So, continuing with my theme of looking at “common sense” ways to make money, let’s look at miracle cause #4 for wealth, make they gold multiply. In other words, invest your money.
This one’s really quite simple, i feel like i’m starting to beat a dead horse now… is something a cause if it only works sometimes? Is investing a cause for wealth then? What should you invest in? Stocks? A House? Land?
So i guess no one has lost money “investing” in those things.
I live in Arizona, one of the 3 hardest hit states by the housing collapse. Tell anyone around here that the cause for wealth is “investing” in property or land.
Stocks? I have lots of friends who’ve lost their shirt on stocks in the last year. I had some friends who heard Geshe Michael say once that if you were smart you would invest in Chinese companies, for example, like HSBC. So they did, and then lost a ton of money last year. 🙂
Why? Because the seed for money comes from giving, money doesn’t make money, no matter what anyone tells you. Does that mean you shouldn’t invest? No, invest, but give to others.
Geshe Michael has an investment strategy he calls investing in “The Bank of People.” There’s a famous line from the Bible, “Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal.” (Matthew 6:19) Instead of saving your money in a bank, put your money in people: give to others. And teach them to give to others.
If you give to others, you’re not putting your wealth where someone can steal it, or in a housing or stock market that can collapse. The price of gold now is going through the roof, because people think it’s safer to “invest” in gold than in volatile stocks. Are you going to eat gold when the price of the dollar crashes?
i have a better idea: take care of others! Give other people what they need! Then who will steal the seed for wealth out of your mind? You can go to sleep at night and sleep peacefully, confident in the fact that no stock market crash will affect the seeds stored in your mind.