The 7 Deadly Sins Of Finance
The 7 Deadly Sins Of Finance
FORBES | SHOOK Dustin Elliott Top Wealth Advisor Mar 28, 2022
Taking a few X’s and O’s from a playbook on life, I wanted to apply each of the 7 Deadly Sins to the most often discussed topic in the most popular book every written, money. Money, in and of itself, is simply a multiplier of means to an end. It takes whatever is already inside of us…and multiplies it. For example, if you like cars without money and suddenly you have money, chances are, you’ll buy cars.
This observation is why it is exceedingly important that children, teenagers and young adults develop healthy attributes and a deep sense of integrity before they have wealth. Often, the pursuit of wealth teaches us many life lessons that prepare us for managing it. In some cases, we can be taught that money is a means of acquiring the what in life we desire. In others, we can be taught that money is a means of sharing the who we have become.
In my experience, you don’t get very many of the whats until you become the who you are meant to be.
The 7 Deadly Sins of Finance:
ENVY
Being dissatisfied with our lives, talents and gifts while focusing on the circumstances of another’s. In today’s tainted lens of social media, this one is not difficult to grasp. It’s rooted in jealousy. It creates unfair rivalry and unnecessary competition. It can manifest itself in gossip, sarcasm, teasing, contempt and lead to schemes meant to destroy others, while rotting us from the inside out.
Rather than be envious, why not befriend someone whose station in life is appealing to you? Chances are, they are making above average financial decisions, and they may have some insight you could benefit from. It is often said, you are the average of the 5 people you are closest to. Assuming this math is true, how do you add up? If you made an adjustment and added a mentor where a detractor currently resides, would your average increase?
GREED
A desire for inordinate amounts of possessions or status…or in this case, money. Greed uses others for personal gain, with little regard for the harm our manipulation may cause them. It can manifest itself in many ways, gambling excessively, weaseling, narcissism, selfishness, embezzling, avoiding conflict, being unlawful or unethical, being too possessive or even refusing to set healthy boundaries.
Rather than be greedy for more personal pleasure, fall in love with the journey, the pursuit…and establish a process by which you share the fruits of your labor with others. Setup a foundation or DAF that automatically takes 10% (or more) of what you come into and be radically generous with it. There’s no drug on this planet that can compare to the high we get when we help someone else, especially when we do so with no expectation of something in return. The gift of giving truly is without comparison.
LUST
Seeking material or monetary satisfaction to fill the emptiness in our lives…an excessive, driving desire for personal pleasure with more net worth, greater returns or gains on the socioeconomic ladder.
Rather than lusting for more money, set your heart on a desire to learn. Every successful person stands on a hill full of failures - although for them, they’re called lessons. As we try and fail, we learn what not to do, we make adjustments and we file experiences under a super power column called wisdom. As we increase our net worth in wisdom, chances are, we’ll find other rewards as well.
To continue reading, please go to the original article here:
https://www.forbes.com/sites/forbes-shook/2022/03/28/the-7-deadly-sins-of-finance/?sh=7faa5c847483
GP Q: Iraq Update as of 2nd October 2026
IRAQ
Iraq’s banking cleanup is not a rumor.
The Central Bank is running it in public.
Governor Nizar Nasser Hussein has said: the reform program is still underway, coordinated with Oliver Wyman and aimed at a more competitive sector that is open to the international financial system.
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This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
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What landed:
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Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome, everyone, to the big call, Thursday, October 1, and you are here with Sue and Bob because Bruce is out at a very special event, and we're honoring and celebrating the fact that he gets to cut out and do something that he's very excited about. And so we're going to pitch in, and we're pitch hitters, right, Bob? We're pitch hitters for Bruce, and we're going to. Yeah, exactly, exactly. But we're gonna guarantee you a very powerful call.
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Have you ever settled on a new exercise program, only to get a bad cold a few days in and happily throw yourself on the couch, relieved to have a handy excuse? Excuses must be human nature; I know I usually make them when I'm facing something that’s new, that's hard, or that I just don’t enjoy. And I’ve certainly made excuses when it comes to money.
In the years that I’ve been writing about personal finance and investing, I’ve also heard my fair share of excuses, mostly from readers who don’t agree with my advice. The problem is, unlike good financial habits, excuses are easy to come by, even though most of them just don’t stand up to reason. Check out some of the ones I’ve heard most frequently so far.
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Thursday Night Video
FRANK26….10-1-26….CBI CONFESSION
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
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