Showing posts with label Financial stress. Show all posts
Showing posts with label Financial stress. Show all posts

Sunday, May 26, 2024

Financial stress


 (Photo source: pexels.com)

In our society, we are told not to be money minded. If someone is money savvy, it is scandalized and mocked.  The good old days are gone when people used to stay in the village farming. They did not have to buy many things from outside world because they produced most of their requirement. With changing time, we have upgraded our lifestyle with all kinds of modern amenities. Those who got educated well & shifted to other mode of employment adjusted their incomes and they embraced the new things. But, the income has not gone up drastically in villages & other backward sections of society. So, there is an income gap that has been developing over the years. It will further widen in coming years because inflation will eat up our saving. Inflation in education and healthcare is very high. Once a kid goes to school, it becomes a costly affair. Indian government has made education & primary health care free up to a certain limit and beyond that it becomes an uphill journey for the poorer sections.

In earlier years, I did not notice the things from financial point of view for the things happening in our society. Most of the time, I see fights, infidelity and suicides are happening due to financial stress. People do all kinds of shady jobs because of financial stress. Therefore, it is not bad to be money minded after all. At that end of the day, we need to pay our bills. So, demonizing money is no good. Money is detrimental in our lives. With such a view towards money, we discourage our next generation to move ahead. We should understand its value and use it for better cause. 

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3. Do what is in your control (https://authenticmedia2020.blogspot.com/2024/04/do-what-is-in-your-control.html

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5. Retirement Extended (https://authenticmedia2020.blogspot.com/2024/05/retirement-extended.html)

 

 

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