Understanding Wealth

External Wealth is a By-Product of Inner Wealth
 

The inner wealth of knowledge, experience, and wisdom are your true wealth. Without them, you cannot create external wealth.

Wealth is not only what is ‘with’ you but also what is ‘in’ you: Your car, your house and other materials of display do not constitute the real wealth. In fact, they are by-products of your inner wealth.

 

Investment
 

In order to fulfil all your needs, it's better to make money through investment. People who over emphasize the accumulation of money ignore the simple fact that how his money can be used to make more money by means of investment.

Money earned must be kept circulating and put to some good use. Just like the water of a pond having an inflow and outflow system is clean. On the other hand, water-logged ponds collect dirt in them.

 

Usefulness of Money
 

No one is bothered about how much money do you have rather they are interested to know the plan, how that money is going to be spent and invested and how that is going to have an impact on your life and their life too.

The money should go only in deserving hands (those who'd put the money to good use, for the welfare of society at large). Being poor and needy are not the two eligibility criteria for receiving charity.

 

Importance of Managing Finance
 

Be ever active in the management of the economy because the root of wealth is economic activity; inactivity brings material distress. Without an active policy, both current prosperity and future gains are destroyed.

 
Find strategies for self care and coping with financial stress in the Coping With Financial Stress growth path here