause.

    My own family is together, husband and three children in college, and we are losing our home. So it’s really difficult right now. One of my brothers, owns an empty house that only his cat lives in – a stones throw away from me – however we will be moving into my mother’s basement. This brother also owns a house with a 3 car garage and a barn that can hold up to 12 cars he only has 4 cars – we rented a storage unite for some of our belongings. We asked him if we could used some space for a while – ” no ” was his answer.

    This has proven to be a great teacher for my children, they see what is happening and who is there to help – just their Grandmother. Some families are whacked, I am hoping mine own will be a real family for years to come.

    • http://jamesaltucher.com James Altucher

      I totally get it stsh. In some ways I have similar experiences. but its almost as if you have to develop your own relationship with money instead of intertwining it so much with your family. Your money life can be a lot healthier on its own.

      • Guest

        Oh it’s not the money that’s intertwined, it the fact that our “core values” do not align. Personally I do not believe money is more valuable then anything else in the entire world.

        I don’t want their money, I wanted a family…..they can’t provide either. So I am very fortunate to have my own family. :)

        • http://twitter.com/ToksOgun Toks Ogun

          I understand what you mean now. Money is not the most important thing in the world.

          It’s just that when your on this mission to make money, you try and remove all the reasons why you won’t make money. It’s that whole “Get rich or die trying”. Sometimes people take that to the extreme.

  • Andrew

    It’s not so much that I love money. But I love freedom, and money allows you the freedom to do a lot of things.

    • http://jamesaltucher.com James Altucher

      Freedom is the key thing for me. I dont really care where i live, what clothes i wear, i dont drive, i dont buy art (anymore), or planes. books and tech are my weakness but deflation is hitting them. Freedom is getting cheaper as your mind gets more flexible.

  • MStockie

    I would love to say that I don’t love money, but I love the way I make it… but truthfully… I love money and the way I make it! At times,it stresses me out due to it’s scarcity.

    I love what money can do for people. When people that have “mass quantities,” and use it to help fund research or repair disasters.

    NERD ALERT:
    I know this is nerdy!!! I do wonder what it would be like if I was part of some undiscovered tribe. Where they don’t know or care what money is, they just eat to survive. Pretty sure I couldn’t make it. Maybe I should have been an anthropologist.

  • Davi Assumpção

    Because all of us will need it at least once in our lifetime. Thus, money shows how weak we are.
    By realizing our weaknesses, we may improve ourselves and become stronger.
    Some will want more money and will think that will be enough to be stronger. Others will try not to have it, associating money itself as a weakness. A smaller group won’t care, thinking that money shan’t be a concern, as it will naturally come and they’ll roll with it, instead of making money the most important thing, or the least important.
    Such is the grace of free will.

  • greg
  • John

    It’s easy to make in the basement

  • UraniumC

    I love money because you can buy damn near anything with it.

    personally the only thing I’ve ever cared about buying was freedom and it’s been worth every penny. “Fuck you money” as they say.

    • Guest

      Money can’t buy you a family, and it can’t replace a sister or a mother.

      • http://twitter.com/ToksOgun Toks Ogun

        But it does help you cope.

        • Robliano

          It doesn’t help you cope, nor do drugs, but both are used to numb the situation, rather than deal with it and work through the emotions.

          • Fred

            Drugs can numb you just long enough to let time (which I think someone said you can buy with money) begin its healing process….. works in hospitals!

      • UraniumC

        don’t be too sure. I’ll sell you both my sisters and mother.

        • stsh

          It would be great if I could sell you my bothers, and you could keep your sister and mother… :)

          • UraniumC

            Ha! no thanks. best thing I ever did, well one of the good ones anyway, was to step away from my own.

  • TripleB

    Money, like so many things, is divine in moderation.

    I hate the vulgar side of money – the 300 ft yacht, personal airplanes, gold-plated bathrooms, 20,000 sq ft homes, etc.

    I hate the human desire (in some) to appear to have more money than one does – everything leveraged to the hilt, striving for “status.”

    I hate the fact that trillions of dollars in personal wealth sits idly in financial institutions while so many good people go without basics, and people suffer in other ways because they don’t have enough of it.

    • http://twitter.com/ToksOgun Toks Ogun

      @I hate the vulgar side of money. If more people like you had money then there would be less of that. Money and power can be used for good or evil.

