Wealth Management 101 For Wealth Managers

Money. ‘Coined liberty’ as Dostoevsky put it. ‘Incarnate desire’ as James Buchanan put it. Also one of the most fundamental misunderstandings in basic economics.

We spend our whole lives being managed by money. We spend a great deal talking about it, worrying about it, often struggling to collect enough to meet our immediate needs. If we are one of the lucky ones to have a lot of money, we use it to buy our dream car, dream house, or set out on that dream vacation. Money is also considered to be a ‘tool of power’. It can be used to fund a good cause or even a war. Some are willing to break laws, destroy families, wage battles, or even get married in exchange for it. Some go beyond their measure to empower themselves with individual creativity and drive good for others around them. Feed a hungry soul seeking food. Enlighten a hungry mind seeking knowledge.

Is money good or bad? Or do we have it all wrong?