Tuesday, June 30, 2009

Money Quote: Money Never Made A Man Happy

Money Quote: Money Never Made A Man Happy

“Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.”

- Benjamin Franklin

This is the first of many money quotes which I will be discussing. Benjamin Franklin, a man of many talents (statesman, scientist, writer, philosopher and Inventor) made the above statement, which I absolutely agree.

Indeed, the more money you have, the object of interest becomes meaingless. Making money becomes merely a game to accumulate more zeros in your bank account.

At any one time, a man can only clothe himself with a shirt and pants and sleep on one bed. He needs only three meals a day for sustenance and a roof over his head to protect against the elements.

Everything else is a want and not a necessity. I am sure you are going to tire of having delicacies like abalone, lobster, caviar, wagyu beef every day of the week.

Having too much money, say from a lottery, can turn your life upside down and before long, you will be begging for the tranquility and privacy when they were average Joes.

Troubles start knocking on your door in the form of dubious friends, investment scams, vices, decadent lifestyle, breakup in marriage, fighting among your children for inheritance, etc. Many people end up poorer, financially and emotionally, after the circus came to an end.

I am contended with having just enough money to be self sufficient and not super rich.

What do you guys think of money? Do you really need more money than you can ever spend in this lifetime?