THE TRUTH ABOUT MONEY

There’s no point seeking money if you don’t intend to spend it.

Consider the old cliché about the merits of saving for a rainy day. That’s illogical because if the rainy day never comes, then your savings have been pointless while if it does, then you no longer have them.

But relax.

That’s not a dilemma. Rather, the potential rainy day proposition is best dealt with by investments producing a regular cash-flow which will cope with unexpected contingencies.

Here is the age-old truth about money. Spending it always falls into one of two categories.

The first; careful well considered outlays, and the second, cavalier indulgent lashing out.

The first applies when folk are spending their own money; the second when they’re spending other people’s, such as that by politicians, public servants and so on.

Addressing the recent Davos conference, the newly elected Argentinian President who’s facing a God awful economic crisis built up over the years by successive politicians’ outlandish spending of other people’s money, advised that henceforth he’d banned his political colleagues and the public service from ever referring to any Government services, no matter how worthy, as being free.

As he said, such services are never free, rather they’re paid for by others, notably taxpayers, and only by being always conscious of that reality might they show some discipline.