Saturday, November 2, 2024

Losing Your Money

Making money is all about your being and your doing: being who you are and doing what you can with what you have.

Not knowing your true self and not doing what you are supposed to do, and yet wanting your money, and even lots of it, leads to your “money fantasies”, such as becoming a professional gambler, lining up for hours to get your Power Ball, and even engaging in burglary or bank robbery.

No matter what, you may lose your money at some point in your life, and that is a reality. Remember, the opposite of "gain" is "loss", and what goes up must also come down, and this is a universal truth.

LOSING

Even if your life is a bed of roses, it must also have some thorns to go with it. What goes up must also come down. Gains are followed by losses. That is the natural cycle of all things.

While pursuing your careers, you might have encountered your discharge or unemployment, and while making your money in your businesses or financial investments, you might also have been overwhelmed by your money losses.

Freedom

Free yourself from “money miseries”—living from paycheck to paycheck; not making both ends meet; always seeing your lack and deprivation when compared with others.

Remember this: Even wealthy celebrities went broke, and you are not alone. For example, Mike Tyson, a boxing champion, earning over $300 million dollars, ended up in bankruptcy in 2003; and Michael Jackson, a recording artist, dancer, singer, and songwriter, earning over $500 million dollars, was heavily in debt when he died in 2009.

So, fight the good fight to recover, restore, and rejuvenate yourself from the bondage and wreckage of losses. 

Bondage

Money is emotional, especially when always feeling the lack of it. Yes, money can cause many mental problems, including depression.

With more money, you can live rich. But even with less money, you can still live richly, and free yourself from the bondage of lack.

But how to live richly if you have less money? The answer is thrift, which is an alternative lifestyle to consumerism, materialism, and over-consumption in this material world you are living in.

Thrift may help you work less, and not more. Many people are not paying with their money; instead, they are paying with their time from their lives. Are you one of them? Are you doing two or more jobs just to earn that extra money to spend more

Thrift may promote your positive consumption values. Are some or most of your purchases aimed at your instant gratification, or just enhancing your self-esteem, making you feel rich, such as wearing a designer’s dress?

Thrift may encourage your savings. It may give you more space to save, thereby instrumental in protecting you from negative income shocks, such as an unexpected unemployment.

Yes, living richly with thrift may turn you from bondage to freedom.

FREEDOM with BONDAGE shows you how to free yourself from your bondage to the flesh that gives you the "freedom" to make the wrong choices and decisions in your everyday life.

Stephen Lau

Copyright© by Stephen Lau

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