Showing posts with label John Armstrong. Show all posts
Showing posts with label John Armstrong. Show all posts

How to Worry Less About Money- Book Review

This book is excellent in its approach to the subject-pragmatic. It discusses threadbare money's hidden hold on every one of us, its role in giving us status, happiness, a better married life, dalliances, and opportunities to do good, for us or others, or whatever we choose to make of it. Especially the last. Without using it for something, it remains a pile of bricks. You could make a nice house out of it, but money does not tell you how to do that. That is up to you.

It is important to have a view about it, and a relationship with it, according to John Armstrong, the author. He quotes from or illustrates the lives of Goethe, Aristotle and also some mythical people to elaborate on his ideas. How much do I Need? analyses in a matter-of-fact way, needs, wants and absolute fantasy for each category of things you will use money for, in three columns. You can get by on the first, be comfortable with the second and luxuriate in the (mostly unattainable for an average person, but also unnecessary) third.

His message- I have to think about money rather than avoid doing so, but I should think of it as a resource. To live comfortably, and enable me to do things I like, and live a meaningful or fulfilling life. As long as the end uses are clear, I can figure out how much I really need. If I am in a financial jam, I will have to earn more or spend less by cutting costs. That is not a worry, it's money trouble. Worry has more to do with our relationship with money, and how we view it.

Further details can be found at http://www.theschooloflife.com/shop/how-to-worry-less-about-money/

Ninetieth Birthday of Manik Gokhale

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