Dodging A Haircut

wealthymattersThere are always going to be ants and grasshoppers. Unfortunately, after the grasshoppers have partied a country to the brink,on the day of reckoning, the ants will pay the price, for the grasshoppers have nothing to pay with. Savers pay when governments keep interest rates artificially low, savers pay when inflation eats away at the value of their savings and savers pay when currencies are devalued. It is harder for prudent ants to influence governments and society because saving and investing, to progress in an orderly manner, over a period of time is so unsexy. It is far easier to fall for the glamourous visions of grasshoppers that involve great expenses today, often borrowed, to ensure a many great parties tomorrow, that will be no big deal to pay for, given greater earnings in future.

The only recourse left to ants is to disconnect from the dominant ideas of the day and continue doing what their good sense tells them to do. And one skill that they had better cultivate, is to side-step the force that governments of grasshoppers can legitimately bring to bear. Read more of this post

The Sorakaya Proverb

sorakaya proverb

‘Sorakaya/Lauki/Bottle Gourd written on a piece of paper is not capable of being turned into curry.’

Learnt this very useful lesson from my dad yesterday.

Beware of whom you accept cheques and promises to pay.

Learning Financial Prudence From Squirrels

wealthymattersI often feed the squirrels on my walks in St James Park and I always notice how if you throw two peanuts at them, they will always take only one and save the other. They finish the first, and only then come back for the other.-SP Hinduja

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