    • http://twitter.com/insperashun B. Millan Butler

      The “vulgar side” of money means anything beyond the very basics? the stuff you mention would most likely be owned only by a multi-millionaire or billionaire and they are free to do wish they want with their money. Just like you are free to do what you want with your money. Is it also vulgar when someone buys a 50` television or a more luxurious car, even though they can well afford to do so?

      You “hate the fact that trillions of dollars in personal wealth sits idly in financial institutions while so many good people go without basics”, so would you be in favour of your government redistributing money as they see fit regardless if someone earned it or not?

  • http://jerrykhachoyan.com Jerry Khachoyan

    I love money for 1 thing; it gives you freedom. I could care less about all the materialistic things (ya like everyone I also have my wants, luxury items, but I do not care for them so much as my freedom)….Too not have to worry about bills (let alone food on the table) is something that no materialistic item could replace.

  • http://twitter.com/tinyreal Michael tiny Saul

    My favorite quote of all time: “what good is happiness? It can’t buy you money”

    • Guest

      My own quote, “Time is worth more than money, and love is worth more than time.”

      • Robliano

        Time is love, when you give your time to others.

        • http://jamesaltucher.com James Altucher

          Money won’t solve all of you problems, but it will solve your money problems.

          • Fred

            Money can’t buy you LOVE!!! But it can buy you something that looks and feels like it!

  • Welner

    I see money as a tool. The more you have the more you can help others, like your family friends. I also love money because it lets me live wherever I want (Not that I live where I want, but I think it would!) Right? LOL. Good example of that highway by the way!

  • Guest

    Everything about money in US, poor people ;)

  • KLH

    How do you spell CASH?? T-I-M-E. No one has enough of it but everyone wants it. Those who have it, want more. Cash gives you time to do whatever it is that you need to do.

    • Anonymous

      There’s no shortage of time, do what you want to do

  • Awesome Bitch

    Money, like good looks, is never a bad thing. Ever. You can be happy without it, but having it never hurts.

  • Scipio

    What I love about money is that it buys me the freedom to do the things I would love to do were money not a consideration.

  • http://www.sugarleg.com sugarleg

    I love that it provides stability and security, which on the other side of the coin, is freedom. I would like to have enough money to have stability, security, freedom and some really great shoes.

    Question for you: was the photo verified or is this photoshopped?

    • http://jamesaltucher.com James Altucher

      It came from a newspaper. On Claudia’s blog: http://claudiayoga.com, she has a similar blog post and links to the actual newspaper. no photoshop.

  • http://pulse.yahoo.com/_QAQZQ63L26FNAGYSOUBIL6XXIQ kjp712

    Money can buy you Love.It just costs more these days.

  • Steven L Goff

    Why do I love money?
    Because I’ve never had it, and want to try in on for a bit!
    See if it grows on me…
    I also want to play GOD w/ it. That’s what true wealth in life is in my opinion. Having the means, be it a (business w/ employees) to either support others and their families in life. To grow other peoples lives to make a difference in the world somehow. Even if it is just giving them a secure job. Safety comes in numbers and so does prosperity!

    “If you can save just one life, you can save the world”~Oskar Schindler

    I have said since day one of knowing ya James, and you know I have > “I dont seek wealth for my own self gratification reasons” ….. Never have!

  • http://www.facebook.com/profile.php?id=683298517 Dustin Jurceka

    I hate money. Money didn’t do that – hard work did. You shouldn’t have to pay to make the world a better place.

    • Hamilton010263

      Hmm, and someone was suppose to donate asphalt, paint, etc? Money had to be first before the hard work.

  • bill

    I hate money because money translates to capitalism

  • Dino Lambo

    DISCIPLINE!!
    Even if we had the money in this country, we just don’t have the organization or the discipline!

  • http://twitter.com/Chi0517 Chi Man Auyeung

    Money causes problems, with money there are less problems. Then everything else should be easy.

  • Greek

    Money makes things easier most of the times.
    Not sure if this is good or bad, but human nature definitely prefers things easy.

  • Andrewramponi

    Money buys the essentials, status and time (to not do things you really don’t want to do). You can pick and mix how much you allocate to each.

  • Jake

    Looking at the picture closely, you can see that the second picture doesn’t show the section of the road that was leveled. It shows the section of the road further down, where it wasn’t as badly damaged. Would be interesting to see an “after” picture of the the exact same section.

