Money is great. Money provides freedom. But you will always regret sacrificing love for money. When you get older, you will realize how true this statement really is if you haven’t found someone.
Here’s a story from my friend about her regrets sacrificing love for money and career. Before you make any decision, go through a regret minimization exercise to help you make better choices.
You Will Always Regret Sacrificing Love For Money
My old boss, let’s call her Lana, who is now my friend, invited me to her house party. It wasn’t her house, but her new boyfriend’s house. I was thrilled for her because, at 54, she had gone most of her post-college life without a steady boyfriend.
She graduated with honors from Columbia University and then received her MBA from Dartmouth. For the next 30 years, she worked 60+ hours a week to climb the ranks at Goldman Sachs, Deutsche Bank, and then Morgan Stanley.
In 2002, at age 37, she made Managing Director and continues to be a big wig on Wall Street today. I wouldn’t be surprised if she regularly clears at least $1.5 million dollars a year.
When I first met Lana, she was the most focused and intense woman I had ever met. Even after going through 50+ interviews with various people on the floor and interviewing with her twice, she still wanted to interview me one last time over coffee. She was meticulous. She also correctly suspected I was a misfit who might not fit the firm’s culture.
Although she grilled me like a wagyu burger, we became friends. I think our Chinese heritage helped us connect.
She would tell me about her ski trips to Whistler or to the Swiss Alps where she randomly met some guy. She always beamed with joy when she’d talk about her encounters. She’d shed her image of a hard-charging Vice President and seem like a school girl falling in love for the first time.
After one trip, I remember her telling me she’d met a Tunisian gentleman, whom I immediately started referring to him as “The Tasmanian,” an ode to the Tasmanian Devil who had swept her off her feet. Unfortunately, that relationship lasted for only six months because it was too hard to maintain a long-distance relationship.
Finally Found Someone To Love
When I caught up with Lana at her new boyfriend’s house party, she told me she was finally incredibly happy. I asked her if she could rewind time back to when we first met in 1999 what would she do differently.
She responded, “I would have absolutely focused as hard on my love life as I did on my career. I was so focused on making Managing Director as a female person of color that I overly sacrificed my personal life. Once I made Managing Director, I felt like I had to work even harder to prove my worth. As you know, the higher you go in finance, the more at risk you are of being cut.“
Lana went on, “I have all the money I will ever need. But for about 20 years, I didn’t have anybody to share it with. It felt pointless working so much. Yes, I was able to spoil my mother by taking her out to the nicest restaurants and bring her on amazing vacations, but it’s different you know? I would be willing to give up all of my wealth just to have found someone like my current boyfriend 20 years ago.”
I told Lana that I empathized with her situation. I, too, was overly focused on my career in my 20s and early 30s. I was so focused on getting promoted that I sacrificed my happiness and health. At least with Lana, she made MD.
Because of my focus on career, I didn’t propose to my girlfriend until 10 years after I met her. I couldn’t propose without feeling like I was on the right career path. And because I proposed so late, we only had our first child in 2017, 19 years after our first meeting.
I went from one extreme of working intense hours for 13 years to another extreme of leaving work behind so young. Having a more balanced work / love life probably would have been better.
The Different Types Of Love
Love is complicated because there are so many different types of love.
The first type of love is the love you feel for your parents and siblings. This is a default love because you guys are forced together. Some of us develop incredibly tight relationships with our parents and siblings. Some of us, unfortunately, do not.
The second type of love is the love that you feel for your friends. You love hanging out with them. You sometimes tease them because you care. You wish them all the success in the world because you love them.
The third type of love is the love you feel for your first boyfriend or girlfriend. Some might call it lust. This type of love is thrilling and sometimes addicting. We all know people who have fallen in love with falling in love.
The fourth type of love is an extremely deep love once you’ve found your soulmate. This is the person you share all your secrets with at pillow time. You not only trust this person with your life, but you’re also willing to sacrifice yourself for him or her.
The fifth type of love is the joyous love you have for your children. Your children give you more pride than anything else in the world. Your children motivate you to become a better person. Children bring about a love you never knew existed.
The final type of love is spiritual love. It is an undefined love in something more powerful that provides hope, purpose, and comfort.
With at least six different types of love, it makes absolute sense to focus at least an equal amount of time on love as we do on our careers and our pursuit of wealth.
Yes, there is also a love for money and status.
But if we focus too much on career and money, we become unbalanced. We start feeling empty because we start wondering what is the damn point of working so much?
I realize this. Yet, I’m finding it difficult to stop building more wealth to provide for my family. We have enough, but I desire more for greater security. I wonder if wanting to provide is just an inherit part of every parent’s DNA.
Sometimes You’ll Waste Your Time
Everlasting love is not guaranteed. It takes constant work because we tend to take the people we love for granted. We’ll also sometimes make a mistake and end up in a terrible relationship. But the search is worth it.
Just because you are alone now does not mean you will be alone forever. Like anything worth doing, you’ve got to put in the effort. You can’t just expect love to serendipitously find you. It’s worth guarding against a lonely existence.
As I come to the end of this post, I realize I need to spend more time improving my relationships with my mother, my sister, a couple of friends, and with myself.
Over the past 10 years, I’ve spent way too much time focusing on building wealth for my family and my readers. It’s time to make an adjustment.
My biggest struggle today is being satisfied with enough. I need to find a way to better appreciate the life I currently live. But I do know one thing. I would absolutely trade all my wealth to have my family.
Readers, did you overly focus on your career and money to the detriment of your love life and the love you have for others? Do you know someone sacrificing love for money? How do you go about balancing love and money? How have you been able to find ways to love yourself and your life more?
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