In an Over-Communicated, Intrusive World, Simple is Better
Ed

Musings by Ed Bagley

 

On Tolerance:
The English writer G. K. Chesterton (1874-1936) once remarked that tolerance is the virtue of people who do not believe in anything; consequently, the have no standards by which to judge, which means they can be endlessly “ tolerant”. Within any given society or culture, the majority can, in fact, be wrong. Ergo, “Right is still right if nobody is right, and wrong is still wrong if everybody is wrong.” An act’s rightness or wrongness does not depend upon the number of its supporters. Acts that are popular or even laws passed by a legislature are not necessarily moral or ethical, not to mention fair.

On Your Potential:
It is possible that you are squandering your ability to develop your potential by spending too much time mooning over what is not right with your life rather than using that same energy to take action to achieve what you want to happen. To do so you must first decide who you are, what it is you want, and why you are here. Once you answer those questions for yourself, you will naturally gravitate toward becoming the person you are, you want to be, and what you are going to do with the rest of your life. Along the way, you will be feeding your passion rather than trying to discover your passion on an ever ending journey to despair.

On Personal Growth:
There is a huge difference between “professional growth” and “personal growth”. Do you know the difference? Virtually all successful people have professional growth. Professional growth is getting more education (a bachelor’s degree or an advanced degree), or successfully completing a training course in some specific skill (an apprentice carpenter becoming a journyman carpenter). Personal growth is totally different because personal growth requires you to change your thought process and belief system. Of every 100 people who could benefit from personal growth, only 10 at most would even attempt to develop personal growth, and, of those 10, only 1 will achieve personal growth because it is so difficult to achieve on your own without professional help of some kind. The one percent of people who achieve personal growth could be called “1 percenters”.
The 1 percenters may be 99% ahead of those who do nothing to change their thought process and belief system.

Clason’s “The Richest Man in Babylon” Part 2 – The 7 Cures for a Lean Wallet and The 5 Laws of Money

Copyright © 2007 Ed Bagley

Part 1 of this 2 Part series ends the synopsis of George Clason’s book “The Richest Man in Babylon,” but Clason raises an important question: Why should
so few men be able to acquire so much gold?

The answer is because they know how.

One may not condemn a man for succeeding because he knows how. Neither may one with justice take away from a man what he has fairly earned, to give to men of less ability.

And so it was that the good king of Babylon sought out the richest man in Babylon to teach to others in his kingdom the secrets of his success.

This is a synopsis of what the richest man taught to the people
of Babylon:

The Seven Cures for a Lean Wallet

1) Start your wallet to fattening. Save one-tenth of all you earn. Remember that a part
of all I earn is mine to keep. Do this faithfully. Do not let the simplicity of this escape you.

When I ceased to pay out more than nine-tenths of my earnings,
I got along just as well.
I was not shorter than before, and, money came to me more easily than before.

2) Control your expenses. How is it that all do not earn the same yet all have lean wallets? Here is the truth: That which each of us calls our “necessary expenses” will always grow to equal our incomes unless we protest to
the contrary.

Confuse not necessary expenses with desires. We all have more desires than our earnings can gratify. Examine which of the accepted expenses of living can be reduced or eliminated. Let your motto be 100% of appreciated value demanded for every dollar spent.

Budget your expenses so that your actual necessities are met without spending more than nine-tenths of your earnings.

3) Make your money multiply. Protect your growing treasure by putting it to labor and increasing. Money in your wallet earns nothing. Money that we earn from our money is but a start; it is the earnings generating earnings that builds fortunes.

When the richest man in Babylon loaned money to the shield maker to buy bronze, he said this: “Each time I loaned money to the shield maker, I loaned back also the rental he had paid me. Therefore not only did my capital increase, but its earnings likewise increased.”

4) Guard your money from loss. Everyone has an idea of how to make quick money; few, however, have the evidence of making money to justify their idea, scheme or offer of quick riches. The first sound principle of investment is security for your principal.

Before you loan your money to any man assure yourself of his ability to repay your loan, and of his reputation to do so. Make no one a present of your hard-earned treasure.

Consult the wisdom of those experienced in handling money for profit. Such advice is often freely given for
the asking, and may possess more value than the amount you
are about to invest.

