It is well-known that personal finance is more personal than financial. 80% of it is about what we do daily and that also has a lot to do with what we believe and a bit to do with the environment we find ourselves in.
I saw the follow political-economics of two cows and I thought I should share it with you:
FASCISM: You have two cows, the government takes both and sells you milk.
NAZISM: You have two cows, the government takes them and kills you.
CAPITALISM: You have two cows, you sell one and buy a bull. You multiply your cows and there is economic growth. You sell them, you retire and you live on your profits.
MODERN CAPITALISM: You have two cows, you sell one and buy a bull. You multiply your cows and you buy those of your neighbours. The latter become your shepherds, you pay them in monkey currencies and they die poor.
AMERICAN SOCIETY: You have two cows, you sell one and you have to make the other one to produce milk like 4 cows. By pushing her to produce milk beyond her capacity, she dies. You take a consultant to understand this death.
FRENCH SOCIETY: You have two cows, you go on strike because you want a third.
GERMAN SOCIETY: You have two cows, you modify them genetically so that they can live for 100 years, eat once a month and take care of themselves.
CHINESE SOCIETY: You have two cows, you sell milk to your compatriots and you produce plastic milk to export to the rest of the world.
BLACK/ AFRICAN SOCIETY: You have two cows, you eat them both the same day and you dream that donors or the international community give you others. You go to a church and hope for miracle cattle. You fast 40 days and 40 nights without eating or drinking so that cows will fall from Heaven. At last, you die in extreme poverty.
- Which one seems to be the closest to your personal attitude to money?
- How is your environment affecting how you deal with money matters?
Comments are welcome as always. Your comment might be the solution to someone else’ problem.Niyi Adeoshun
Money Management Coach
Author of "The Price of Financial Freedom"
(3 Essential Steps for Breaking the Cycle of Debt)