3 Aspects of Ensuring Self-Respect

Following the lessons on the 7 cures for a lean purse, Akad, the Richest Man in Babylon offers three further things that a person must do to ensure self-respect.

The 3 essential aspects of ensuring self-respect are:

3 Aspects for Ensuring Self-Respect

1.    Pay Debts Promptly.

“ he must pay his debts with all the promptness within his power, not purchasing that for which he is unable to pay ”

Spend less than you earn. Practice delayed gratification. Do not spend with money that you don’t have, otherwise you will get into a debt situation. With easy availability of credit cards, we tend to overspend with money we don’t have.

Do not pile up debts on your credit cards unless you pay off the balance in full each month. Most people will end up paying the minimum monthly repayment because that’s what they can afford to do so, and in the process they end up with more debts and sink further and further into the mine of debt.

When you are stuck in the hole of debt, the only solution is to stop digging, and make attempts to pay your debts. Seek advice from experts that provide counsel and help on how you can restructure your debts and ways to pay your debts promptly.

2.  Make a Will

“ he must make a will of record that, in   case the gods call him, proper and honourable division of his property be accomplished ”

It is important to make a will, as a will allows you to decide on the people who will benefit from your estate and the proportions you want them to receive in the event of your untimely demise.

Otherwise, in the event of your death. if there is no will, your estate will be distributed according to provisions in the law and certain people who are dependent on you may not receive anything.

You wouldn’t want the laws or someone else to decide for you, how your assets that you have accumulated over the years to be distributed, or would you ? If not, have your will written. Hence, making a will ensures that your loved ones are taken care of in future.

For peace of mind, it is important that you have your wills written by lawyers or professional will writers.

3.  Be Charitable

“ he must have compassion upon those who are injured and smitten by misfortune and aid them within reasonable limit. He must do deeds of thoughtfulness to those dear to him “

Being generous and extend a helping hand to those in need is important. Giving to charitable causes will give you a sense of satisfaction in knowing that the money you have made can be contributed to helping someone else and those less fortunate people.

It is not about the money you made, its about the feeling of what the money can do to help those less fortunate people to have a better life. Sometimes, we may not be able to help anyone financially, but we can always give a person comfort by showing that we really care by our service and care and kindness. Just do good stuff.

If you have this giving and caring attitude, it is for sure that you will be able to do something for which people will remember you forever. It is the caring and charitable legacy you leave behind. Be a generous giver !

Love People – Help People – Teach People

By Michael Tay   www.michaeltay.com

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