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Money by Mind Map: Money
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Money

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"If greed can be removed, human suffering will come to an end." (Avatamsaka Sutra 22, Dasambhumika)

"The impulse "I want" and the impulse "I'll have" -- lose them! That is where most people get stuck; Without those, you can use your eyes to guide you through this suffering state." (Nipata Sutra 706)

"...my greatest skill has been to want but little..." (Henry David Thoreau, Walden: Or, Life in the Woods - p.64)

Wealth and the right livelihood (translated by Thanissaro Bhikkhu)

"To practice Right Livelihood (samyag ajiva), you have to find a way to earn your living without transgressing your ideals of love and compassion. The way you support yourself can be an expression of your deepest self, or it can be a source of suffering for you and others. " ... Our vocation can nourish our understanding and compassion, or erode them. We should be awake to the consequences, far and near, of the way we earn our living." (The Heart of the Buddha's Teaching [Parallax Press, 1998], p. 104)

Economic in Buddhism

"The purpose of wealth is to help others according to Buddha."

Gautama Buddha

"For householders in this world, poverty is suffering."

"Woeful in the world is poverty and debt."

"A lay follower should not engage in five types of business. Which five? Business in weapons, business in human beings, business in meat, business in intoxicants, and business in poison."

"One is the path that leads to material wealth, The other is the path that leads to Nirvana" (Dhammapada 5:75)

Responsibilities a lay person should possess: 1. Active and diligent in one's profession 2. Ability to manage his income wisely 3. Ability to associate with virtuous and intelligent friends 4. Ability to live within his means

"If you have little, give little; if you own a middling amount, give a middling amount; if you have much, give much. It is not fitting not to give at all. Kosiya, I say to you, 'Share your wealth, use it. Tread the path of the noble ones. One who eats alone eats not happily."

“The wise and virtuous shine like blazing fire. He who acquires wealth in harmless ways is like a bee that gathers honey. Riches mount up for him like an anthill’s rapid growth. With wealth acquired in this way, a layman fit for household life in portions four divides his wealth. Thus will he win friendship. One portion for his wants he uses (including charity). Two portions he spends on his business. A fourth he keeps for times of need.” (Digha-Nikaya lll,188)

Buddhist Economics

Chapter Four, "Blameworthy qualities are greed for gain, stinginess, grasping, attachment to gain and hoarding of wealth.", "For the laity, as mentioned above, there is no instance in which poverty is encouraged.", "Good and praiseworthy wealthy people are those who seek wealth in rightful ways and use it for the good and happiness of both themselves and others.", "For the individual, the objective of livelihood is to acquire the four necessities or requisites of human existence: food, clothing, shelter, and medicine.", "Used with wisdom, material goods can help relieve suffering, but used without wisdom, they only increase the burden."

