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The Psychology Of Money (Timeless Lessons On Wealth, Greed And Happiness) The Psychology Of Money (Timeless Lessons On Wealth, Greed And Happiness)

The Psychology Of Money (Timeless Lessons On Wealth, Greed And Happiness) Order Printed Copy

  • Author: Morgan Housel
  • Size: 3.62MB | 255 pages
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About the Book


"The Psychology of Money" explores the complex relationship between money, wealth, greed, and happiness. Author Morgan Housel provides timeless lessons on how individuals can navigate their personal finances and make better decisions based on understanding their own psychology and behaviors. The book delves into the importance of managing emotions, avoiding common pitfalls, and prioritizing long-term financial well-being over short-term gains.

Adoniram Judson

Adoniram Judson Born in Malden, Massachusetts, the son of Adoniram Judson, Sr., a Congregational clergyman, and Abigail (Brown), Judson graduated from Brown University (B.A., M.A.) and in the first class of Andover Theological Seminary (1810). His interest in missions began in 1809 when he read Claudius Buchanan‘s sermon “The Star in the East.” With ministerial friends he started the Society of Inquiry, a seminary study group on missions. In 1810 he was licensed to preach by the Orange, Vermont, Congregational Association preparatory to the pastoral ministry; however, he had strong inclinations toward overseas missions. In June of that year, Judson, Samuel Newell, Samuel Nott, Jr., and Gordon Hall presented themselves to the Massachusetts General Association for missionary service, and the American Board of Commissioners for Foreign Missions (ABCFM) was formed as a result. Following an unsuccessful attempt to secure an appointment from the London Missionary Society in England, Judson persuaded the ABCFM to support three couples and two single men on a mission to the East. Judson was the lead candidate of the first commissioning service for the American overseas missionaries held at Salem (Massachusetts) Tabernacle on February 6, 1812. Following a sendoff with great fanfare, Judson and his bride, Ann (Haseltine), sailed with the Newells for India in 1812. During the four-month voyage, the couple carefully studied the baptismal positions of the English Baptists in order to controvert the Baptist position; however, when they arrived at Calcutta, they adopted Baptist principles and were baptized by William Carey. Upon their change of sentiments, the Judsons resigned from the ABCFM and plans were laid for the creation of a Baptist mission society in the United States. By order of the British East India Company, the Judsons were forced to leave India. Surreptitiously escaping to Rangoon, Burma (Myanmar), in 1813, they established a station that became the first mission of American Baptists. Their work included evangelism and Bible translation. In 1842, following completion of Judsons’s first dictionary, the couple relocated to Ava, to establish greater influence with the government. However, Adoniram Judson was charged with being an English spy and was imprisoned in June 1824. In a 21-month period of incarceration during the Anglo-Burmese War, he suffered from fever and malnutrition and underwent a forced march. As a result of the courage and resourcefulness of his wife, he was released in February 1826 to serve as a translator for the Burmese government during negotiations for the Treaty of Yandabo. Ann Judson died of complications of smallpox later the same year. To enlarge his efforts, Judson moved his mission to Moulmein in 1828. There, with the assistance of Jonathan Wade, he built a church and school and continued work on the Burmese Bible, which he completed in 1834. Later that year, he married Sarah Hall Boardman, widow of George Dana Boardman and a gifted linguist and teacher. In 1845, following the birth of their eight child, Sarah’s health declined and the Judsons embarked for the United States. Sarah died en route; Judson completed the trip and remained in the United States for nine months’ furlough. While his strength had been greatly reduced and he suffered chronic laryngitis, he was hailed as a hero throughout the Christian community. While at Madison University in upstate New York, he met and married Emily Chubbock, a writer and educator. They returned to Burma in 1846 for continued work on an enlarged Burmese dictionary, which was finished in 1849. Shortly afterward, Judson contracted a respiratory fever and, attempting to travel to a better climate, died at sea. Brackney, William H., “Judson, Adoniram,” in Biographical Dictionary of Christian Missions, ed. Gerald H. Anderson (New York: Macmillan Reference USA, 1998), 345-46. This article is reprinted from Biographical Dictionary of Christian Missions, Macmillan Reference USA, copyright © 1998 Gerald H. Anderson, by permission of Macmillan Reference USA, New York, NY. All rights reserved.

