Wednesday, November 22, 2017

Balance and money

One question I have had the entire semester, is how to balance life while being an entrepreneur?  I was grateful for the video of Randy Komisar of Kleiner Perkins Caufield and Byers as he discussed balancing life and career successfully.  He stated that balance is more like a swinging pendulum than a static pendulum.  At one time, money, opportunity and power are more important than other aspects of your life.  As one journeys through life, one needs to determine what is more important – other aspects or the trappings of success.  What makes you happy?  Some people are happy making money but one can be happy making money to provide for a family.  Money is not the object, providing for your family is the object.  Happiness comes from attaining the object – so the journey is important.  If the object itself becomes more important than the purpose of the object then happiness is lost. 

What has helped me was understanding that the balance is like the swinging pendulum.  I think I can understand that the object may move the way we attain balance.

We were also asked to answer the following questions:

§  What is your attitude toward money?  I feel money is important to sustain life and to help others.  I like to have enough to do what I would like to do – such as visit my children whenever I want, go on vacations with my husband, provide for charitable organizations, and buy lots of books.

§  How can your view of money affect the way you live?  Sometimes, it has allowed me to work at job and just show up without contributing.  I’m just working to sustain life and as my church contributions are “automatically” part of my budget, I still help others.

§  What rules are recommended for prospering?  According to Stephen W. Gibson in is article, “Attitude on Money”, the rules of prospering are:
§    
Rule 1. Seek the Lord and have hope in him Rule
2. Keep the commandments, that includes the temporal ones, tithing and fast offerings. Rule
3. Think about money and plan how you can become self-reliant.
Rule 4. Take advantage of chances for learning so you will not be ignorant of these matters. Education, as President Hinckley has taught us, isthe Key to Opportunity.
Rule 5. Learn the laws upon which the blessings of wealth are predicated.

Rule 6. Do not send away the naked, the hungry, the thirsty or the sick or those who are held captive.