Common Misconceptions Behind Wealth
February 5, 2015 by admin
Filed under Finance & Loans
The wealthy are not lazy, nor are they greedy. Although some wealthy people do encompass those qualities, the vast majority strive to do good things with their wealth. Almost every major corporation on the Fortune 500 List is involved in giving back to its community in some form or another. Greed is one of many misconceptions about wealth that society must learn to overcome. Wealth is not to be feared, nor is it to be chastised. It’s something everyone can attain and all of us can do great things with.
There is Never Enough
One common belief for why people appear to be greedy is the presumption that there is never enough money one can earn. Otherwise, why would companies like BP strive to reduce losses and bring in higher profits year over year, even at the expense of workers?
The answer has to do with growth and fostering something. People can be stewards of money, or of organizations that produce money like corporations. How we use that money and wealth has huge effects across the social sphere. The accumulation of wealth is not done for the purposes of elevating the self, although individuals do benefit, it has to do with serving a community or a market.
Money Requires No Effort
It’s another misconception that the accumulation of wealth requires no real effort on the part of the wealthy. It actually requires great dedication to manage one’s wealth, and extreme discipline to spend it responsibly.
Phineas Upham is an investor from NYC and SF. You may contact Phin on his Phineas Upham website or LinkedIn page.
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