People so often begin their adult life (teenage?) chasing financial wealth without even thinking about it. They believe the benefits of money automatically outweigh the costs of its accumulation. That there is no downside, and that all problems in a world of endless cash flow can be bought out.
It is certain that too much money is a better problem than not enough money. But the overriding misconceptions of wealth are simple:
We only ever have 24 hours a day.
We can only ever eat 3 meals a day.
We can only sleep in 1 bed each night.
No amount of money can change these things, or improve the relationships with those around us. It’s worth remembering this in 2011 before we embark upon a new program of attempting to garner things we might not actually want.
The title of this post is a philosophy I have. People often disagree siting financial hardship, opportunity, income, age… you name it. They can argue all they like but it is true. People who look after themselves, have pride and a solid work ethic have nice cars. Not necessarily expensive cars, but cars which are washed regularly, are tidy inside, and don’t have any obvious dings or fractures which are to be fixed.
Keeping a clean car doesn’t really cost any money, just a little bit of time and effort. In fact it usually saves people money, just like servicing a car does. Sure, cars get smashed, need repairs and are generally a necessary expense and not an asset. But like all things, delays in making it right will have a compound effect. Dints which aren’t fixed get rusty. Unserviced cars break down more often. Trying to save money letting your car go, just costs money in the long run. People with unbroken lives know this. It also has an important impact on your own self worth and psyche. Not to mention other peoples opinions of you, rightly or wrongly.
Show me an adult with a broken car, and I’ll show you a person with a broken life. (students are the exception)
Below is a classic example. Both cars of similar style and age. The first is owned by a person with a broken life, the other with by a person with a greatattitude.
Do the test for a week or two. Assess the people you know and the state of their vehicle. It tells a very clear story.
Startup blog says take pride in all you do and all you own and your life will be better.
We diversify our asset portfolios to reduce risk. To reduce the risk of a particular asset losing value, declining, getting stolen, lost, or broken. We store our assets in safes and banks and put locks on them. We even insure our assets.
If information is the new ‘asset’ – Why do we keep all our assets in only 1 or 2 devices? Just a laptop, a brain, maybe an iphone or external hard drive. Why don’t we diversify their location, or even afford them other types of protection?
Maybe they should be shared instead, and not hidden or locked up. Maybe the sharing of the asset will stimulate it’s growth. Maybe…. But there is little doubt they ought be protected.