weakness may be your greatest strength

How well are you investing the weaknesses you’ve been given? Perhaps no one has ever asked you that question before. Perhaps it sounds nonsensical. After all, people invest  assets  in order to increase their value. They don’t invest  liabilities . They try to eliminate or minimize or even cover up liabilities. It’s easy for us to see our strengths as assets. But most of us naturally consider our weaknesses as liabilities — deficiencies to minimize or cover up. But God, in his providence, gives us our weaknesses just as he gives us our strengths. In God’s economy, where the return on investment he most values is “faith working through love” (Galatians 5:6), weaknesses become assets — we can even call them  talents  — to be stewarded, to be invested. It may even be that the most valuable asset God has given you to steward is not a strength, but a weakness. But if we’re to value weaknesses as assets, we need to see clearly where Scripture teaches this. The apostle Paul provides us with the clearest theology of the priceless value of weakness. I have found 1 Corinthians 1:18–2:16 and, frankly, the entire book of 2 Corinthians, to be immensely helpful in understanding the indispensable role weakness plays in strengthening the faith and witness of individual Christians and the church as a whole. Paradoxical Power of Weakness Paul’s most famous statement on the paradoxical spiritual power of weakness appears in 2 Corinthians 12. He tells us of his ecstatic experience of being “caught up into paradise,” where he received overwhelming and ineffable revelations (2 Corinthians 12:1–4). But as a result, a thorn was given me in the flesh, a messenger of Satan to harass me, to keep me from becoming conceited. Three times I pleaded with the Lord about this, that it should leave me. But he said to me, “My grace is sufficient for you, for my power is made perfect in weakness.” Therefore I will boast all the more gladly of my weaknesses, so that the power of Christ may rest upon me. For the sake of Christ, then, I am content with weaknesses, insults, hardships, persecutions, and calamities. For when I am weak, then I am strong. (2 Corinthians 12:7–10) In these few sentences, Paul completely reframes the way Christians are to view weaknesses, even deeply painful ones that can appear to hinder our calling and that the powers of darkness seek to exploit. What at first seems to us like an expensive liability turns out to be a valuable, God-given asset. Weakness and Sin Before we go further, we need to be clear that Paul does not include  sin  in his description of weakness here. The Greek word Paul uses is  astheneia , the most common word for “weakness” in the New Testament. J.I. Packer, in his helpful study on 2 Corinthians,  Weakness Is the Way , explains  astheneia  like this: The idea from first to last is of inadequacy. We talk about physical weakness [including sickness and disability] . . . intellectual weakness . . . personal weakness . . . a weak position when a person lacks needed resources and cannot move situations forward or influence events as desired . . . relational weakness when persons who should be leading and guiding fail to do so — weak parents, weak pastors, and so on. (13–14) But when Paul speaks of sin, he has more than inadequacy in mind. The Greek word for “sin” he typically uses is  hamartia , which refers to something that incurs guilt before God.  Hamartia  happens when we think, act, or feel in ways that transgress what God forbids. “Weaknesses manifest God’s power in us in ways our strengths don’t.” Though Paul was aware that  hamartia  could lead to  astheneia  (1 Corinthians 11:27–30) and  astheneia  could lead to  hamartia  (Matthew 26:41), he clearly did not believe “weakness” was synonymous with “sin.” For he rebuked those who boasted that their sin displayed the power and immensity of God’s grace (Romans 6:1–2). But he “gladly” boasted of his weaknesses because they displayed the power and immensity of God’s grace (2 Corinthians 12:9). In sin, we turn from God to idols, which profanes God, destroys faith, and obscures God in the eyes of others. But weakness has the tendency to increase our conscious dependence on God, which glorifies him, strengthens our faith, and manifests his power in ways our strengths never do. And that’s the surprising value of our weaknesses: they manifest God’s power in us in ways our strengths don’t. That’s what Jesus meant when he told Paul, “My power is made perfect in weakness” (2 Corinthians 12:9) — “perfect” meaning  complete  or  entirely accomplished . Our weaknesses are indispensable because God manifests the fullness of his power through them. Asset Disguised as a Liability At this