Health, Climate & Inflation

I just want to stress the point here that money cannot be the greatest motivator. I wish to share a motivation story to clear this hurdle.

The story is about the donkey and the carrot. It's about incentive motivation and incentive motivation doesn't work all the time and that's the story of the donkey and the carrot. When you dangle the carrot in front of the donkey the donkey will carry the load for you. Now the points to note here are:

1. The donkey must be hungry.

2. The carrot has to be sweet.

3. The load must be light.

If the above three conditions are met then the donkey will carry it's load. If one of the three conditions aren't met then the donkey will not carry the load. That's about incentive motivation.

Therefore our title talks of three things:

1. Health.

2. Climate.

3. Inflation.

Now the incentive to achieve all our three goals is money. So in order to achieve all our three objectives we need all three to perform. If one of it fails then all three will fail.

In order to achieve all the three objectives we need to create money not print money. I will close with a quote from earl nightingale on why we will fail in our goals if making money is our sole objective to have all the three goals or objective as you wish to put it. The quote is taken from the Strangest Secret by Earl Nightingale. "Your success will always be measured by the quality and quantity of service you render. Most people will tell you that they want to make money, without understanding this law. The only people who make money work in a mint. The rest of us must earn money. This is what causes those who keep looking for something for nothing, or a free ride, to fail in life. Success is not the result of making money; earning money is the result of success and and success is in direct proportion to our service."

Comments

Banking & Finance: Mint

In the world of banking, a mint is not a place where coins are made, but rather a term used to describe a financial institution that has been granted permission by a central bank to issue banknotes. This role is also known as a note-issuing bank or a currency board. The concept of a mint in banking is rooted in the history of currency. In the past, coins were minted by governments or private entities, and they served as a means of payment and a store of value. However, as economies grew and trade expanded, the demand for larger denominations of currency increased. This led to the development of banknotes, which were issued by private banks as a way to facilitate transactions and provide a convenient alternative to coins. As the use of banknotes grew, governments became concerned about the potential for inflation and the impact of private banknote issuance on the overall stability of the economy. In response, central banks were established to regulate the issuance of banknotes and ensur...

Kamala Harris: Missing the Moment to Define Her Leadership

Transcript: The recent debate featuring Kamala Harris and Donald Trump was an important moment for the Democratic nominee to solidify her position as a leader. Yet, instead of seizing the opportunity to project confidence and vision, Kamala seemed to falter, weighed down by personal fears and memories of long-standing struggles. A key point that stood out was how Kamala Harris seemed to forget the very words she once made her mantra in her career as a prosecutor: "Kamala Harris for the people." These five words, often repeated by her during her time in courtrooms, represented her fight for justice and equality. However, during the debate, this sense of purpose seemed absent. The stage was set for her to remind everyone why she was the candidate for all people, but she failed to deliver a message that would resonate on that larger stage. Rather than focusing on a forward-thinking vision, Harris spent much of her time reflecting on the negatives, particularly issues of racism, ...

Finance & Banking: Brief history of the modern bank

The history of the modern bank can be traced back to ancient times when people used various methods of storing and exchanging wealth. One of the earliest forms of banking originated in Mesopotamia around 2000 BC, where temples served as the first lenders. These temples provided loans to farmers in the form of grain or silver, with interest rates varying depending on the time of repayment. In ancient Egypt, the precursor to modern banking emerged with the establishment of grain banks that stored surplus crops and provided loans to farmers during periods of scarcity. These banks also served as intermediaries for international trade, exchanging goods for gold and silver. The concept of banking continued to evolve in ancient Greece and Rome, with moneylenders and wealthy individuals offering loans to merchants and traders. The Romans, in particular, developed a sophisticated banking system that included the issuing of promissory notes, letters of credit, and the establishment of the first ...

Francis Hector's Official Website

Search This Blog