As we grow up in life, we love to acquire material things and spend as freely as we can. I think there is nothing wrong to buy ,everything we desire in the world, at the quickest possible time.

We grow up as kids and in school ,our needs and desires may be limited to books, toys or food occasionally. Then as we grow as adolescents, our desires grow along with us. We aspire for gadgets and also vacations and drives and so on. Then we want bikes and cars. so our needs and wants grow faster than our human growth.

This is basic human evolution and may be nothing wrong at all. The one thing, which may come in our way ,is the limitation of resources, at our disposal. We depend on our parents and elders, till we are able to stand on our own feet and start earning our livelihood. At this stage in life, we love spending without much thinking.

Then ,when we get our first salary, we feel like going around and buying the world around us. But our limited resources, make us realise that this remains an elusive dream. We look at other friends and relatives and keep dreaming that some day we will able to conquer the world and buy whatever we want from our own earnings, without depending on anyone.

Again this thinking appears rational and realistic. However, the day we buy things from our own earnings without depending on others, we suddenly realise the value of things around us. A simple thing like, we do not want to waste food ,if we have paid for it. We become thrifty and respect the value of earning and spending.

So the simple learning in life could be, that we need to earn before we spend. Some of us tend to live on credit and loans and imagine that some day we will be debt free and let us enjoy today. Some nations have promoted ,living on debts and credit cards. In India, we have always been inculcated to live on our own savings and never on loans.

This learning is invaluable ,when put it into practise. If we are able to put a simple rule, that we will save at least 20% of our earning every month and then only spend the rest, we may realise that we would never live in an illusory world ,ever. If we earn before we spend, we realise the value of everything in life , in a very experiential way.

I remember visiting a music store at least for ten long years, admiring a music system, which I loved ,but could never afford to buy. It took me ten long years before I could save the money and buy it. This made me realise ,the value of everything I aspired in life.

The simple equation for a successful life could to be earn before you spend and save for the future. Another learning could be, to learn to live without debts and loans. The credit cards, is a great innovation but we need to ensure that we never spend more than we can afford and pay the bills before the due date ,always.

Let us learn to earn before we spend from today.

S Ramesh Shankar

4th May 2025