David2 wrote:It is not so bad if you lose money, it just means that someone else won the same amount of money.
BubbaBuddhist wrote:... If we become a fascist society, where the government assumes the right to seize citizen's assets--leave. Move to where you stashed the gold and live there.
Mal wrote:Did the Buddha give any direct advice on how lay people should handle money?
David N. Snyder wrote:Mal wrote:Did the Buddha give any direct advice on how lay people should handle money?
"The wise and virtuous shine like a blazing fire. He who acquires his wealth in harmless ways
like to a bee that honey gathers, riches mount up for him like ant hill's rapid growth. With wealth
acquired this way, a layman fit for household life, in portions four divides his wealth: thus will
he friendship win. One portion for his wants he uses, two portions on his business spends, the
fourth for times of need he keeps."
Digha Nikaya 31, Sigalovada Sutta
The Buddha advised lay people to spend one-fourth of their income on daily expenses, invest half, and keep one-fourth for an emergency. According to the Buddha, one of
the greatest happinesses lay persons should strive for is to be free of debts.
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