Kismet

Inspiring Insight

Posts tagged ‘wealth’

What if…

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the riches we all strove for were the inner lights we could possess? What if we all wanted to be rich this way and helped each other attain this wealth?

 

The great news is that we have the option – the freedom – to choose what wealth is for ourselves. Possessing ambition is fine, but without inner peace, it means nothing.

 

Rich – adj., abounding in natural resources (Dictionary.com)

The idea for this blog was inspired by Light Watkin’s post on true wealth.

True Wealth

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My sister gifted this book to me for my birthday, along with a magnifying mirror:

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Thus, I’m becoming knowledgeable about microcredit and I have a freshly tweezed face.

I’m only on page 28, but this is what I’ve learned thus far:

Mr. Yunus has been involved with working for the benefit of poor people in India for most of his life. He is now 77. Through his work, he has enabled the poorest of the poor to gain credit, become entrepreneurs and thus, productive members of society.

The American economic system works in the favor of the rich. This is plainly obvious. Our banks do not believe in our poor. We believe that given credit, the poor will never pay the debt back. However, Yunus says his experience is the opposite: his Grameen Bank “lends over $2.5billion in U.S. currency a year to 9 million poor women on the basis of trust only.” The repayment rate? 98.96%!

Grameen Bank has 19 branches in the U.S. with “86,000 borrowers, all women*, who receive business startup loans averaging around $1,000. As of 2017, the loans disbursed…total over $600 million, and the repayment rate is over 99%.”

Yunus believes our emphasis on GDP is inaccurate and incomplete. We are not taking account the “Whole Person” in our economy. Our focus is on the selfish and our system is based on rewarding the selfish. So what do we get? Corruption, inflation and more and more people in poverty.

This man’s work is proof that it only takes one person to make an enormous difference globally. The secret? See a need, work to fulfill that need to help others and do not focus on fame or wealth. (Never mind that Yunus has a net worth of $10million and he won the Nobel Peace Prize!)

 

*You might wonder why Yunus is loaning money to women: He wanted to help the poorest of the poor.

 

Want to be a Millionaire?

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W is for Wealth and Wisdom*

What I know through years of experience:

 

 

*Part of my alphabiography project

 

 

Wishes

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When I was very young (maybe five years old),  my mother made rings out of dandelions. She’d pluck the weed and create a knot with the stem and, smiling, put the ring on my finger. I felt special and lucky. Within hours, the dandelion wilted, the yellow flowers tinged with brown. It was my first lesson of impermanence.

We were poor and a part of me knew it, but mostly, I was blissfully ignorant. I reveled in the smell of burning wood in the Iowa autumn. I loved the dandelion rings my mother made and I loved watching “The Muppets” on TV. All of this was (relatively) free. I thought everyone had a father who came home exhausted and discouraged. I thought everyone shared one bathroom in their family. I thought everyone fought over money.

I’m a lot older now and I have learned this: wishing for “stuff” always leads to disappointment. Nothing you can buy will deliver anywhere near the satisfaction of smelling burning wood on a Midwest autumn evening, or watching the “Muppets” on a chilly Halloween night or wearing a dandelion ring your mother makes just for you.

Nothing.

 

 

 

 

 

 

 

 

Prosperity

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Its not about the money, its about adding value and bringing something to the table.

Peter Sage

There are a lot of mixed signals in our culture about money. One fallacy is that you have to be dishonest or mean to be rich. Another is that your self-worth is linked to your income. Together, this creates a heartless, soulless society. Scary, to say the least.

Mr. Sage once said, “Chasing money is like chasing your tail, it’s never going to happen, because you have to pursue adding value, not money in and of itself.”

I believe that if you pursue something that helps others, the money will follow. We all have tools to self-empower and prosper.

We just need to add value to society with those tools.

 

 

 

 

Money Is Only a Tool (Ayn Rand)

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What are your beliefs about money? That you’ll never have enough? That only greedy people are rich?

Money is energy. You receive it in return for your work. If your work is valuable, you will receive currency. Focus on the giving and the rest will take care of itself.

We make a living by what we get, but we make a life by what we give. –Winston Churchill

Funds (like people) escape those who squeeze too tightly. Do good work, serve people generously, and wealth will come.

Outliers

If you haven’t read Outliers by Malcolm Gladwell, you need to put it on your reading list as soon as possible.

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In nine chapters, he illustrates and analyzes the factors for quirky successes as well as a few quirky disasters. One of the strong influences for some very interesting anomolies is the culture factor. For example, in the chapter “The Ethnic Theory of Plane Crashes,” he states: “Planes are safer when the least experienced pilot is flying because it means the second pilot isn’t going to be afraid to speak up.” One particularly frightening example Gladwell uses is that of Korean Airlines between 1988 and 1998. Their plane crash rate was 17 times higher than the U.S. In Korean culture, a subordinate (in this case, the first officer) plays a very passive role. This is not ideal in cases of inclement weather, mechanical failure or pilot fatigue. Only after a major revamping of their work culture, did KAL improve their safety status.

Continuing this analysis, I believe there is also a socioeconomic culture that keeps some people “down.” High SES kids are taught early to “speak up” and even question authority if they see fit. Low SES students generally do not question “experts” and do not feel they can ask questions in the classroom or the doctor’s office. Assertiveness is a skill that needs to be modeled and taught because a lack of it leads to apathy in health and wealth.

 

citation

Gladwell, Malcolm. Outliers: The Story of Success.
1st ed. New York: Little, Brown and Company, 2008.
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