The theme this week on the One Minute Retirement Tip podcast is: Are You A Money Hoarder? 

Today, I’m talking about the primary reason you and I hoard money. If you’re anything like me, you’ll know when you have crossed the line from being a good saver into being a money hoarder when you start to experience anxiety about spending money, or when you save for the sake of saving more, not for the purpose of saving for a specific purpose or goal. 

One of the main reasons why we can easily cross the line from saving to hoarding is that we all have insecurities and fears about the future. The future is uncertain, and there’s no way to make yourself 100% secure financially. Yet, most of us strive for financial independence and security that will be enduring. 

And those insecurities and fears about the future may cause you to hoard money in an attempt to reach the point of full insulation from any threats from the outside world. You may not rest until you’re like The Bubble Boy in Seinfeld - completely protected from anything that could harm him, yet completely miserable and anxious all the while. 

That’s it for today. Tomorrow I’m going to talk about the remedy for money hoarding tendencies and to cure your bubble-boy syndrome. 

Thanks for listening! My name is Ashley Micciche and this is the One Minute Retirement Tip. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance