Words to start the new year

From the amazing Ben Stein:

We are more than our investments. We are more than the year-to-year or day-by-day changes in our net worth. We are what we do for charity. We are how we treat our family and friends. We are how we treat our dogs and cats. We are what we do for our community and our nation. If you had $100 million or $100,000 a year ago and now you have a lot less, you are still the same person. You are not a balance sheet, at least not one denominated in money, as was explained to me recently.

Losing and making money are not moral issues so long as you are being honest. You may have a lot less money as this year ends than you did two years ago. But you are just as good or bad a person as you were then. It is a myth that money determines who you are, and if you have gotten over that myth by now, then 2008 will have been a very good year.

Economists define money several ways. It is a medium of exchange, a store of value and a unit of account.

It’s not a scorecard.

Money is only good for buying stuff.




via Don Boudreaux
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0 Responses to Words to start the new year

  1. Pingback: Quote of the Day - Net Worth Edition « Firearms & Freedom

  2. SigBoy40 says:

    Does that mean If I don’t carry the three, I am still a good person? Thank you Ben Stein for reminding me what life is about, and thank you Alan for rubbing my nose in it!

  3. DirtCrashr says:

    Money is good for renting a dinghy, and for buying ammo. Quality of life issues.