The Dharma, sutras, and commentarial interpretations of interest to American Buddhists of all traditions with news that not only informs but transforms. Emphasis on meditation, enlightenment, karma, social evolution, and nonharming.
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The Buddha's advice on money is found in the Sigalovada Sutra and says one should take one's money and split it into four equal parts: 1) spend and enjoy, 2) pay off debts (bills, loans, etc.), 3) restock inventory, 4) put away as savings.
Spend on wants.
Spend on business needs.*
Spend on producing more wealth.
Save for times of need.
*Inventory, paying employees, advertising, taxes, insurance, and so on.
To preserve money it's not enough to store fiat currency (faith money like greenbacks) in the mattress and coffee can. It takes an investment in something that is not affected by inflation and deflation. Gold never loses its value for long, and it not infrequently climbs in value to earn more money than it cost to buy it in the first place.
Do not accept paper notes that say someone else is holding the gold (metal). Get the metal. This may mean investment in coins, which are a ripoff because the minting eats up part of the value. Krugerrands are better. Progressive loudmouth Thom Hartmann says he prefers ITM Trading for stowing away his troy ounces of gold... Better than gold is merit (profitable wholesome karma) that ripens in the future.
Gold: Not Just for Right-Wingers!
(Mother Jones, May 2010) ...Thom Hartmann have both endorsed ITM Trading, an Arizona company that, like Goldline, pushes [overpriced] gold coins as “the best way..."
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