Do You Know the Two Ways To Use Money 💰💰 [FIRST NAME GOES HERE] ?

You can view all previous newsletters here

Hello Reader !

There are two ways to Use Money
1. Money can be used as a tool to live a better life.

OR
2. Money can be used as a yardstick of status to measure yourself against others.

Let me share my experience for each of these two ways.
Money when used as a tool gives me a decent lifestyle to live in.
It buys the food, & the clothes.
It provides a shelter which I call my home.
It pays for the education of my boys.
It pay’s my doctor’s Bill.
It finances my travel and my trips in India and abroad.
It is a great tool to live a better life.
It is vitally important.

Nothing can take the place of money in the area in which it works.
Money can be used as a tool by all of us.
And when we use this as a tool,
It's a win-win game.
Everyone wins.

However,
Money when used as a yardstick of status, can be a tricky situation.
You are always going to be more rich or less rich than someone else.

My New Mercedes M Class will always be less attractive than the New Range Rover Sport Special Edition.
My New Iphone 15 will always be cheaper than the Iphone 15 Pro Max.
My 4 BHK flat will always be less luxurious than a Duplex Sea-Facing Condominium.

When Money is used as a yardstick of status, it's a lose-win game.
It's a Zero-sum Game.
For me to win, someone has to lose.

How To Come out of this Dilemma?
When I face this Dilemma,
I Remember The Famous Quote From Charlie Munger:

Someone will always be getting richer faster than you. This is not a tragedy.

Now, Money For Me is and always be a Tool A Means To an end.

And I Can Earn As Much Money I Want, Because I Now Realized That

I Make Money.

Money Does Not Make Money.

Question For You Today.

What’s Your Relationship with Money?
Are you using it as a tool or a status symbol?

If You Found This Newsletter Useful: