Financial problems cause distress and loss of self-respect.
Sentiment: NEGATIVE
The biggest financial pitfall in life is divorce. And the biggest reason for divorce is marriage.
Self-respect is a question of recognizing that anything worth having has a price.
That good disposition which boasts of being most tender is often stifled by the least urging of self-interest.
Relationships based on obligation lack dignity.
Self-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.
Over the years, I've interviewed thousands of people, most of them women, and I would say that the root of every dysfunction I've ever encountered, every problem, has been some sense of a lacking of self-value or of self-worth.
Greed is not a financial issue. It's a heart issue.
Any time there is a lot of money or ego involved, people tend to behave badly.
Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard,' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again.
Tragedy in life normally comes with betrayal and compromise, and trading on your integrity and not having dignity in life. That's really where failure comes.
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