point, you may be thinking, “Whatever Paul’s ‘thorn’ was, my weakness is not like that.” Right. That’s what we all think. I have a thorn-like weakness, known only to those closest to me. If I shared it with you, you might be surprised. It dogs me daily as I seek to carry out my family, vocational, and ministry responsibilities. It makes almost everything harder and regularly tempts me to exasperation. It’s not romantic, certainly not heroic. It humbles me in embarrassing, not noble, ways. And most painful to me, I can see how in certain ways it makes life harder for those I live and work with. Often it has seemed to me a liability. I’ve pleaded with the Lord, even in tears, to remove it or grant me more power to overcome it. But it’s still here. Paul also initially saw his weakness as a grievous liability and pleaded repeatedly to be delivered from it. But as soon as he understood Christ’s purposes in it, he saw it in a whole new light: a priceless asset disguised as a liability. And he gloried in the depths of God’s knowledge, wisdom, and omnipotent grace. “God, in his providence, gives us our weaknesses just as he gives us our strengths.” I have been slower than Paul in learning to see my thorn as an asset (and honestly, I’m still learning). But I see at least some of the ways this weakness has strengthened me. It has forced me to live daily in dependent faith on God’s grace. It has heightened my gratitude for those God has placed around me who have strengths where I’m weak. Beset with my own weakness, I am more prone to deal gently and patiently with others who struggle with weaknesses different from mine (Hebrews 5:2). And I can see now how it has seasoned much of what I’ve written over the years with certain insights I doubt would have come otherwise. In other words, I see ways God has manifested his power more completely through my perplexing weakness. The fact that we don’t know what Paul’s thorn was is evidence of God’s wisdom. If we did, we likely would compare our weaknesses to his and conclude that ours have no such spiritual value. And we would be wrong. Stewards of Surprising Talents Paul said that his weakness, his “thorn . . . in the flesh,” was “given” to him (2 Corinthians 12:7). Given by whom? Whatever role Satan played, in Paul’s mind he was secondary. Paul received this weakness, as well as “insults, hardships, persecutions, and calamities” (2 Corinthians 12:10), as assets given to him by his Lord. And as a “[steward] of the mysteries of God” (1 Corinthians 4:1), he considered his weaknesses a crucial part of the portfolio his Master had entrusted to him. So, he determined to invest them well in order that his Master would see as much of a return as possible. If you’re familiar with Jesus’s parable of the talents (Matthew 25:14–30), you might recognize that I’m drawing from its imagery. Jesus has given each of us different “talents” to steward, assets of immense kingdom value, “each according to his ability” (Matthew 25:15). And his expectation is that we will invest them well while we wait for his return. Some of these talents are strengths and abilities our Lord has given us. But some of them are our weaknesses, our inadequacies and limitations, which he’s also given to us. And he’s given us these weaknesses not only to increase in us the invaluable and shareable treasure of humility (2 Corinthians 12:7), but also to increase our strength in the most important aspects of our being: faith and love (2 Corinthians 12:10). But our weaknesses are not only given to us as individuals; they are also given to the church. Our limitations, as much as our abilities, are crucial to Christ’s design to equip his body so that it works properly and “builds itself up in love” (Ephesians 4:16). Our weaknesses make us depend on one another in ways our strengths don’t (1 Corinthians 12:21–26). Which means they are given to the church for the same reason they are given to us individually: so that the church may grow strong in faith (1 Corinthians 2:3–5) and love (1 Corinthians 13) — two qualities that uniquely manifest Jesus’s reality and power to the world (John 13:35). Don’t Bury Your Weaknesses Someday, when our Master returns, he will ask us to give an account of the talents he’s entrusted to us. Some of those talents will be our weaknesses. We don’t want to tell him we buried any of them. It may even be that the most valuable talent in our investment portfolio turns out to be a weakness. Since “it is required of stewards that they be found faithful” (1 Corinthians 4:2), we would be wise to examine how faithfully we are stewarding the talents of our weaknesses. So, how well are you investing the weaknesses you’ve been given?

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