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The Gospel Of Wealth


I quote from the Gospel of Wealth published twenty-five years ago. This then is held to be the duty of the man of wealth. First: to set an example of modest, unostentatious living, shunning display; to provide moderately for the legitimate wants of those dependent upon him, and after doing so, to consider all surplus revenues which come to him simply as trust funds, which he is strictly bound as a matter of duty, to administer in the manner which in his judgment is best calculated to produce the most beneficial results for the community.

The man of wealth must become a trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer. Those who would administer wisely must indeed be wise. For one of the serious obstacles to the improvement of our race is indiscriminate charity. It were better for mankind that the millions of the rich were thrown into the sea than so spent as to encourage the slothful, the drunken, the unworthy.

In bestowing charity, the main consideration should be to help those who help themselves. It provides part of the m Read more of this post

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Daanam On Akshaya Tritiya


wealthymattersJALA DAANAM  This form of charity involves giving water with betel nut and dakshina to a brahmin, and it is done for wealth.

SHAYANA DAANAM Giving bed to a needy is done for general happiness.

VASTHRA DAANAM Giving clothes to needy will ensure a long life to the giver.

KUMKUM DAANAM When a woman donates kumkum, she ensures a long life for her husband.

CHANDANA DAANAM Donating sandalwood will prevent accidents

NAARIKELA DAANAM Donating coconuts will ensure that the last seven generations attain salvation

BUTTERMILK DAANAM Donating buttermilk will give you knowledge and enlightenment.

PADARAKSHA Donating slippers to the need will keep the giver away from hell.

CHATRA DAANAM Donating umbrellas on the other hand will help remove obstacles from the giver’s path

Charity On Akshaya Tritiya


wealthymattersAkshaya Tritiya is considered an auspicious day by Hindus  If you are coming in late,you can read more about it here.Buying precious metals,making investments, buying properties, starting businesses and buying household goods are major activities people schedule for this day.Giving,daan i.e. charity is another major activity of the day.

The traditional belief is that whatever is given away freely with a good heart returns manifold.To do so on this auspicious occasion is to multiply the returns manifold.Giving implies that you have the good fortune to be in a position to help/give. So by giving on this day, people hope to be in a position to give more in the years to come,1.e. become more prosperous.

The common belief is that:

  1. If you do charity on this day, you will conquer the pain of death.

  2. If you help the poor and down-trodden, you will be blessed in your next birth.

  3. If you give clothes to poor people, you will get over diseases. Read more of this post

Wealth Watch At The Mumbai Marathon


wealthymatters

Tomorrow is a Sunday and its pretty chilly too in the mornings these days. But if you make the effort you can take in the the Mumbai Marathon tomorrow morning.You can pick a spot on the route shown in the map ab0ve. Read more of this post

An Interesting Take On Donating


wealthymatters.com

Would you donate your last penny?

I can honestly say that I would not …

Which brings me to a related topic: it seems that many people who come into money take a chunk of it to donate. Perhaps to have the wing of a school named after them, or to do some other ‘good works’.

Whether the sum is $1,000,000 or $100,000 or $10,000, when donating what you consider to be a large sum, think about what you are really donating; you are not merely donating $1,000,000 (or $100,000 or $10,000), you are donating the future value of $1,000,000:

Let’s say that you plan on living for another 40 years, and you can invest your money at 5% above inflation, then the real value of your donation is not $1,000,000 but more than $6.7 million!

When thinking about donating that $1 million [AJC: The Cartwood Family Wing does sound tempting], I’m not really thinking too much about that $6.7 million [AJC: or, $28.8 million ... ounch!], I’m actually asking myself:

Would I donate my last $1 million? Read more of this post

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