Wealth Management: The Time Has Come for a Reboot

We’ve all seen the recent Lottery winner headlines: $2.04B Powerball winner Purchases $25M Hollywood dream home and another in his hometown.

On the celebrity circuit, Kevin Costner will now allegedly have to pay Christine Baumgartner $63,209 per month for their three children. Baumgartner was temporarily receiving $129,755 before the decision was made. Baumgartner had previously requested Costner pay her $248,000 a month.

Dollars and No Sense of Reality

It’s time to get real. In this social media age of increasing awareness, we need to reboot our concept of wealth management, money, what it means to be rich, and priorities.

Like never before, due to the superior technical advancements of communication, the group consciousness of the entire planet is awakening to a new level. The trials, tribulations, and intense sufferings of the majority of those who are living on Earth, in third-world countries, as well as throughout Europe and the United States, can simply no longer be ignored.

The time has come to stop the insanity. Assuredly, there is nothing wrong with being wealthy, but to what extent? Is it really necessary for anyone to be a multi-billionaire, and to not in some way, assist their fellow man (without an ulterior motive, a tax write-off, or there being something in it for them in any way)?

No matter the wealthy individual’s vocation, be they a rock star, a movie star, a world leader, a political figure, or a candlestick maker, is it really necessary for anyone to have or make a billion dollars, knowing full well that there are people in the world who do not even have one dollar to spare?

Look around: destruction is everywhere. Fires, hurricanes, earthquakes, and other natural disasters, for one, are destroying countless lives, properties, and indeed material gains.

The biblical quote that “money is the root of all evil” has too long been misinterpreted. Money is not the root of all evil. The correct passage reads as such: “The LOVE of money is the root of all evil.” [1 Timothy 6:10]

There’s a difference.

Conclusion

We all need money to survive and sustain ourselves in this world, and we should always try to secure our finances for our future, our families, and our basic needs. But without self-absorbed overt extravagance, at the sacrifice of compassion and human decency, particularly as the world grows smaller by way of the glaring, daily news awareness of human suffering.