"He who is not a good servant will not be a good master." – Plato
A few coworkers and I were chatting about the lottery today. Some of them lauded at the idea of the grandeur lifestyle they would live. One of the wiser ones brought up that an overwhelmingly high amount of lotto winners went broke in the subsequent years after winner. I quickly jumped in to say, "the lottery is a tax on the poor. Many people spend a substantial amount on tickets yearly, that they would've been served better by saving and investing it instead." There was a brief silence in the room. The silence was broken by someone claiming, "you never know though." Recognizing this wouldn't go anywhere, I said, "that's true." It brought up something to chew on. For starters, if you can't manage your stimulus check properly, what makes you think you could manage $1 million? By no means am I a financial advisor or the best at handling money, but I've seen some people waste their money. A year ago, I knew a women who bragged about spending $2,000 on her one-year old's birthday! This is someone who made minimum wage and barely made end's meet. I get it, people can spend their money how they choose to, since they earned it; but let's be real here, that's irresponsible. For me money is a tool that should serve you and your family. I hold the belief that if you have kids, you should make them a portfolio and help them manage it throughout their years. Whenever they are ready, that's when I think you should have them manage it themselves. Okay so where am I going with this? Ultimately you have to learn how something should be done, how to adjust it based on the situation, and how to to execute it. When applying this to the quote, we get:
"He who is not a good servant will not be a good master"
He who is not willing to learn, put the time in, and gain the experience will not do well
This can be seen as a generalization, but this works in other facets of life. Whether that's in the workplace, school, finance, fitness, etc.
What weakness did I overcome?
Held myself from that person who had to make their point.
What virtue did I acquire?
I thought about why I got I'm enjoy handling my finances. I've lived a hard life once, no need to recreate it. I reminded myself to not be complacent. Remain vigilant! "If one remains as careful at the end as he was at the beginning, there will be no failure." - Lao Tzu