We earn money to live happily, to fulfill all the desire. We also are in a habit to save certain amount of money to meet contingency or emergency in life. But there are people who keeps hoarding money. The more they have, the more they want to hoard. This reminds me of a Hindi couplet which says ;
खाय न खर्चे सूम धन चोर सबै लेजाय -
Khaaya na Kharche soom dhan chor sabey le jaay.
i.e. a miser can not spend his money for his own upkeep and use and ultimately thieves take away all his wealth.
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We have a relative, who uses to be miser. He was in habits of keeping money safe. Instead of spending them for various uses he tries to hold every penny. Even though his earning was good, He never let his money to talk. Neither he bought any property nor made much investment and even not spend on proper upkeep of his family. I remember seeing him, bringing little quantity of grocery at home everyday to feed his family. He always lead a simple life and forced his children to follow his path. But the more we compress something it explodes and rightly so his children came out to be extravagant. The more the person tries to hoards money, his children tries to steal them for their extravagant lifestyle. In short that person did not spend well enough for their studies too. During 2017 monetization he came out with a box stack of INR 500 currency, which was suppose to stop circulating in the market.
People may hoard money to build a safety net for unexpected expenses, medical costs, or to cover future expenses like retirement or education. Hoarding can also be linked to psychological factors, like hoarding disorder, where individuals have an overwhelming need to save items they believe they might need in the future, leading to a buildup of clutter and potentially financial hoarding.
In my short span of time, I learned the basic of monetory planning. The more we keep the money in circulation, the more it reap benefits for us. It is a dictum of Economics that wealth should should always flow like running water. As soon as water stops flowing, it starts to stagnate and tends to become useless. So is the case with wealth. If it is stored just for the sake of storing, it becomes unproductive and useless for the Society as a whole. A perfect example is the Black Money stored in Tax havens, which could have been better utilised for the economic uplift of our Nation. Money earned with wrong means ultimately also ends up likewise.
Money in circulation
A smoothly flowing monetary system, like a well-irrigated field, promotes economic growth. When money circulates readily, it fuels investment, stimulates demand, and supports businesses. Like water seeking the lowest path, money tends to flow towards areas with high potential and promising opportunities. This can lead to innovation, new business ventures, and the creation of wealth. When money is held back or hoarded, it can become stagnant, like a stagnant pool of water. This can lead to missed opportunities, reduced economic activity, and ultimately, a less prosperous society. For individuals, a healthy flow of money can lead to a sense of abundance and freedom. When money moves easily in and out of your life, it can reduce the fear of scarcity and allow you to pursue your passions and live a more fulfilling life. Circulating money can also be used to support those in need, promoting equity and social responsibility. By contributing to causes that benefit others, money can be used to fill gaps in society and create a more equitable world.
Before you can start hoarding, make sure to atleast live a meaningful life.
In good faith - Peace!!
