Signs of a Healthy Financial System: Generosity

Warren Buffett is known for his one-liners and one of his most memorable ones is about financial mismanagement. He says, “You only find out who is swimming naked when the tide goes out!” By that I think he means that if you are not managing your finances well, then when you encounter a tough time your vulnerability will be obvious to all. That is why we are so insistent that every family needs a financial spending plan. As we discussed in our previous post two out of three families are just winging it when it comes to their finances. And as Mr. Buffett says time will reveal what we are wearing under the water. Continue reading “Signs of a Healthy Financial System: Generosity”