We all know about money being the great equalizer, the most coveted item in this materialistic world of ours because it supposedly brings about prosperity and to those who have an oversupply of it, tremendous wealth and a delusion of god-like power and dominance over those who have lack of it. But what does money really buy you? The book Rules of Wealth has this short but very introspective insight on the notion of money being the fixer of people’s problems.
RULE 11 : If You See Money As The Solution, You’ll Find It Becomes The Problem
Having money doesn’t make all your relationships flow smoothly – not by a long shot . It doesn’t protect you from disease – it may buy you better medical care after the event but it doesn’t protect you. It might buy a better diet but the rich half of the world has a pretty poor health record despite having all the money to feed itself extremely well so that doesn’t necessarily go hand in hand.
The more you see money as the solution, the greater the chance that you are missing the point entirely. Money doesn’t do anything.
I know, I know. You’ll be thinking, “If only I had X amount, I could fix this problem in my life”. I think you’ll find money would throw up a lot more problems in its wake. Money will not make you happier, thinner or more popular with decent people. Money does not deliver lasting, meaningful peace of mind.There are plenty of rich, fat, unhappy people with no real friends. I think we need to find the cure to our problems first before funding that cure. Money isn’t and never will be the cure. It is the oil that smoothes the wheels. It isn’t the engine.
When Sadam Hussein was executed, Iraq was supposedly freed from a tyrannical dictatorship and Iraqis would celebrate their new found freedom and live happily ever after but they didn’t. In fact the situation deteriorated with the major ethnic groups cutting each other’s throats in their quest for dominance and supremacy. So what did Bush do? He shipped $12 Billion in $100 dollar bills, mostly funds sequestered from Sadam Hussein’s assets, to be distributed to the Iraqi ministers and warlords so they can go about their business of bringing normalcy to the country. Money as the stop gap solution to a very frail and volatile situation – did it work? We all know the answer – it didn’t.
Money does provide relief to man’s needs of food, clothing and shelter including satiating his self-indulgence – no question about that. The author says however that if we become reliant on money to be able to fix everything that goes haywire, or put a price tag on everything then were out to lunch with this kind of thinking. If we think that giving P1.0million to every family in Pinas will bring a permanent fix to the economic problems of the country we could be in effect implementing a Band-Aid solution and not a cure.
If you think that money is evil I think you’re spot on. In this day and age of the rat race and the passion for acquisitiveness, people’s decisions are influenced by money, be it in matters of business, relationship or work. Subconsciously, our decisions are likely to be motivated by the money factor and I’m not alluding malice or anomaly but simple and honest greed where you take it and feel like you deserve it without doing anything wrong to anyone. I may not totally agree with the author but I do agree with his comparison of money not being the engine but oil that smoothes the wheels. Many people fail to realize that it is actually possible to live richly without being rich.
MORE ON MONEY
Since this is a post about money, we might as well cover the whole 9 yards 🙂
The Most Valuable Currencies in the World
Here’s the currencies you must own if you have lots of moolah. They would likely make you even richer.
The Most Beautiful Money in the World
This has nothing to do with the value or stability of the currency . Its all about aesthetics and art – the design of the currency itself.
Many people take inflation rather lightly, totally ignorant of its dire consequences. When a country’s inflation goes through the roof, its currency becomes almost worthless, with little or no value. Take the case of Zimbabwe’s economic collapse which reduced its currency to almost nothing with the impossible exchange rate of $Z 1.0 billion ( Zimbabwe dollar) to 1US dollar ! If this happens in Pinas, God forbid, how would you like to buy a siopao for say, 800 million pesos? Utterly ridiculous isn’t it? And if you want to have Pepsi with it, the fast-food attendant will say – ” that’s another 400 million pesos , sir “. I mean were simply playing with numbers here but hyperinflation can be atrocious rendering people’s live savings worthless. I hope Zimbabwe recovers from this just like Argentina and Mexico when they were hit with hyperinflation in the 80’s.
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