5) Make your home a profitable investment. When you can set aside only nine-tenths of what you earn to live, and can use a part of that nine-tenths to improve the investment in your housing, do it; owning your own home is also an investment that grows with your wealth.

Your family deserves a home they can enjoy and call their own. It builds a sense of stability and well-being.

6) Ensure a future income. Build income-producing assets that do not require you to work forever. We will all grow old and die.

You should prepare a suitable income for the days to come when you are no longer younger and cannot work as hard, and to make preparations for your family should you no longer be with them to comfort and support them. Provide in advance for the needs of your growing age, and the protection of your family.

7) Increase your
ability to earn.
Desire precedes accomplishment, and the desire must be strong and definite. When you have backed your desire for saving $1,000 with the strength and purpose to secure it, you can then save $2,000.

Desires must be simple and definite. Desires defeat their own purpose when they are too many, too confusing, or too difficult to accomplish. Cultivate your own powers to study and become wiser, more skillful, and more productive.

Here is more sage advice from Clason’s masterpiece on financial matters:

The 5 Laws of Money

If you had to choose, would you choose tons of money or wisdom? Most men would take the money, ignore the wisdom, and waste the money. Here is the wisdom:

1) Money comes gladly and in increasing quantities to any man who will put aside not less than one-tenth of his earnings to create an estate for his future and the future of his family.

2) Money labors diligently and contently for the wise owner who finds for it profitable employment, multiplying unto itself in infinity if kept working diligently. Money multiplies itself in surprising fashion.

3) Money clings to
the protection of the cautious owner who invests it with the advice of men wise
in its handling.

4) Money slips away from the man who invests it in businesses or purposes that he is not familiar with, or which are not approved by those skilled in its keep. The inexperienced handler of money who trusts his own judgment, and puts his money in investments which he is not familiar, always pays with his money for his experience.

5) Money flees the man who would force it to impossible earnings, or who follows the alluring advice of tricksters and schemers, or who
trusts it to his own inexperience and romantic desires in investment.

Here is the hard lesson of the 5 Laws of Money: You cannot measure the value of wisdom in bags of money. Without wisdom, those who have it quickly lose money, but with wisdom, money can be secured by those who have it not.

This ends the condensation.

Copyright © 2012 Ed Bagley

If you could choose only one, would you rather have money, power, fame or health? And why?

Most of us have had our share of ups and downs in life.

When we were at our lowest point, we probably wondered how different our life would be if we suddenly came into some found money, or increased influence, or instant and intense attention, or lost weight without real focus and discipline.

The tendency to think our future would change is irresistible. But would it change for the better?

Here’s my take on whether it’s smarter—given the opportunity—to choose money, power, fame or health:

Let’s start with money because “it makes the world go round’. Money can do a lot of things. It can make your creditors vanish. It can make lenders suck up to you. It can cause much poorer people to buy you dinner just to be in your company.

It can get you the best table at a restaurant on the waterfront with a view. It can get you a luncheon meeting with a celebrity or a top-end producer.

Money can also bring some unwanted attention. It attracts all manner of “gorgeous” suitors to your side, begging with eager eyes and huge mounds to put some bang into your evening. It can also bring tax problems and IRS agents, eager to take away your newfound cash.

It can bring friends and relatives you never had, with sob stories about how they need your cash more than you do. They will be the ones who will love you the most when they want the money, and then hate you the most when you don’t give it to them.

Even if you win millions in the lottery, the reality is that too many lottery winners lose the money they have not earned because they have never been taught or learned how to keep and grow money. Most lottery winners are like drunken sailors on leave, they use their six months at sea figuring how to spend all of their money on wants rather than needs.

Unfortunately, money seldom brings us anything of substance that really matters. Money cannot buy us happiness. Money cannot buy us love. Money cannot buy us health. The people without money can enjoy the simple pleasures of life just as easily as those with money–like sunrises, sunsets, walks in the park, playing board games, spending time with family and friends, working up a sweat exercising, reading a good book, or watching a movie or live theater.

Someone first said that the best things in life are free. And have you ever thought that if you won big bucks in the lottery, it would deprive you of the satisfaction of making it in the world on your own?  There is something important to be said about working hard and achieving your goals by clear thinking and sweat equity.

When it is difficult to earn money, you are not so anxious to spend it recklessly. When gifted or loaned money, it slips through your hands like a hot knife through butter.

