More Than Just Making Money

As the saying goes “Money isn’t everything, but you sure can’t do without money”. The most basic objective of investment is to generate more money. This is in turn meant to meet other objectives like retirement, children education, medical fund or some big ticket purchases which may not be possible or take too long by simple saving. In other words, investment help those who do not have enough to achieve their target.

What about those who are blessed to have enough or, for the matter, more than enough, savings or assets to meet their needs and wants? Do they need to invest?

From a practical or academic angle, investment is needed to help beat inflation and preserve purchasing power. Investment can also help to create a more substantial legacy for the descendants.

I have a simple answer to this question – You can do more if you have more.

By being able to do more, I do not mean things buying a bigger house or a better car, but having the option and ability  to donate money, build shelters or even providing seed money for charity events. All these done without affecting your standard of living or legacy wishes .

Not everyone can have such a great sense of altruism like investment legend Warren Buffett to given away most of his wealth (Warren Buffett has given away 85% of his wealth to the Bill and Melinda Gates Foundation). Gongfu star Jet Li has set up the Jet Li One Foundation to pursue charitable missions and agenda. To this date, he is still making movies and earning millions per movie. But he does it with the intention to benefit his One Foundation and charitable missions.

Money is the root of all evils. But by having thoughtful and loving care, this root of evil may blossom into a great wood that provides shelter to the weary and fruits to the hungry.

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