Murchison's Law of Money
Money is like manure. If you spread it around, it does a lot of good. But if you pile it up in one place, it stinks like hell.
Tuesday, January 22, 2008
7 LAWS OF MONEY
I came across this write-up and couldn't get my mind off the truths as explained by Mike Phillips. I accept the fact that this has existed for over three decades now, yet it's absolutely real even for today's financial situations. Please read and let's improve our money skill.
THE SEVEN LAWS OF MONEY
The following laws were published in 1977 in 'Seven laws of Money' by Mike Phillips. Mike, a Bank of America banker, was instrumental in developing Master Charge.
1. Do it! Money will come when you are doing the right thing. The first law is the hardest for most people to accept and is the source of the most distress. The clearest translation of this in terms of personal advice is "go ahead and do what you want to do." Worry about your ability to do it and competence to do it, but certainly do not worry about the money.
2. Money has its own rules: records, budgets, savings, borrowing. The rules of money are probably Ben Franklin-type rules, such as never squander it, don't be a spendthrift, be very careful, you have to account for what you're doing, you must keep track of it, and you can never ignore what happens to money.
3. Money is a dream - a fantasy as alluring as the Pied Piper. Money is very much a state of mind. It's much like the states of consciousness that you see on an acid trip... It is fantasy in itself, purely a dream. People who go after it as though it were real and tangible, say a person who is trying to earn a hundred- thousand dollars, orient their lives and end up in such a way as to have been significantly changed simply to have reached that goal. They become part of that object and since the object is a dream ( a mirage) they become quite different from what they set out to be.
4. Money is a nightmare - in jail, robbery, fears of poverty. I am not expressing a moral judgment. I am making very clear something that many people aren't conscious of: among the people we punish, the people we have to take out of society, 80% or more are people who are unable to deal with money. Money is also a nightmare when looked at from the opposite perspective - from the point of view of people who have inherited a lot of money. The western dream is to have a lot of money, and then you can lead a life of leisure and happiness. Nothing in my experience could be further from the truth.
5. You can never give money away. Looked at over a period of time, money flows in certain channels, like electricity through wires. The wires define the relationship, and the flow is the significant thing to look at. The fifth law of money suggests that by looking at the gift in a larger or longer-term perspective, we will see that it is part of a two-way flow.
6. You can never really receive money as a gift. Money is either borrowed or lent or possibly invested. It is never given or received without those concepts implicit in it. Giving money requires some payment; if it's not repaid the nightmare elements enter into it. A gift of money is really a contract; it's really a repayable loan, and it requires performance and an accounting of performance that is satisfactory to the giver.
7. There are worlds without money. They are the worlds of art, poetry, music, dance, sex, etc. the essentials of human life. The seventh law is like a star that is your guide. You know that you cannot live on the star; it is not physically a part of your life, but rather an aid to orientation. You are not going to reach this star, but in some sense neither are you going to reach your destination without it to guide you.
THE SEVEN LAWS OF MONEY
The following laws were published in 1977 in 'Seven laws of Money' by Mike Phillips. Mike, a Bank of America banker, was instrumental in developing Master Charge.
1. Do it! Money will come when you are doing the right thing. The first law is the hardest for most people to accept and is the source of the most distress. The clearest translation of this in terms of personal advice is "go ahead and do what you want to do." Worry about your ability to do it and competence to do it, but certainly do not worry about the money.
2. Money has its own rules: records, budgets, savings, borrowing. The rules of money are probably Ben Franklin-type rules, such as never squander it, don't be a spendthrift, be very careful, you have to account for what you're doing, you must keep track of it, and you can never ignore what happens to money.
3. Money is a dream - a fantasy as alluring as the Pied Piper. Money is very much a state of mind. It's much like the states of consciousness that you see on an acid trip... It is fantasy in itself, purely a dream. People who go after it as though it were real and tangible, say a person who is trying to earn a hundred- thousand dollars, orient their lives and end up in such a way as to have been significantly changed simply to have reached that goal. They become part of that object and since the object is a dream ( a mirage) they become quite different from what they set out to be.
4. Money is a nightmare - in jail, robbery, fears of poverty. I am not expressing a moral judgment. I am making very clear something that many people aren't conscious of: among the people we punish, the people we have to take out of society, 80% or more are people who are unable to deal with money. Money is also a nightmare when looked at from the opposite perspective - from the point of view of people who have inherited a lot of money. The western dream is to have a lot of money, and then you can lead a life of leisure and happiness. Nothing in my experience could be further from the truth.
5. You can never give money away. Looked at over a period of time, money flows in certain channels, like electricity through wires. The wires define the relationship, and the flow is the significant thing to look at. The fifth law of money suggests that by looking at the gift in a larger or longer-term perspective, we will see that it is part of a two-way flow.
6. You can never really receive money as a gift. Money is either borrowed or lent or possibly invested. It is never given or received without those concepts implicit in it. Giving money requires some payment; if it's not repaid the nightmare elements enter into it. A gift of money is really a contract; it's really a repayable loan, and it requires performance and an accounting of performance that is satisfactory to the giver.
7. There are worlds without money. They are the worlds of art, poetry, music, dance, sex, etc. the essentials of human life. The seventh law is like a star that is your guide. You know that you cannot live on the star; it is not physically a part of your life, but rather an aid to orientation. You are not going to reach this star, but in some sense neither are you going to reach your destination without it to guide you.
