DISCLAIMER: I am not a financial advisor and this should not be taken to be financial advice. You should consult a financial professional for advice. I am a financial amateur. These are my thoughts and opinions on money that I have recorded here for my children, with the hope that my thoughts might help them. They are responsible for the results of the advice they choose to follow. Always worth keeping in mind: Past performance is no guarantee of future results. Your mileage may vary. The map is not the territory. Keep your eyes open. Smell it before you take a bite.
To my children:
Money is a very good tool to do what it was made for. But it’s not good everywhere, just like all tools. Money can’t buy you love. Put money in its place. It’s very important for some things and absolutely useless for other things.
Things Money Can Buy
- Food
- Shelter
- Warmth
- Martinis
Things Money Can’t Buy
- Love
- Friendship
- Respect
- Time
“I know people who have a lot of money, and they get testimonial dinners and they get hospital wings named after them. But the truth is that nobody in the world loves them. If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster.”
—Warren Buffett, billionaire investor
Bottom Line: Money is nice and it can make your life better, but it’s definitely not everything. There are many valuable things that money can’t buy.