“Give a man a fish, and he’ll eat for a day. Teach a man to fish, and he’ll eat for a lifetime.”
I’m sure many of us have heard of this quote before and think of it off as “Yeah yeah don’t spoon feed people blah blah blah”. But what’s powerful about this quote is that it can be used in the context of any problem, especially money problems. Now you’re reading this article to find out why is the title as such. Before we dive into that statement, we need to find out the reason why the problems happen in the first place.
There are many different reasons why people face problems with money but there are 2 main categories – Unforeseen Circumstances and Bad Money Habits.
Money don’t solve money problems simply because it’s not really a “money problem”. It’s a behavioural problem that if dealt with correctly can solve “money problems.” For the 2 reasons why people have money problems, let’s see a scenario for each.
Scenario 1: “Alice was involved in an accident. She couldn’t afford to pay the $5000 hospital bill. Someone offered to pay the bill for her. After that, she went on her life as per normal. The year after that, her kitchen was caught on fire. She now couldn’t pay to rebuild her kitchen.”
Scenario 2: “Alex loves to shop. In a year, he used his credit card to shop and raked $3000 in debt. He begged his friend to help him pay off the debt. His friend, not wanting to ruin their friendship, helped him. The year after, he continued his shopping lifestyle and now has $5000 of debt.”
Now do you see how money problems can go on and on without ending?
Being handed a lifeline can be a morale boost for some people. It could help motivate them to be better at how they manage their money. So don’t think that money can’t solve all your problems. I’m sure we will all grab onto any opportunity of getting free money!!
It is important to know when we have a problem with our habits and to acknowledge it. The faster you acknowledge it, the faster you can look into becoming someone better with money. You can be someone earning a million dollar each year but if you spend a dollar more than a million each year, you are going to have problems! Read up articles online, watch YouTube videos. There’s no such thing as a one-solution to all of these. To end off, here’s a quote from Trevor Noah (TV Host):
“People love to say, “Give a man a fish, and he’ll eat for a day. Teach a man to fish, and he’ll eat for a lifetime.” What they don’t say is, “And it would be nice if you gave him a fishing rod.” That’s the part of the analogy that’s missing.”
And this blog post and the other posts are my fishing rod for you. Use it wisely!
Foroux, D. (n.d.). [Untitled illustration of a man fishing]. Darius Foroux. https://dariusforoux.com/self-reliance-certainty/