Chapter Five, 4 areas in which householders may relate skillfully to wealth:, Acquisition: Wealth should not be acquired by exploitation, but through effort and intelligent action; it should be acquired in a morally sound way., Safekeeping: Wealth should be saved and protected as an investment for the further development of livelihood and as an insurance against future adversity. When accumulated wealth exceeds these two needs, it may be used for creating social benefit by supporting community works., Use: Wealth should be put to the following uses: (1) to support oneself and one's family; (2) to support the interests of fellowship and social harmony, such as in receiving guests, or in activities of one's friends or relatives; (3) to support good works, such as community welfare projects., Mental attitude: Wealth should not become an obsession, a cause for worry and anxiety. It should rather be related to with an understanding of its true benefits and limitations, and dealt with in a way that leads to personal development., "Buddhism stress that our relationship with wealth be guided by wisdom and a clear understanding of its true value and limitations. We should not be burdened or enslaved by it. Rather, we should be masters of our wealth and use it in ways that are beneficial to others. Wealth should be used to create benefit in society, rather than contention and strife. It should be spent in ways that relieve problems and lead to happiness rather than to tension, suffering and mental disorder.", "The two eyed person is a fine human being, one who shares out a portion of the wealth obtained through his diligent labor. He has noble thoughts, a resolute mind, and attains to a good bourn, free of suffering. Avoid the blind and the one-eyed, and associate with the two-eyed.", "With meditation, we gain perspective on our motivations: we sharpen our awareness and strengthen free will. Thus, when it comes to making economic decisions, decision about our livelihood and consumption, we can better resist compulsions driven by fear, craving, and pride and choose instead a moral course that aims at true well-being.", Seeking and protecting wealth. The conditions that would lead to happiness in the present and in the future:, "And what is the endowment of industriousness (utthanasampada)? A son of good family supports himself through diligent effort. Be it through farming, commerce, raising livestock, a military career, or the arts, he is diligent, he applies himself, and he is skilled. He is not lazy in his work, but clever, interested. He knows how to manage his work, he is able and responsible: this is called endowment of industriousness.", ""And what is the endowment of watchfulness (arakkhasampada)? A son of good family has wealth, the fruit of his own sweat and labor, rightly obtained by him. He applies himself to protecting that wealth, thinking, 'How can I prevent this wealth from being confiscated by the King, stolen by thieves, burnt from fire, swept away from floods or appropriated by unfavored relatives?' This is called the endowment of watchfulness.", "And what is good company (kalyanamittata)? Herein, a son of good family, residing in a town or village, befriends, has discourse with, and seek advice from, those householders, sons of householders, young people who are mature and older people who are venerable, who are possessed of faith, morality, generosity, and wisdom. He studies and emulates the faith of those with faith; he studies and emulates the morality of those with morality; he studies and emulates the generosity of those who are generous; he studies and emulates the wisdom of those who are wise. This is to have good company.", "And what is balanced livelihood (samajivita)? A son of good family supports himself in moderation, neither extravagantly nor stintingly. He knows the causes of increase and decrease of wealth, he knows which undertakings will yield an income higher than the expenditure rather than the expenditure exceeding the income. Like a person weighing things on a scale, he knows the balance either way ... If this young man had only a small income but lived extravagantly, it could be said of him that he consumed his wealth as if it were peanuts. If he had a large income but used it stintingly, it could be said of him that he will die like a pauper. But because he supports himself in moderation, it is said that he has balanced livelihood.", 4 kinds of happiness for a householder:, "What is the happiness of ownership (atthisukha)? A son of good family possesses wealth that has been obtained by his own diligent labor, acquired through the strength of his own arms and the sweat of his own brow, rightly acquired, rightly gained. He experiences pleasure, he experiences happiness, thinking, 'I possess this wealth that has been obtained by my own diligent labor, acquired through the strength of my own arms and the sweat of my own brow, rightly acquired, rightly gained.' This is the happiness of ownership.", "And what is the happiness of enjoyment (bhogasukha)? Herein, a son of good family consumes, puts to use, and derives benefit from the wealth that has been obtained by his own diligent labor, acquired through the strength of his own arms and the sweat of his own brow, rightly acquired, rightly gained. He experiences pleasure, he experiences happiness, thinking, 'Through this wealth that has been obtained by my own diligent labor, acquired through the strength of my own arms and the sweat of my own brow, rightly acquired, rightly gained, I have derived benefit and performed good works.' This is called the happiness of enjoyment.", "And what is the happiness of freedom from debt (ananasukha)? Herein, a son of good family owes no debt, be it great or small, to anyone at all. He experiences pleasure and happiness, reflecting. 'I owe no debts, be they great or small, to anyone at all.' This is called the happiness of freedom from debt.", "And what is the happiness of blamelessness (anavajjasukha)? Herein, a noble disciple is possessed of blameless bodily actions, blameless speech, and blameless thoughts. He experiences pleasure and happiness, thinking, 'I am possessed of blameless bodily actions, blameless speech, and blameless thoughts.' This is called the happiness of blamelessness.", Benefits of wealth, "He supports his father and mother ... wife and children, servants and workers comfortably, to a sufficiency, applying himself to their needs and their happiness as is proper.", "The noble disciple supports his friends and associates comfortably, to a sufficiency, taking an interest in their happiness as is proper.", "The noble disciple protects his wealth from the dangers of confiscation by kings, theft, fire, flood, and appropriation by unfavored relatives. He sees to his own security.", "The noble disciple makes the five kinds of sacrifice. They are: to relatives (supporting relatives); to visitors (receiving guests); to ancestors (offerings made in the name of ancestors); to the king (for taxes and public works); and to the gods (that is, he supports religion).", "The noble disciple makes offerings which are of the highest merit, which are conducive to mental well-being, happiness and heaven, to religious mendicants, those who live devoted to heedfulness, are established in patience and gentleness, are trained, calmed, and cooled of defilements.", "Although consumption and economic wealth are important, they are not goals in themselves, but are merely the foundations for human development and the enhancement of the quality of life."

