Sunday, February 8, 2009

Money

Money may not be the most important thing in life, but it is certainly key to coping with one's life. So, not number one, but either number two or has to be remembered when making other decisions.

There is always an economic consideration to life. Even wanting to help others, money can play a part. Money plays a different role with different people. Some think of it as a form of love, either being received from others or using it as a form of self-love, or loving others. Others think of it as a way to provide security. Others, as allowing a degree of independence. Others, as a way to help others, making the world a better place, etc. First, one has to recognize what money means to the person, then make plans on how to handle it.

But, it must be remembered that money is but a tool, a way to acheive other ends, not an end in itself. Plus, here again, mathematics plays a part. To handle money wisely does require some basic math skills, probably not higher than an eighth grade level, but some dexterity with numbers is needed. Anyway, I do have a blog, "Joseph Oppenheim Investing" where I do tackle some specifics about the topic.

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