
Money & Lifestyle Changes
Meaning of money and lifestyle changes affecting our retirement plans
Money has different meaning for different people. Investopedia says money is a medium of exchange. While money is universally recognized as a medium of exchange, its significance and interpretation vary greatly among individuals. For some, money represents security and stability, providing a means to meet basic needs such as food, shelter, and healthcare. Others view money as a symbol of success and status, equating financial wealth with personal achievement and societal recognition. Additionally, money holds emotional value for many, influencing feelings of self-worth, confidence, and fulfillment.