MONEY-How Important?

Encyclopedia Britannica Online described the recession that hit the world recently as ''The worst economy in a generation.'' It was so severe that it has been given a unique name, the Great Recession. Economists came to the conclusion that it was caused by 'A frenzy of irresponsible borrowing.' Not many of us escaped that recession. I too, was affected and still have some scars from that burn.

I've just started reading a book by Chris Farrell titled The New Frugality. In it he states that
''A generation has learned the hard way the dangers of borrowing too much.'' We have a system that cultivates greed and encourages us to ''BUY!'' things we don't need. I didn't have the habit of saving before now and I didn't also know the importance of a well-planned budget. I also learned the (3) ways to manage money: (1) Spend it, (2) save it, or (3) Give it away. The recession made me a new man, having lost all I did in the stock market, I learned to save cash other than invest- its much more safer. Today, I am a happier man but I came to learn about the SAFEST way of all which undoubtedly leads to the GREATER HAPPINESS. Want to know? read on...

Studies and personal research show that giving of resources to others, including time and energy as well as some money, brings a greater happiness but of course to the extent your resources allow. Chris Farrell says, '' Savings is a means of supporting spending. One of the most valuable and sensible things you can do with your money is give it away.'' LOL, now that sounds scary. but he continues, '' When you think about what matters most, it's usually relationships, experiences, and the sense of making a difference, not money and possessions''.  What do you think?

''When you take it upon yourself to help those who are less fortunate, that kindness and generosity will come back to you in a variety of positive ways, but most rewarding is the feeling you will experience in your heart by helping your fellow man.''  Michael Wagner, another economist agrees.

One cannot become a generous GIVER if he/she is not a cautious SAVER. No selfish spender ends up well.

ps: If you would like to know more, I will be glad to furnish further information.

I wish you the GREATER HAPPINESS!