Remove Attachment

Define "enough".

Enough: True Measures of Money, Business, and Life

Find free fulfillment.

Want but little.

Give freely to charitable causes.

Tackle the greater demons of greed and attachment.

Work for the love, yet not live a life dominated by it.

Understand what money really is and its purpose.

Provide value for free, without an ulterior motive.

Understand the joys of poverty

The Difference Between Rich/Poor People

Daila Lama's thoughts from the documentary, "10 Questions for the Daila Lama"., Own very little = very little to worry about., Contentment linked with happiness., Wanting "more" means you're never satisfied. "More" is an undefined quantity.

Live life with deliberate choices.

Understand sufficiency.

Research step #5 of The Eightfold Path: Right Livelihood.

Focus on contentment.

"Contentment is not the fulfillment of what you want; but the realization of how much you already have."

Be mindful of the woes of attachment.

Avoid negative influences.

Advertising

Volunteer. Help without reward.

Encourage the act of sharing.

freeconomy

Live sustainably.

Love intangibles.

Don't buy objects as status symbols.

Don't identify yourself with the value of your material objects.

Focus on functionality and practicality.

Always have at least one project.

A goal.

Something to strive for.

A focus.

What is it?

Mutually-accepted representation of a value exchange.

Example of change. An evolved form of bartering created for convenience.

Bartering requires both people to want what the other person has. Money is less restrictive.

Books

Money: A History

Money: Whence It Came, Where It Went

Mindfulness and Money: The Buddhist Path to Abundance

Hooked! Buddhist Writings on Greed, Desire and the Urge to Consume

Moneyless World

Not being realistic.

Attempts to challenge widely accepted change.

Requires monumental shift in human thinking., Too ambitious and dramatic., Better to become a positive influence, therefore leading by example., Promote positive ideas., Live sustainably., Share freely.

Assumes everyone has the same idea of utopia and that everyone is capable of sharing.

Religious people, who agree upon living a life under a set of rules/guidelines can't even live under those sets of rules and guidelines.

Appears naive.

Money has evolved over thousands of years. Has been deemed the best system by natural selection (chance).

Requires only a few individuals to cause the moneyless system to fall apart.

Large scale socialism has failed in the past. Too susceptible to corruption.

Better to just accept money for what it is, and then work towards non-attachment.

Compares itself to the "old days" and "uncivilized" groups of people. Ignores the imperfections with both. Nostalgic and idealized "memories".

Selfish to try and push such radical ideas, scaring off people who could be helped with less radical-ness. Trying to move too fast.

Eliminating money isn't eliminating the core issue of attachment. No change or elimination of the economy will combat greed and desire. Those things are independent of any form of economy and would continue without money.

Stifles progress, which ignores the human urge to discover, explore and progress.

Positions money as something to be feared. Gives into the false idea that money = power.

Business

"Employing social psychology, advertising manipulates popular values for economic ends, and because of its repercussions on the popular mind, it has considerable ethical significance." <-- Don't do this!

"To be ethically sound, economic activity must take place in a way that is not harmful to the individual, society or the natural environment. In other words, economic activity should not cause problems for oneself, agitation in society or degeneration of the ecosystem, but rather enhance well-being in these three spheres."

1. Here's who I am 2. Here's what I've got 3. Here's what it'll do for you 4. Here's what you can do next

Be anti-hype. Focus on what the product is, and the benefits, but point out that it may not be for everyone.

Transparency.

New media.

Use video in sales letters.

99% free content, 1% paid content.

Sell specialized "how to" content. Overall concepts are shared freely.