Skip to main content

Is it good to be money-minded?

I have spent last few weeks trying to make choices between health, children's education, career choices, safe & secure environment for kids, time with parents and most importantly - money. People who have witnessed my dilemma have told me I am too emotional, not ambitious enough, 'wasting my talent' and what not!
At the same time, I have also seen people of my age and caliber make the same choices with ease. So, I got thinking. What is it that helps them make these decisions? After a lot of deliberation, I think it is money. I have grown up in a household that places minimal emphasis on money. My father once told me that money will help me survive but it's my passion that will help me have a life. So, money has been no more than a tool! In fact so much was my self gratification that I even looked down upon people as 'money-minded'. My definition of such people was - people who would make decisions purely based on monetary gain. While, I made my decisions based on my emotional quotient. 
Last few weeks though have made me realize, that money is a far more reliable and quantifiable goal to keep! If you take decision based on what (you think) is best for your kids, it may not always turn out to be that way. If you think your parents need you, they may not think in the same way. Besides, middle class parents have spent their entire life trying to make ends meet and earn some money. To them your earning opportunities outweigh their emotional needs. If you think you are awesome at some art, say painting and make career choice based on this belief, you may be in for some reality check. The one thing that almost always turns out right is - if you think you will make money, you WILL make money!
What do you think?

Comments

Popular posts from this blog

Why people break rules

This is a topic I have been thinking over for some time. It is disheartening to see that breaking rule is becoming a norm across our country. As per a recent news article that is what even the government is observing. We dont need anybody's statement to testify this as we see it all around us. This post is an attempt at understanding why the law of the land is broken? Let us first try to understand why laws or rules are brought into place. A rule is an attempt to make the playing field level. It identifies a set of criteria based on which decisions will be taken in a system. Forming a queue is the simplest form of rule. It identifies first come first serve basis for serving a person, no parking zones are meant to be kept free for free traffic flow so on an so forth. Becauase rules are more like cartels . The member who deviates has an incentive to do so than what he would achieve by staying in the cartel. There are certain market conditions in which cartels work. I will not get in...

The oscar for dilemmas

As I was travelling from Goa to Pune in a Bus, I overheard some conversation and could see a lot of dilemma on the face of a fellow passenger. As the story evolved, I could connect with him. Thus it went: They were a couple, he was with his fiance/wife/girlfriend (a non-ma/behen relationship). There was another girl (pretty) who wanted to a lady's seat. She could get it only if this gentleman would give up the company of his travel mate as there were no other female passengers on the bus. I have been through similar situation and have said no and felt guilty about it till the society at large did something equally unjust to me. But this incident in the bus the other day, sparked off some more such dilemmas that I have come across quite often. I thought of having a golden globe of dilemmas; put them on the blog and see which is the most common dilemma. First being the one above, the second dilemma that comes to my mind is of cheating in exams. No No. Me cheating is taboo enough! It ...

Community Supported Agriculture

Most products have the cost of failure built into the price of the product. For example, a film. When a film gets made, there are so many things at stake, that the all these risks are covered by the premium on the ticket. If a film ticket was prices simply by dividing the cost + profit by the number of people watching, it would be pretty cheap. Or consider for example, the price of a car. The insurance premium that the manufacturer pays is built into the cost of the car. Or say a doctor, who conducts very risky operations get paid highly...and now you ask what's the point?? The point is, this doesn't happen with a farmer.A farmer faces all the vagries of nature or monsoon. Alll his risks are unmeasurable and unpredictable. But does he get to decide his pricing? Why does market not behave perfectly when it comes to agriculture? Why doesn't the theory of high risk - high return apply to agriculture? How does a farmer hedge his risks then is the main question! The answer as I ...