When we hear the word addiction, whether it’s in a conversation or in a story on the news, we think of drugs, alcohol, gambling, or some other vice that “other” people in our world battle. We rarely think of addiction as something we personally deal with. I believe every person engages in some type of addictive behavior, often several, and the financial impact these can have are significant.
Most of us, if asked, would admit that we want more than we already have. Whether it’s money, relationships, career, or possessions, we’re wired to “reach” for more. This isn’t always a bad thing. Considering the innovation we’ve experienced over the past 100 years and how it’s improved life for so many, I’m grateful that we keep reaching forward and upward. But, when it comes to finances how can we know when reaching for more is not a good thing?