Power is another matter. Power suggests influence and creates a welcome bed for wrong-doing. People with perceived power tend to use it for ill-gotten personal aggrandizement.

Daniel Webster had this to say about power: “Good intentions will always be pleaded for every assumption of authority. It is hardly too strong to say that the Constitution was made to guard the people against the dangers of good intentions. There are men in all ages who mean to govern well, but they mean to govern. They promise to be good masters, but they mean to be masters.”

Power among high-level bureaucrats is almost legendary, as many of them become dictators. Even low-level bureaucrats like to lord it over the citizens they should be serving rather than aggravating. Should you question their use of power, you might be subjected to a bevy of bureaucrats ready to do you substantial harm. All pigs eat out of the same trough.

Politicians on both sides of the fence tend to eat each other alive when in power. They think nothing of launching a Congressional investigation into a minor happening and, when both sides are in agreement to their benefit, they ignore inquiry into a major issue, such as taking a pay raise in a down economy while raising taxes to continue salary increases and benefits for their fellow government staff members and supporters.

The effect of power among high-level military officers and law enforcement officers is no less so, and they carry and use guns and associated weapons.

Lord Acton, an English historian, said “Power tends to corrupt, and absolute power corrupts absolutely.” Man, was he ever right. More than one inquiring soul has learned that it is best not to upset a high-level righteous bureaucrat, politician, military officer or law enforcement officer.

When I was managing editor of the daily newspaper in Westfield, Massachusetts, Teddy Kennedy and his handlers ALWAYS came calling for my endorsement during an election year. When I owned and operated a newspaper publishing company, many local citizens thought I had a power position in the community because of the newspaper I published.

When they told me so, I reminded them that the only power I had was what they thought I had; virtually all of them had no idea what I was talking about.

In truth, people are about as powerful as we believe them to be. When people in a power position start killing people and ruining the lives of others, their power becomes a lot more obvious.

There is also great danger in being powerful as someone always wants to kill you to replace you, and many a dictator has met death on his way to the forum. When you live by the sword, you can just as easily die by the sword.

Clearly, power is a dangerous game and, when combined with money, becomes toxic to control—the propensity to do wrong (and get caught) is all but inevitable.

And then there is fame. Andy Warhol coined the phrase “15 minutes of fame”, wherein a person experiences a short-lived, fleeting moment of publicity or celebrity that melts away faster than a dewdrop in the hot morning sun.

An example happened recently to a woman in New Jersey who went to the tanning booth so often she looked more like a deep-fried Twinkie than a responsible adult. All you need to know is that the “15 minutes of notoriety” did not cure her need to go to the tanning salon and, once informed, people quickly forgot about her.

There are several attention-getters willing to commit stupid pranks or even heinous crimes just to get noticed. Hollywood types who have fallen out of favor will do literally anything, even absurd behavior, just to get back into the news; they figure even bad news is better than no news, and they are absolutely right, too many of us are drawn to stupid behavior because it fools us into thinking it makes us look smarter for not having done so.

It has been said than fame is a fickle suitor. Once lost, it never seems the same again. Fame also comes to those who least expect it. There are a number of famous professional athletes who were stocking grocery shelves and three weeks later were playing the big leagues. It almost seems unfair that fame can come to you unannounced and then leave as suddenly as it arrived.

Some people can’t wait for fame to arrive, and others are upset when it does. Fame, even for 15 minutes, can be overwhelming, and fame that lasts can be unrelenting, presenting an opportunity and a paycheck for the paparazzi.

Health is given and can also be taken away. Some of us are born with a genetic makeup that allows us talent, intelligence and longevity, and, should we take advantage of the opportunities that life serves up, we can reap great benefits. This great possibility is cast against a youngster who, through no fault of his own, contracts and dies of cancer during a single-digit existence.

While we can contribute to our well-being through regular exercise, eating wisely and avoiding obvious dangers, a good half of who we are is genetic and cannot be influenced by our behavior, attitude or will. We are at the mercy of life itself, or a higher power when you develop a spiritual awareness and choose to believe in a greater power.

That said, I believe I would choose health over money, power or fame. At the very least, without health I probably would not be a candidate for money, fame or power given my own volition and means. 