Sunday, January 13, 2008
STRESS - Is it avoidable or just manageable?
Is it possible to live without stress?
I think we live in a world that has constant pressures here and there. In my little years of sojourn in this time zone (3 decades + now), my shocking discovery is that a problem solved creates another. I've had lofty aspirations and high expectations that most times when realised leaves me with another void. Then the quest to do somehting new sets in, thereby landing me into concerns and finally results into STRESS.
I wish someone will be able to delete that 6-letter word from the dictionary and in reality take it out of existence but behold, the more we run away from it out of fear, the more we are entangled by it.
I am of the opinion that STRESS is not avoidable (I stand to be corrected anyway), but it can adequately be managed. Carol Clifton PhD; a licensed Psychologist offered the followings as the Danger Signal of Stress -
You may be under too STRESS if you...
...find yourself irritable or impatient with things you normally tolerate.
...have difficulty getting to sleep and feel exhausted whe you awake.
...sense you are one step away from falling apart.
...suffer from frequent headaches or stomach pains.
...get distracted easily and have trouble concentrating.
...talk more negatively than usual.
...become forgetful and absentminded.
don't laugh as much as you used to.
...use alcohol, non-prescription drugs, or food to help you relax.
...postpone what is truly important, to accomplish what isn't that important.
Good counsel I hear you say. But I found a better counsel in a book called the Bible - "casting all your care upon Him (God), for He cares for you." 1 Peter 5:7.
This has worked for me, when I'm faced with something a bit higher than my usual strength, I just observe solitude and cast my cares upon God, it has worked more than magic.
Have a great day!
With Love...
I think we live in a world that has constant pressures here and there. In my little years of sojourn in this time zone (3 decades + now), my shocking discovery is that a problem solved creates another. I've had lofty aspirations and high expectations that most times when realised leaves me with another void. Then the quest to do somehting new sets in, thereby landing me into concerns and finally results into STRESS.
I wish someone will be able to delete that 6-letter word from the dictionary and in reality take it out of existence but behold, the more we run away from it out of fear, the more we are entangled by it.
I am of the opinion that STRESS is not avoidable (I stand to be corrected anyway), but it can adequately be managed. Carol Clifton PhD; a licensed Psychologist offered the followings as the Danger Signal of Stress -
You may be under too STRESS if you...
...find yourself irritable or impatient with things you normally tolerate.
...have difficulty getting to sleep and feel exhausted whe you awake.
...sense you are one step away from falling apart.
...suffer from frequent headaches or stomach pains.
...get distracted easily and have trouble concentrating.
...talk more negatively than usual.
...become forgetful and absentminded.
don't laugh as much as you used to.
...use alcohol, non-prescription drugs, or food to help you relax.
...postpone what is truly important, to accomplish what isn't that important.
Good counsel I hear you say. But I found a better counsel in a book called the Bible - "casting all your care upon Him (God), for He cares for you." 1 Peter 5:7.
This has worked for me, when I'm faced with something a bit higher than my usual strength, I just observe solitude and cast my cares upon God, it has worked more than magic.
Have a great day!
With Love...
Friday, January 4, 2008
The Nigeria I Love!
I feel like sharing with you my passion for my nationality - Nigeria.
I enjoy reading through the anthem and pledge,
though many Nigerians don't even give much attention to it.
The Nigerian National Anthem
Arise O' Compatriots,
Nigeria's call obey
To serve our fatherland
With love and strength and faith
The labours of our heroes past
Shall never be in vain
To serve with heart and might
One nation bound in freedom,
peace and unity
O God of Creation,
direct our noble cause,
Guide (thou) our leaders right,
Help our youth the truth to know
In love and honesty to grow
And living just and true
Great lofty heights attain
To build a nation where peace
and justice shall reign
The Nigerian Pledge
I pledge to Nigeria my country
To be faithful loyal an honest
To serve Nigeria with all my strength
To defend her unity
And uphold her honour and glory
So help me God
Our level of patrotism can be evaluated based on how much meaning we can derive from the lyrics of this anthem and pledge. Really amazing that some of our political leaders don't even know the words, how do we expect them to act sacrificially as the anthem demanded.
I'm very positive about this country that it's going to fulfil her purpose. The land will be purged of her bastards and it's be one the best nations of the world in every good sense of it.
Welcome to my Blog!
Whao! It's really exciting that you're reading my blog. I gladly welcome you as we share information that can help improve our living and make our world a better place to dwell.
By name, I'm Seyi (pronounced: shay-yee), a Nigerian, married with 2 boys. I'm running my career at the moment in ICT (Information & Communication Technology) and Media Production. My passion is to make available to people around information that can enhance the SIGNIFANCE in the based on their level of QUEST.
If we have a similar passion, then welcome on board as we explore the world of Info.
By name, I'm Seyi (pronounced: shay-yee), a Nigerian, married with 2 boys. I'm running my career at the moment in ICT (Information & Communication Technology) and Media Production. My passion is to make available to people around information that can enhance the SIGNIFANCE in the based on their level of QUEST.
If we have a similar passion, then welcome on board as we explore the world of Info.
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