Thursday, January 29, 2009


"Money can't buy happiness, but neither can poverty." - Leo Rosten

Money, money, money- is there any better subject to talk about? Pick up any magazine. They are full of money related articles and news. Recent economic downturn has put the media in full swing and media is churning out tonnes of pulp full of articles related to money.

If you cut to the heart of the matter, it is all very simple. Money - has there phases in your life. Learn to earn money. Earn money to enjoy life. Return money back to society to have a better life next time around. Churchill said - 'We make a living by what we earn. We make a life by what we give.'

Money is neither good or bad. It is its use that determines goodness or badness. Like many other things. Guns are neither good nor bad. Fire is neither good nor bad. They are energy. How we put it to use is what matters. Got the point?

'Money is not the key to happiness. If you have the money, you can buy the key.'

'Money saved is money made.'

Earn as much as you can. Do not lose money beyond your comfort level. It takes money to make money. Know when to cut losses and move on. Do not always dwell on money. It is better if money, like many other good things in life, comes in trickles than as floods. Chances are you will be swept away if it comes as flood. So, be patient. With patience and time, everything works out. So will be your money situation.

When you have more money than you can spend, do not hold back or spend indiscriminately. Invest in profit producing enterprises. Holding back your savings does no good to anyone. Saved money  which is not invested loses value due to inflation. On the other hand, money invested creates good economy which helps everyone. Just remember to understand what is your risk tolerance. If you can sleep well only when you have stuffed your money in your mattress, then that's what you should do. Never take more risk than you are comfortable with. This applies regardless of how attractive a money-making opportunity may be. It is your sanity. So, do whatever you need to do to preserve it.

Final thing is to return it back to society. It is the society that gave you the money. You may say you earned it. Absolutely. But, bear in mind it is the society that created value for whatever you have to offer and paid for it. You just made use of the opportunity given to you to make money. So, be grateful to the society or humanity at large which has allowed you to earn your living. If the humanity at large has been generous to you, it is only fair that you be generous to humanity as well. If you give more, you will be given more. If you hold back, even whatever little you have will be taken away from you. It is perfectly fine to leave behind your fortune to family. But, remember to give something back to society. Returning the money back to the pool is probably one of the most satisfying experiences of all times. When you spend money on worthwhile causes, you feel good. If money can buy happiness, that is one way.


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