The stages of money - philosophical

1 - The first stage of personal finance involves learning the basics: understanding compound interest, reducing debt, beginning to save.
2 - The second stage is putting the basics into practice: choosing to live frugally, saving in earnest, and pursuing financial goals.
3 - The third stage — the “what next?” stage — comes after we’ve mastered the fundamentals. It’s at this point that we begin to ask “why?” Why are we continuing to save? All of our debts are paid, so what’s the point? (There certainly is a point, but what is it?)



Portions of this post were taken from http://www.getrichslowly.org/