This post is
going to contain more of philosophy and less of finance.
Well, to be
honest – I think finance has got more philosophy to it. If you manage your finances well, it means
that you also manage your emotions well.
Financial experts suggest that managing your wealth is less about
strategy and more about your emotions.
finance management means great discipline, working hard, using your time
efficiently and also sticking to a plan.
So, have you
ever wondered about what actually makes you realize that you are rich?
If you ask a
poor, homeless person when they’ll feel they’re rich, the answer we’ll probably
get is that when they have a home and good food to eat. Well, quite an
interesting answer, I’d say. You and I have permanent shelter and access to
good food. Then why do we not feel rich?
That is when we
think about the very definition of ‘being rich’.
Wealth and richness
are relative terms. So here’s how you can find your social, emotional and
Each one of us,
have a different definition of wealth, and as I have covered already, the
definition of wealth can be relative. Richness comes in various forms. It could
be emotional, social or even spiritual. What does it mean to you? When you
answer this question, you will know that the amount of wealth that you gather
in the one arena that matters the most to you, will make you realize that you won’t need
that much money if you are rich from the other three aspects.
Have a satisfying job.
Doing what you love for a living is the first step to feeling rich. Make sure
that you work with a team that treats each other with respect and celebrates
each other’s successes with cheer and positivity. This can be an incredible
feeling of fulfillment when you feel rich at work every single day.
Do not be too stingy.
Spend your money on a few things that make you happy, and might bring you
self-improvement. Let us not deny that, material pleasure does give us some
feeling of richness – we are humans, after all!
Make sure that your
financial future is secure. If something unfortunate happens, make sure that
you can recover from it and it doesn’t have a catastrophic impact on you
money-wise. Have emergency funds. Invest in a good insurance policy. Get a
health cover. Plan your retirement.
What makes you really
rich, is how you are living up the expectations and desires that you hold for
yourself, and not confiding in the compulsions that the society thrusts on you.
POSTED BY: BALAKARTHIGA.M