In its best state, health allows me to enjoy life without significant money, fame or power. Sometimes it is better to be the captain of your own rowboat than a 5th mate on an ocean liner. Good health allows you to be self-sufficient, independent, responsible and accountable for your own actions. I really determine my own success or failure. I can really only control myself, and even not then when I lose my health.

I would rather lose money, fame and power than my health. Should I lose money, fame or power, it can be potentially gained back again through focus, hard work and determination. Health, once lost, is never regained. Should you lose your eyesight, it will be gone forever.

Give me health, something to do, someplace to go and someone to love, and I will be happy, because people are, as Abe Lincoln has said, about as happy as they want to be.

Never forget that when we blame others for our condition in life, we give up our ability to change. Worse yet, if we lack the will for change, there is no one who can show us the way. We can only become better by being willing to change, and making better choices in doing so.

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The Legality of
Roe v. Wade Screams
for Reconsideration

 

Copyright © 2021
by Ed Bagley

There are at least 61 million incidents of why the legitimacy of the landmark United States Supreme Court decision regarding Roe v. Wade in 1973 should be struck down and reversed.

The screams of the 61 million fetuses already killed were never heard as they were deliberately executed in the womb of the mother and, if surviving to actual birth, they were killed in the operating room before being blessed with the gift of life.

Think for a moment about what is happening in this process and the carnage it is creating in our society, and the eventual impact it is having on our hearts, minds and souls.

The victim in this process is not only the unborn child, but also the mother who permitted it to happen, the father who helped create the child, his or her brothers and sisters, their potential grandparents, all living relatives, and all future generations of children who will have lost a companion and what the unborn child might have meant to the advancement of mankind, peace and harmony among our fellow living inhabitants who currently benefit from the gift of life.

Please do not be confused about thinking that life is not a gift. Life is a perfect gift that we cannot create on our own. Science has given us a better understanding and appreciation for the world we live in, but science cannot give us a living, breathing child. It is not only foolish but ignorant to think that we can plant a seed in the ground and a child will eventually arise from the soil.

Scientists cannot create sperm and an egg from nothing and produce a child. Without sperm and an egg, scientists are dead in the water before they ever start on the process involved.

While it is a generally accepted idea in civilized societies that killing someone is unacceptable if we are to coexist together; the chilling practice of Roe v. Wade allows a mother to kill her child rather than carry the child to term, let the child live, and raise the child as a mother. Citizens who murder another person after birth, who get caught and are tried in court and convicted, serve time in jail for their punishment. Roe v. Wade makes the deliberate killing of a child by abortion legal.

Roe v. Wade became a landmark decision when
7 of the 9 Justices at the United States Supreme Court created a majority decision to enact Roe v. Wade into law.

It is important to note that the governmental system of the United States of America is not a pure democracy—that is, rule by majority vote of its citizens who are registered to vote and vote during legal elections—but rather a constitutional system governed by the rule of law. The Constitution of the United States is the glue that holds the fabric of our system together with the help of the Bill of Rights, providing freedom and equality to its citizens who adhere to the laws of the land. Our judicial system provides the mechanism to make it work. At the top of our system of justice is the United States Supreme Court.

In the case of Roe v. Wade, 7 of the 9 Justices ruled that the Due Process Clause of the Fourteenth Amendment to the U. S. Constitution provided a “right to privacy” that protected a pregnant woman’s right to choose whether or not to have an abortion, and therein lies the rub.

The Fourteenth Amendment to the U. S. Constitution granted citizenship and equal civil and legal rights to African Americans and slaves who had been emancipated after the American Civil War, and included three major provisions: The Citizenship Clause, granting citizenship to “all persons born or naturalized in the United States”, the Due Process Clause declaring that states may not deny any person “life, liberty or property” without Due Process of Law.

The 7 Justices that went along with this idea included Chief Justice Warren Burger, and Associate Justices Harry Blackmun, William Douglas, William Brennan Jr., Potter Stewart, Thurgood Marshall and Lewis Powell. The 2 dissenting Justices included William Rehnquist and Byron White.

The result of what the 7 concurring Justices were saying implied that women have more rights than an unborn child, more rights than men, husbands, parents, grandparents, and all living relatives. And, that women not only have more rights, but also have more special rights than anyone else on the face of the Earth. And, of course, that an unborn child in the mother’s womb has no rights whatsoever; that the unborn child can be killed at will by a decision of the mother without any other consideration whatsoever for the welfare of the child.

