A Buddhist Perspective
Financial Planning, March, 2003 by Dominic Houlder
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Many financial advisers had difficult meetings with their clients during 2002 and are bracing themselves for a continuing round of anguished discussions in the new year. Managing money is rarely just that. Advisers also have to manage their clients' dreams. Not long ago, the dream was one of golden years stretching ahead into retirement and security.
Client meetings are painful now, because for many that dream is shattered. When the market bubble burst, it sucked out personal equity that will not be recovered. Our new era of low inflation means that fixed-income securities offer little succor. In 2003, people are going to wake up to the realization that they will have to work for many more years than they had expected before they retire.
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From a Buddhist perspective, the fundamental issue is that all of us have a tendency to use money-or anything at our disposal-to give ourselves a ...
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