Not content with whatever one is blessed in life, some people look for maximum things they could have to make life even better.
The hunt for latest Smartphone, The upgraded car. The bigger house. The 80 inch flat screen TV can lead to crippling credit card debt, loans that cannot be paid back or eventual loss of everything to pay back creditors.
Greedy selfish desire for junk food and hard drink can lead to various health problems. And as we all know, health care can be very expensive and overeating leading to obesity may create many other illnesses.
Greed can lead to committing unlawful acts. One might see an opportunity to make a lot of money for doing something they believe is harmless but illegal. And at last they get caught and face a career in ruins.
Gambling can bring people great wealth in just a few seconds. But, for the vast majority, it’s a losing proposition. Every year, millions of people try and get lucky, and for most, it’s just a flutter. Win or lose, they walk away. But 2% of people who gamble get seriously addicted, and greed takes over. A win becomes an adrenaline rush. They want more and more. Before they know what’s happened, they have lost everything trying to win back the money they once had.
The basic idea is: Having a generous spirit, and giving back to the world, will pay dividends. Investing in people, and in projects that have real potential, will reap rewards. On the other hand, hoarding your possessions, never giving to charity, and stockpiling wealth are not a positive way to manage money. Being generous, and doing good, might build much greater wealth than saving every penny and watching it grow a few percent a year in a bank account. Let us consider charity as a part of financial planning.
It’s safe to say that even if you are the least greedy person on the planet, you will still be affected by greed in your day-to-day life.