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Janak.merchant1
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Location: India
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   Topic: Being content after making money!
Posted: 17/Aug/2008 at 5:26pm |
Originally posted by tyler_durden
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100% correct. Money and Fame are the two things that people keep running after but any idea as to how to call it quits after a point? |
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toughest question i have ever faced...fame and money should be outcome of certain activites which make our lives meaningful...but we try to run after fame and money and they elude most of the people....
when i had a cycle in school i always longed for a bike...because it was tiring to pedal cycle for tuitions.....then my parents bought a bike for me..i wanted a car because bike had no support for my back and no AC....then i bought a car for myself...now i want a merc...
the answer i think lies in expectation management....
subjects like emotional competence development....priority setting...goal setting....and expectation management should be taught after class 5 or so...... |
A person should feel content. Chandrakant Sampat is a master at that. He has made his life very simple by not possessing or focusing on non essential things in his life. He keeps on increasing his knowledge and is a matured person.
We all can learn if properly guided. I hope by sharing knowledge we will improve ....
JM
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I love my money, not my opinion. So i am ready and willing to change my opinion for the sake of protecting my money.
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basant
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Posted: 17/Aug/2008 at 6:51pm |
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Hi janak being content with what you have made in the markets or life is as tough and important as making money in the first place. Can you share your thoughts on this is it predetermined on a particular level of wealth or it comes naturally at some point of time.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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bassein
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Posted: 23/Aug/2008 at 4:07pm |
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Apropos contentment, there's something called the "adaptation-level phenomenon". Here's one link: http://www.hope.edu/academic/psychology/myerstxt/happy/happy3.html
Though, Pepsi summed it up best with, "Yeh dil maange more"!
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Janak.merchant1
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Joined: 14/Jan/2008
Location: India
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Posted: 23/Jul/2009 at 1:03am |
Originally posted by basant
Hi janak being content with what you have made in the markets or life is as tough and important as making money in the first place. Can you share your thoughts on this is it predetermined on a particular level of wealth or it comes naturally at some point of time. |
Hi Basant,
Hope everything is first class with you.
Just saw your this post today.
Yes making money consistently in the market is tough. No doubt about it.
As we grow old, our awareness levels also go up, if we are prepared to learn. It does not come naturally. At least it did not in my case. We have to be ready. Chance favors the prepared mind.
I know people who have few hundred Cr. and are very content. And i also know few who also have few hundred Cr. and are cheaters and liars.
Some people do not mind cheating others for few lakhs even tho they might themselves have many crores.
We have to choose what we want to become. Though difficult, it is not impossible.
Just my 2 cents.
Best wishes,
JM
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I love my money, not my opinion. So i am ready and willing to change my opinion for the sake of protecting my money.
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chic_1978
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Joined: 10/Aug/2006
Location: India
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Posts: 690
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Posted: 24/Jul/2009 at 4:47pm |
Hi Janak,
Hope all's well wid u...so when r u treating us next ???
You have initiated a very touchy issue...
When shud one draw a line of content....I discuss this topic wid lot of friends...Ii know many of my friends who hv achieved a lot on thier own in short span of time others hv inherited from family....bt no one knows when & wr to draw a line....as u know how people in mumbai hv a hectic lifestyle...they hardly get time to realise their personal dreams....
everyone individual hv certain goals in life...should one switch over to achieve their personal goals once they fulfill their financial targets...
everytime u achieve one target you start carving for another milestone....
wot abt those who continuously fail to achieve their targets....
Edited by chic_1978 - 24/Jul/2009 at 4:51pm
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happy & wise investing
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9StockPortfolio
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Posted: 24/Jul/2009 at 5:06pm |
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My target is making 2 cr.at the age 35..and go back to my village. currently i am 31 and i have 3% capital of 2cr. at this moment. I do not know how i will do that.. also i know that i must not gamble with that money in the market....
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Pursuit of Value
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Janak.merchant1
Senior Member
Joined: 14/Jan/2008
Location: India
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Posts: 364
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Posted: 24/Jul/2009 at 5:15pm |
Originally posted by chic_1978
Hi Janak,
Hope all's well wid u...so when r u treating us next ???
You have initiated a very touchy issue...
When shud one draw a line of content....I discuss this topic wid lot of friends...Ii know many of my friends who hv achieved a lot on thier own in short span of time others hv inherited from family....bt no one knows when & wr to draw a line....as u know how people in mumbai hv a hectic lifestyle...they hardly get time to realise their personal dreams....
everyone individual hv certain goals in life...should one switch over to achieve their personal goals once they fulfill their financial targets...
everytime u achieve one target you start carving for another milestone....
wot abt those who continuously fail to achieve their targets....
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Hi Chirag,
We can meet anytime during weekends if few or many are ready.
After meeting C M Sampat, i have cleared more things from my house, so enough space is there for 20 or 25.
Yes i agree with you about your comments on goals.
Best wishes,
JM
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I love my money, not my opinion. So i am ready and willing to change my opinion for the sake of protecting my money.
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valuepicks
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Joined: 10/Mar/2009
Location: India
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Posts: 180
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Posted: 24/Jul/2009 at 5:18pm |
There are two elements here in "being content" after "making money". The first element is 'satisfaction' and second is 'success'. Satisfaction is internal and success is always relative.
Chasing money is often done to be proven successful - from being lauded 'boy, you made big money' to buying luxirous products and services, as a display of being successful. They say to themselves, 'i deserve this' :-)
As 'being content' is internal, this can actually be achieved even if one has made no big money. What is BIG anyways?! 
To sum up, I feel that satisfied people are content most of the time, no matter what they do and how much they earn. If Warren Buffet is still living in the same house as he has been for decades, I am sure that he is one of those contended investors. He made a fortune and seems be happy the way he has been!
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