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Money Goes to Where it is Needed the Least

by SMD 


I ran across this story on CNN.com about how to tell if you are a financial “Grown-up”
The first 4 points are not anything earth shaking but the fifth is the essence of all success in my opinion.

“#5 Less really is more.

“The true signs of a financial grown-up: Instead of ratcheting up your lifestyle every time you get a raise, you consciously live below your means, value the nonmaterial wealth in your life, such as family and friends, and resist the urge to buy the next big thing simply because you can.

In the end, says James Gottfurcht, president of Psychology of Money Consultants in Los Angeles, you know that you’ve reached money maturity when you realize that “financial freedom and success go not to those who have the most, but to those who need the least.

Truer words were never spoken. Need and want are the killers in the world of finances and everything else.

I recently attended a financial seminar. One of the exercises was for everyone [300 folks] to take out a $5 bill. Walk around the room without talking to anyone and in 3 minutes or less; give the $5 to someone. No guidelines were given for how to decide who to give it to.

Who got the most? A 10 year old girl! She needed it the least. It was obvious. The other ones who received the most were also people who somehow communicated that they did not need the money. One took a wad of $5 bills out of his pocket and made it look like he had been given money by many others, as soon as he did that, more and more people gave him their money.

It was a very revealing exercise and it was clear to me that money goes to where it is needed the least. Worth considering when asking why you don’t have the amount of money that you’d like to have.

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Comments

One Response to “Money Goes to Where it is Needed the Least”

  1. Pat on June 13th, 2007 3:16 am

    Wow, that is reallly interesting! I have been reading through your blog (just discovered it), and I really like a lot of the articles. Very thought-provoking. This one, especially, strikes me as very useful. It sounds like that bible verse about “To him who has more, more will be given” or something like that.

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