When I was young, my brother told me the secret to rich is to make donation. The more you donate, the richer you’re. So I asked him what exactly the donation that you mean? Did he mean giving advices or consultations? No, the donation is a real donation here in a physical "Money" form, he said. Huh? Is that really make sense? It didn't seem possible to me at all.
I still do not have the answer until today because he didn’t really explain that to me. Perhaps he did not know the answer himself and read this information from somewhere else but have no idea why. But anyway, I have figured out the answer by my own but still not sure if this is the real answer and let's see if my answer makes any sense to you.
Why it can be possible?
How can it be possible by donating money can make you reach? I have been thinking and I finally come to a conclusion why it can be possible. The ultimate answer is you're in control of your money by donating money.
(1) You're In Control
The first thing that you may ask, what is the return in terms of money when you give away your money? No, you don't get anything physically. However, when you are able come to a stage that willing to donate your money, it basically means that you're in control of your money. The control here doesn't exactly mean that you're good in personal finance. The "control" here means you are in control of your "emotion" towards your money. In other words, your emotion is NOT controlled by your money and I think that is the first thing or fundamental that everyone of us should learn in personal finance
(2) Make Better Judgement
When you're in control of your emotion, you can make a better judgement. When you can make a better judgement, you can make a better investment. When you can make a better investment, you will get your higher return and in long term you will become rich. That sounds simply but I believe that is true. A truly rich people always have a very high Emotional Quotient (EQ). If you see those riches who have very low EQ, I bet their rich will not able to sustain and I have seen many examples as such.
Conclusion
In short, the fundamental of becoming rich is really on controlling your emotion! However, when you tell this to anyone, no one will get it. If this concept is easily be understood, then everyone will be good in manage their money already but this is not the case. You and I know that.
Therefore one clever fella came out this idea, instead of telling everyone that controlling emotion is the fundamental of becoming rich, he/she is telling everyone that donating your money can make you rich without telling the real intention that is when you start to able to let go the money, you're in control of your money rather than being controlled. So, people follow without releasing the fact that they're increasing their EQ and eventually they will get rich by donating.
It seems ridiculous but what do you think? The way I look at this, the only thing to argue here is do you think a person who is willing to donate his/her money means that they're better in control of their emotion?
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