True and this is why it must be removed from campaigns and public funds used to mount campaigns and give each candidate the same amount to finance their run. Corporations and money cartels buy politicians who do their bidding and this is destroying the middle class via taxation and low wages in lieu of fairness.
Neither true or false.
Money is not power, but it is a potential power-tool. My parents were both obsessed with it and the status it gave them. I went the opposite way once i was old enough to think for myself.
I view money to be much like the power of intellect, voice, words, or even a gun. They can all be used to overpower others, but can also be used to help others.
I've always been paid very well for what i did, so it has never been really important except as a freedom tool. Money was always just there when i needed it. Now that i have very little, i am still as free as i want to be, and maintain my freedom in many other ways and with other tools.
Which is exactly why i believe what i do about money.
Its power and security, but does not purchase happiness or i say it Love!
That depends on what you mean by power, doesn't it?
As I see it, money is an accounting system that keeps track of the interchanges between you and society. Assuming you’re not a robber the money you have equals your contributions less the goods and services you used. So yes, interacting with society by trading gives individuals MUCH more power than trying to go it alone.
But that power is limited to the offerings of society. For real personal power, joy, and freedom, in addition to money you need deep conscious awareness, appreciation, and gratitude for the staggering implications of the gift of life.
The accounting goes a little rye when you use a finacial advisor from UBS and he allows you to loose more than half your investment in two days and then saids that's the way it goes. This same advisor would not put in stop loss prevention stating that his clients have never had a need for this measure. To make matters worse this was a personal friend.This has resulted in a very course change in my retirement. If I hadn't step in against his wishes at the time I did I might not have anything left at this time.So much for what I had contributed to society.I left his company immediately.
@Marine I certainly sympathize with your plight. I’ve also had bad experiences with brokers, but nothing like what you describe.
It’s hard to see how playing the stock market contributes much to society. I see how making and holding investments for the long term is a positive contribution. Sounds like your friend gave very mistaken advice. I hope you have better luck in the future.
@Marine When I was told I had to remove my retirement funds from the plan it was in , I looked for an investment advisor as well . One of the questions I asked them was , are you rich ? One lady began telling me she was , because she had a family and believed in God . Others became insulted that asked them . So I changed my question . I began asking if they had invested their own money in any of the plans they were recommending . No they hadn't . I figured , if they aren't confident enough to put their own money into any of their plans , then I wasn't either . Another financial advisor , said he could safely invest the entire amount , but he would claim 3% of it first .
Try getting by without any, you are powerless.
Money can be used to buy power but mostly it buys headaches...
Depends what the power is. For control and authority, yes. For freedom and peace of mind, no