The most refreshing thing about How to Worry Less About Money is the author’s unflinching observation of how money affects relationships. In this book, John Armstrong relates this back to his own marriage.
“My own experience is that money worries can cause terrible conflicts in relationships. I fear I have damaged Helen’s life by not making more money. And there are stylistic clashes: I like being lavish; she’s much more restrained. For instance, I like the idea of going to fancy restaurants; she prefers the modest family-run place round the corner, or chicken soup at home. (And this is all the harder to deal with because our earnings point in the opposite directions to these personal tastes).”
Money and marriage
Armstrong points out that in the world of Jane Austen, having enough money is taken very seriously (and rightly so!) as a necessary condition of happy marriage. Money reduces the fragility of a relationship, and makes people more relaxed. Money buys luxury, privacy and stimulation. Money is for some people an aphrodisiac.
All of these things resonate so hard (perhaps not exactly the last one, but financial stress is a huge turn off and therefore lack of money is definitely a turn off).
Alas, there are no true solutions offered up, despite the practical promise offered in the title. This is a philosophical read about how we think about money, relate to it, the space it occupies in our minds and lives.
It’s a book about money worries, as opposed to money troubles.
Money troubles vs money worries
Money troubles, Armstrong contends, are urgent. They call for direct action and can only be resolved in one of two ways: either you gain access to more money or you go without something else.
Money worries, conversely, are about imagination and motions, not just what is happening now. Money worries often say more about the worrier than the world. They’re about what’s going on in your head not just in your bank account.
The meaning of money
When you strip money right back to the fundamentals, it is just a resource – a means of exchange.
“In other words money is an instrument … Ultimately the task in life is to translate efforts and activities that are inherently worthwhile into possessions and experiences that are themselves of lasting and true value.
“That is the ideal money cycle. Our relationship with money becomes unhealthy when we remove it from this cycle. That happens when we stop seeing money as potential possessions and experiences – but rather see possessions and experiences as potential money.”
We’re all bombarded these days with the reminder to DO WHAT YOU LOVE. Armstrong acknowledges that we need to make enough money to meet our needs and we also need to do things that help us make sense of who we are and contribute to collective good.
“You can escape by not caring about meaning. And you can escape by not caring about having much money. But a lot of people care about both.”
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If you know roughly what to expect going in, this is a great read. I related to so much of it, I was constantly nodding along and found myself bookmarking what seemed like every other page.
If you’ve read it, what did you think?
I haven’t read it yet, but this rings true for us too. Luckily, I married a really good man. He was open to hearing my point of view and my worries, and we made a lot of good decisions together. After we got momentum paying down our debt, he read a hundred more books and is now even more gung-ho about frugality and early retirement than I am!