Myths and Know the Reality of Finance

 Hello friends,

I hope you have read my blog on “Finance and emotions. If not, click the link given below.

https://equityrecos.blogspot.com/2021/02/do-finance-and-emotions-go-hand-in-hand.html?m=1

Everyone knows that Finance encompasses the world of Material World like Money, Currency, Property. Assets, Economy, etc.

My Definition of Finance (With Reference of Finance Told by a Higher Dimension Person Mr. A. Nagraj) is that we humans have Body as a medium to fulfill one’s aspirations in completing our Journey.

Thus, Finance is beyond Just Money, Currency.

Utilization of anything is done well after understanding the Actual Properties of that thing. Like wise, Know the Myths & Realities of Finance.

Myths are assumptions, meaning, ignorance or less know-how of a thing.

Anyways, Let’s dig in to the Myths people Connote to Finance ➖

• Most of them think Finance is only Money, Property, Materialistic thing

• Finance is Addictive to some and Speculative to many.

• Finance means only Profit/ Loss, Taxes, etc.

• Finance is replenishable.

• Finance is connected mainly by most to Economy, Commercial and plays as an Antagonist to environment, sustainability.

• Emotional Attachment to finance.

Let's Break these Myths - Reality Check with my following views:-

• Finance includes All resources like one’s Body, Material things, Mind for making proper use of Knowledge and understanding, natural resources, Human resources, etc

• Finance = Resources (Body + Mind + Knowledge + Material Wealth)

• Finance can be Recyclable and Renewable. Know how? Finance that can be ploughed back and the resources that can be renewable does not waste Finance and Finance cannot be a danger or Insecurity. Reusable, Renewable, Re-grown, Re-invested puts rest to the myths, insecurities related to finance.

• Knowledge is Power. Know-how of What is Finance, what includes Finance, what are the benefits of Finance, How can Finance be made, shared, grown, renewed, sustained, etc; makes it non speculative.

• Good Health is Good wealth, known to everyone. But how much of us today invest our time for Good Health??!! We may invest in Medical insurance for Contingencies, but how much time do we take out of the day to be happy, to work without stress, to be in Nature, To grow, to eat organic ? 

• Finance is misconceptualized with only Material things by even Great Economists. The result is the stress of working people, the race for Money, Capitalism, Commercialisation of any & everything, the harmful side-effects to Environment, Diminishing Resources, Haphazard Daily Life Routines.

• The valuation of Finance should be done Properly with Actual Efforts, Human efforts Put to Build that Finance. Valuation of Capital, Wealth, Finance with respect to Degree only, No Human efforts hours, brings in nothing but only Inequality in distribution of Wealth in Society.

• Land is a Replinishable Asset, taught in Our Management, Economic Institutes. The result of Massive Production due to Fertlisers, etc led to Mishap of Green Revolution / Wheat Revolution in Punjab, India. We Forgot to understand the Natural Process of Fertility of Lands, how to make land more naturually productive.

• Thus, The Key New Normal in the World of Today's Finance is Being Natural,, Sustainable, Organic, Recyclable, Use of Human Resource and Focusing on Economy & its Valuations being Human - Centric than Money-centric.

Hope you agree with my insights on the Realities of Finance. I welcome your valuable Comments. Thanks for Liking my blogs, sharing them.