Featured post

5 Ways eCommerce Merchants Can Increase Authorization Success Rates

To make more sales, it is imperative for eCommerce merchants to improve authorization success rates and reduce transaction declines. The eas...

Saturday, December 03, 2016

Money Myths and Limitations



A stack of $100 dollars notes.

“I’ve been rich and I’ve been poor---and rich is better.” -- Sophie Tucker
“A man is usually more careful of his money than he is of his principles.” –Edgar Watson Howe

Economists will tell you that “money is a medium of exchange and a means of deferred payment.” True, but modern civilization has conferred much more on money. People have virtually elevated money to something else. I have no doubt in my mind that nearly everyone knows what money is, it being a universal commodity. But the notion of its importance may vary from person to person. I do not know of anyone that will choose poverty if they had an opportunity to be rich. Money is good no doubt but it is certainly not everything. This article does not advocate the elevation of money to something else hence the necessity to clearly highlight the limitations of money. Peoples’ belief in the importance of money is not helped much by modern fiction writers and many soap operas on television designed for entertainment.



In my secondary school days, we read a lot of James Hadley Chase who wrote a few titles like: “You are dead without money; A whiff of money,” etc. These fictional presentations left indelible impressions in our young minds about the importance of money. Sadly, in this age and time, a lot of people still believe these things. Money is important no doubt but like everything else invented by man, it has its limitations. It is an irony of life that money which readily commands respect as one of the most important of human inventions abysmally fails when it comes to the most important things in life. There is no human invention which receives so much attention, so sought after and generates so much controversy as money. No doubt, money is important but so are its limitations. It is good to look for money but only by legitimate means. It is therefore not advisable to steal, kill or maim in order to have money. Poverty is not a crime but it is infinitely better not to be poor. Today, this wonderful piece of human invention called “money” is the only item that has succeeded in dividing the entire world into two distinct categories: the “haves” and the “have-nots” or the rich and the poor. “Many people have lots of money but they are very poor. The best and most beautiful things in life cannot be seen or even touched.”

In spite of all the limitations of money, it is immensely better to have it than to lack it. Money is good. It is not evil. It is excessive love of money that is evil. Money is an excellent servant but a bad master. “It is good to have money and the things that money can buy, but it is good too to occasionally make sure that you haven’t lost the things money can not buy. Personal prosperity means more than wealth.”
 



Friday, December 02, 2016

Bad Choices That Can Leave You Poor


Folded wad of $100 dollars bills.

“If we are born poor, it is not our fault, but if we die poor, it is!”…… Bill Gates

Lack of a Definite Purpose, Goal or Chief Aim in life: No one can ever hope to succeed in any endeavor by drifting through life without any aim or purpose. That is, without the pursuit of a Definite Goal. You must assume the mentality of the Archer if you need to succeed in life. The Archer trains for years just to be able to hit the bull’s eye within an hour of competition. It is this singular purpose that propels him to train hard so as to succeed at competition proper. It is the same in life. “Drifting people are like rudderless ships and all the voyages of their lives are bound in shallows and miseries.” Anyone, who has nothing to aim at in life, is clearly courting poverty.

Lack of Ambition to move past Mediocrity: This is closely related to the first. People who lack a Definite Purpose hardly have any ambition to pursue. Ambition fuels the train of desire, increases drive and the will to achieve. Anyone who lacks this drive can hardly achieve anything worthwhile and may not be able to make money and live a good life.

Negative Mental Attitude: If you think you can, you can. If you think you can’t, you certainly can’t. The mind makes the man or woman. A Positive Mental Attitude energizes and increases drive for achievement. It increases productivity, improves quality of work and reduces stress. A Negative Mental Attitude which induces ill-health, envy, jealousy, bitterness, purposeless-ness and stressful life breeds poverty. A Negative Mental Attitude is avoidable by deliberate choice.