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Monday, February 05, 2007
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Rich Buddha, Poor Buddha
How-to books on managing finances always top the best seller lists. Some popular books in the past have been Rich Dad, Poor Dad, Think and Grow Rich, The Millionaire Next Door and a million others. It turns out this book genre is a lot older than you might think.
How would you like some sage financial advice from 2,500 years ago? In Karen Armstrong's excellent book Buddha, she tells us the Buddha was a fount of wisdom not only spiritual matters, but he also knew a thing or two about personal finance as well. Perhaps he soaked up this knowledge in his early years, when he lived as the pampered son of aristocracy.
According to the Buddha you should:
- Be attentive in your financial and social dealings.
- Save for emergencies.
- Look after your dependents: care for your partner, children, and servants.
- Give to your church and charities.
- Avoid debt.
- Make sure you have enough money for the immediate needs of your family.
- Invest money carefully.
- Be thrifty and sober.
- Avoid alcohol, late nights, gambling, laziness and bad company.
- And most importantly: be compassionate.
While not quite as sexy as flipping a house or shorting the market, for 500 BC it sounds like pretty solid advice, even for today.
10:48:20 AM 
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© Copyright
2007
todd hoff.
Last update:
3/20/2007; 12:46:23 PM.
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