Wednesday, October 05, 2005

Wednesday Wallet Talk

Money Matters Not?

I read in one of those financial articles online, I won't even say where coz I think it's a stupid article and just a filler, that says that money to a degree doesn't make one happy. And more money doesn't make one happier than another person...blah blah blah blah blah.

While I do agree that happiness will not increase with more money IF one doesn't have issues with money in the first place. My opinion is that one should attain as much wealth as one can NOT for expected happiness BUT for unexpected events like emergencies, accidents, disabilities, basically for less worries. Think Bill Gates worries too much if medical premiums goes up next month? Think Warren Buffet worries if car insurance cost goes up double next year? Think both of them will worry about their kids/grandkids' college bills?
There has been a lot of hubbub about money and being happy when in fact money is not a state of mind and being while happiness is. Money is an object or medium used for exchange with goods, services, etc. etc. My primary reason to go to work is not happiness, it's to get paid and pay my bills. Happiness is in a personal level, family, friends, interaction with people, contentment, spiritual, etc.

"So lets all try to get rich without being a bitch, and hopefully Live a happy and wonderful life."

RECOMENDED READINGS IN MONEY MANAGEMENT:

The Intelligent Investor: The Definitive Book on Value Investing (Benjamin Graham) > One of the great minds in stock investing. I have not yet read this book whole as I'm busy on something important but I'm familiar with value investing, random walk and efficient market theory.

The Millionaire Next Door/The Millionaire Mind (Thomas Stanley) > Great book, statistically gives how millionaires live. Good way to create a mindset if you want to be one.

Getting on the Money Track (Rob Black) > Starter book on financing and investing, talks about getting out of debt, investing in real estate and stuff. On his seminar he actually told us not to buy the book since we probably know what it’s all about, he told us to get his 2nd book coming out though.

GOOD STARTER READ, DO NOT BUY THESE BOOKS, BORROW THEM, THEY ARE NOT WORTH THE COST IN MY OPINION:

9 Steps to Financial Freedom: Practical and Spiritual Steps (Suze Orman) --> Basic info, can be taken from the web. Pay Debt, save, etc. etc. No Need to Buy This

Rich Dad, Poor Dad (Robert Kiyosaki) --> Good starter but semi fictional and I found it contradictory to his other books. He's no Trump, Dell, Walton, Gates or Buffet so I don't think he should be relied on how to get rich. I personally think he got rich because of selling the Rich Dad Poor Dad books, and not for investing, real estate and growing a company. No Need to Buy This.

Baby Steps in Financial Independence

1 Comments:

Blogger Saint Eroica said...

until the day we die, to the burial, money still matters. sad but true. it does make the world go round... i'd rather be rich and healthy cuz i realized no matter how wealthy i get, if it can't cure a deadly disease, then what's the use? oh yeah, leave my relatives filthy rich! :)

10:21 AM  

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