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Financial Capacity
I cannot stress the importance for each person
to develop and maintain their Financial health.
In the absence of financial stability, everything else that is
important in you and your families life is at risk of being
compromised in a negative way.
People and families without requisite financial health often
suffer a myriad of problems.
Parents will tend to have less time to spend with their kids;
their families will tend to suffer from more health problems, a
higher likelihood of substance abuse, more emotional problems
and feelings of resentment and abandonment from spouses and
kids. Also, children from families with poor economic resources
are also less likely to finish school and do well in life as
they move into adulthood.
In fact, there have been studies that have shown that a child
with average intelligence raised in a family that enjoys
superior financial capacity is much more likely to be successful
in life in every way that matters - than children with gifted
intelligence from families who suffer financially.
When you think of it, there is no mystery as to why this occurs;
financially successful people tend to have a greater emotional
capacity and are more likely to sacrifice, and with hold from
rewarding themselves until later in the future when they have
ascertained that they have plenty of reserve in their financial
capacity.
People who are more emotionally skilled will also be more
reasonable to live with and will also be a likely source from
which the children can successfully model themselves after.
People who come from financially stable families are more likely
to become financially stable themselves and this give them more
opportunity to stay physically, intellectually and emotionally
fresh as they enter their golden years - in fact people in this
situation are more likely than not to live long, healthy and
productive lives. A few of many such examples are: Benjamin
Franklin - 84,
Aristotle - 62, Plato - 76, Kissinger - 86, Milton
Friedman - 94, Thomas Jefferson- 83, Socrates - 70,
Voltaire - 83, Pablo Picasso - 91,
Michelangelo - 88.
One of my favorite heroes of mine is Benjamin Franklin. He
arrived in Philadelphia, practically penniless and only a few
loaves of bread under his arm. He successfully employed key
strategies that would insure that he would become wealthy, which
allowed him at the age of 42 to retire and spend full time on
his other pursuits.
Though he believed in the motto, "Early to bed, early to rise,
makes a man healthy, wealthy and wise." He also believed in the
necessity of working long hard hours, working smart and making
the best use of your time, networking, sacrifice and frugality.
If only most Americans would follow this game-plan, then perhaps
we would not be in this mortgage fiasco.
In closing I
want to mention that the most common excuses that people give
for not achieving optimal Financial health is; I am emotionally
overwhelmed - low emotional capacity, I am don't know how or I
never had a chance to go to school and further my education -
Low mental capacity; I don't know the right people to
participate with, or my friends and family or my employer is
getting in the way - Low social & political capacity; I don't
have the energy - low physical capacity; and lastly, I don't
have the time - which is most often affected directly by lack of
finances or perhaps their other capacities are courting
bankruptcy.
This is why
the capacities for each of the other areas of your life must be
attended to.
What Capacities Should People
Move Heaven & Earth To Improve?
Physical Capacity
Mental Capacity
Emotional Capacity
Spiritual Capacity
Social & Political
Capacity
Financial Capacity =
Primerica
or
Robert Viale
The Rational Philosophy of Ayn Rand's
Objectivism
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