PARABLE OF THE MONK AND POWERFUL MINISTER

Two close boyhood friends grew up and went their separate ways. One became a humble monk, while the other became a rich and powerful minister to the king.

Years later they meet. As they catch up, the king’s minister, in his fine robes, takes pity on the thin and shabby monk. Seeking to help, he says: “You know, if you could learn to cater to the king, you wouldn’t have to live on rice and beans. The monk replies, “If you could learn to live on rice and beans, you wouldn’t have to cater to the king.

As J. L. Collins says in his book, The Simple Path To Wealth, “most all of us fall somewhere between the two.”

It’s currently popular to live within your means. Younger generations are embracing sentiments such as: “You’re better off the quicker you pay off any debts” and “You’re more free having something that works rather than the newest thing.”

Basic Principles for Financial Wellness

Here are simple ideas – though not always easy – that produce more freedom, less stress, and more contentment.

  1. Give at least the first ten percent to the Lord.
  2. Save another ten percent.
  3. Spend less than you earn.
  4. Avoid debt at all costs.

This is the start to making a huge difference,

OTHER POSTS ABOUT MONEY

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