Power of Money

In 1923, combined wealth of eight of the wealthiest people in the world, was estimated to exceed the wealth of the government of the United States at that time. These men certainly knew how to make a living and accumulate wealth.

Let us examine what happened to them 25 years later.

1. President of the largest steel company, Charles Schwab, lived on borrowed capital for five years before he died bankrupt.

2. President of the largest gas company, Howard Hubson, went insane.

3. One of the greatest commodity traders, Arthur Cutton, died insolvent.

4. President of the New York Stock Exchange, Richard Whitney, was sent to jail.

5. A member of the President's Cabinet, Albert Fall, was pardoned from jail to go home and die in peace.

6. The greatest "bear" on Wall Street, Jessie Livermore, committed suicide.

7. President of the world's greatest monopoly, Ivar Krueger, committed suicide.

8. President of the Bank of International Settlement, Leon Fraser, committed suicide.

What they forgot was: How to make a life!

Money in itself is not evil. Money provides food for the hungry, medicine for the sick, clothes for the needy. Money is only a medium of exchange.

We need two kinds of education. One that teaches us how to make a living and one that teaches us how to live.  There are people who are so engrossed in their professional life that they neglect their family, health and social responsibilities. If asked why they do this, they would reply that they were doing it for their family.

Our kids are sleeping when we leave home. They are sleeping when we come home.

Twenty years later, we'll turn back, and they'll all be gone.

Without water, a ship cannot move. The ship needs water, but if the water gets into the ship, the ship will face problems. What was once a means of movement for the ship, will now become a means of its own destruction. Similarly we live in a time where earning is a necessity but let not the money enter into your heart, for what was once a means of living will be become a means of destruction.

So take a moment and ask yourself: Has water entered my ship?