Finance · FORTUNE
Fortune #19
Good fortune
Money needed soon should be available when the time comes. Match where you keep it to the timeline and risk.
QUOTE CARD
A quote for you
“ความซื่อสัตย์สุจริตในขณะตัดสินใจ คุณภาพชีวิตขึ้นอยู่กับสิ่งที่เกิดขึ้นในช่วงเวลาระหว่างสิ่งเร้าและการตอบสนอง”
— สตีเฟน อาร์. โควีย์
นักเขียนและวิทยากรด้านภาวะผู้นำ ผู้เขียน The 7 Habits
- Person
- Stephen R. Covey
- Source work
- p. 167
- Source text
- Integrity in the Moment of Choice Quality of life depends on what happens in the space between stimulus and response.
STORY & REFLECTION
Tuition due next year
Guidance-based illustration · Tuition due next year
Illustrative scene: A parent has tuition money due next year. A friend suggests a volatile investment to grow it quickly, but a loss at enrollment would leave little time to recover.
She separates money with a firm due date from long-term funds and chooses a place she understands that allows timely access. Volatile investing is considered only for money without a near deadline.
The Bank of Thailand advises matching savings to their purpose and timing, with enough liquidity for regular costs and emergencies. A savings plan needs to leave day-to-day cash workable.
The date cash is needed matters as much as hoped-for return.
Reflection
Money needed soon should prioritize access and an appropriate time horizon.
A small action today
Separate money needed within a year from long-term investments.
A question to reflect on
Which sum has a fixed near-term use and should avoid excessive risk?