Therefore, what the father, brothers, sisters, parents, grandparents or any other living relative might think merits no consideration whatsoever.

No one, of course, is even asking what God might think. If you have no spiritual development whatsoever, you could care less. You may even think there is no such thing as a God, and that we humans are in a long line of evolution descending from apes, who some scientists have determined have 96 percent of the same genes as humans.

And, and what? These are the same scientists who, if asked to create a tree from scratch, with no seed already in existence to plant, could not create a tree from scratch on their best day as a scientist, or if their life depended upon it.

Saint Teresa of Calcutta was probably not the first person to point out that  “every perfect gift comes from God”. God, in the Christian faith, and more especially the Catholic faith, includes the Trinity: God the Father, Jesus the Christ and the Holy Spirit, the Lord and giver of life.

Science and human nature aside, what does God have to say about killing? One of the Ten Commandments says: “Thou shall not kill”.  The commandment cannot be said simpler with the same meaning.

This Commandment of God does not hedge. It does not say, “Thou shall not kill, except for unborn babies”.  The gift of life is a perfect gift from God. In life, we can be faced with an enemy trying to kill us, and we kill so we, or our family, will not be killed. To be certain, killing is never a positive activity. Only sorrow comes from killing; the victim will likely leave behind a spouse, children, parents, grandparents, or a partner on the battlefield.

Why a majority of Supreme Court Justices would think that killing an unborn, defenseless fetus in the womb who will, without hindering, become a live, breathing human being at birth, is beyond common sense, not to mention an offense against humanity and the sanctity of life. It could be noted that, at the time of the Roe v. Wade decision, all the Supreme Court Justices were men.

Do mothers, who decide to kill their baby, realize and appreciate the fact that they would not be alive to reproduce if their mother decided to abort them?

No one in a polite, educated society wants to hear about killing babies. People who believe abortion is a personal right of a woman lay away nights trying to describe the process in more acceptable terms, such as: reproductive freedom, a woman’s right to control her own body, terminating a pregnancy, freedom of choice, a woman’s own private medical decision, a procedure, access to health care, family planning, and choice; anything but the raw truth: killing, which does not make it any less permanent for the unborn child and victim.

Those who would deny or doubt the existence of God are in a long of people who are “pro choice” rather than “pro life’. It would almost be impossible to calculate the arrogance and self-righteousness of women and organizations that promote abortion. Only God has an accurate take on that.

Without spiritual development and belief in God, it is hard to appreciate and understand God’s three greatest gifts for us; 1) The gift of life, 2) The gift of free will to do as we please, and 3) The gift of faith.

We could be reminded that God is not pleased about killing unborn babies, primarily because He is the creator of the life we enjoy.

For women who decide that abortion is an answer to whatever issues they feel will complicate their life, there is forgiveness when they experience remorse over their action. God is a forgiving God, and a woman who is remorseful over her decision to abort her child will be forgiven by God if she recognizes her wrongdoing and asks God for forgiveness.

God is a merciful God and understands that no human in His creation is without sin. All humans are sinners because we are not God. The good news is that we can be forgiven when we experience remorse, and ask God for forgiveness.

It is interesting to note that only 1 in 50 babies born worldwide are born in a free country that is the United States of America. There is no other county with another system of government—like socialism, democratic socialism, communism, fascism or any other ism or dictatorship—more free and offering more opportunity to succeed than the United States of America.

It is a shame that we can kill 61+ million unborn babies and claim to think we are as humane as we think we are. We are not that humane, but neither is any other country on the face of the Earth. We could do better, and we could start by reversing Roe v. Wade.

Financial Thoughts
on Investing
by Warren Buffett

 

(Ed’s Note: The following condensation is from The Tao of Warren Buffett, written by Mary Buffett and David Clark and available for sale at Amazon and bookstores nationwide. I am always impressed by what Warren Buffett has to say and am doing this condensation to help promote their book.)

On Investing: Never be afraid to ask too much when selling offer too little when buying.
(Ed’s Note: How much you get from a sale or how much you have to pay when making a purchase determines whether you make or lose money and how rich you ultimately become.)

(Ed’s Note: For more of Warren Buffett’s advice go to the menu bar above and click on Financial Thoughts.)