    • http://jamesaltucher.com James Altucher

      hmm, but count th erocks on the left hand side of the road. looks like about 10 in both pictures, suggesting its the same patch of road.

  • Just This Guy, y’know?

    Funny, I would’ve thought the construction crews and public planners might’ve had a hand in it, but hey, if all that took was bits of paper, it must be stronger than I thought.

  • lee

    I value good health and freedom more than I do the acquisition of $. Of course, money can facilitate the former as well as impede it…

  • lee

    I value good health and freedom more than I do the acquisition of $. Of course, money can facilitate the former as well as impede it…

  • Duke

    With all due respect, some of you are mistaken.

    Money does not give you freedom. Money gives you choice. The two are not synonymous, and the choice is not absolute.

  • Anonymous

    James,
    I suggest that your statement is hyperbole designed to attract attention.

    When you had your first child it transformed your understanding of love – and you’ve noted how it changed your life for the better. I will assert that anyone who loves money either doesn’t understand love or doesn’t understand money.

    As to money, it’s a tool to get things done. A very, very useful tool.

    We’re raising investment money to commercialize a life-saving, or more accurately, life-extending medical technology. We’ve previously raised grant money to build a working prototype and demonstrated that it reliably works in humans. We understand biology, physics and cancer much better than we understand investor psychology.

    I’d appreciate a link to your thoughts on raising money from investors…I’m still searching…it’s obvious you have a knack for doing so.

  • http://stocksonwallstreet.net/ jameshartje

    Haha great points James, it’s great to be rich and have money. Who said money couldn’t buy happiness?

  • Holm

    I am not convinced that this is real. Why are they repairing the roads in record time, while so many other tragedies are afflicting the people of Japan. Should road repair fall just a little further behind in the priority list?

    • Phil Hambly

      Maybe it is a route to the Nuclear plant?

  • CLdaGreat

    Hello, my name is Clyde and I Love Money. :-) I don’t think loving money is bad, its how much you love it that can get you in trouble. Hey, I love chocolate and Spike Lee movies, but I’m not sitting around eating Kit Kats and watching School Daze all day! Last I checked money was an essential part of life.

  • shakya

    Money can buy freedom, but not happiness.

  • Phil Hambly

    Japan: Why we love borrowing money!

  • http://soloflexforever.com Soloflexforever

    Whatever the amount of money you have, you must use it wisely and constructively.

    Avoid unnecessary debt.
    Spend less than you make.
    Save and invest that extra money so that it works hard for you.

    Hopefully some day the world will evolve beyond using money and dethrone it as king and banish it forever.

  • Romfordray

    Like several posters on this blog, I do not like the vulgar side of money. Wealth can be used to great effect. Look at all the wonderful things that folks with money have charitably gifted to us over the years in this country alone…universities, clinics, museums, parks…the list goes on. BTW, from a personal standpoint, it is money that a very rich oil tycoon used to set up a sizable scholarship fund that enabled me (and 100s of others like myself) to get a free education at a college in the U.S.

  • Ketki Paranjpe

    It is money and will. I can say that coming from a country which has the money and yet can’t mend it’s potholed roads..

  • Donna D.

    i get lost in thought when I ponder the following: “what if there was no money, no concept of currency”. for real, what if everything was “free”. What would motivate people to make things or do things like leave the house to engage in commerce? what would competition & survival look like? Before there was money, were there things people wanted that they couldn’t have, make, or barter for? people have always assigned “value” to things & to their labor….right? person vs person, tribe vs tribe. people always need something they can’t build or grow on their own, so i guess that there really is no world as we know it without money. if we could acquire all we needed without too much trouble, would some people always want to outdo others, to acquire more, to profit at the expense of others?

    i guess this discussion leads to more questions about human nature and the nature/nurture of innovation, sharing vs. hoarding. or maybe i digress. i do know that i NEED money because without a certain amount of it i cannot exist at any level of security or enjoyment. that’s just life. Because of this love of money, I am assured a lifetime of striving: to acquire it, earn it, save it, think of ways to attain more of it. a not-so-virtous circle of striving & satiety, alternating with periods of deprivation & anxiety. Money truly does occupy a lot of terrain in my world. that’s just an immutable fact. There is either enough of it, not enough of it, and there is what I wonder if i’ll ever achieve: just the right “enough” so that the money chase gets nudged aside in the hierarchy of what’s important.