Handling Money- Learning from the Titanic (Part 1)

Author // Suresh Padmanabhan
Posted in // Money

Handling Money- Learning from the Titanic by Suresh Padmanabhan (Part 1)

There is a great learning on Money and Finances from the sinking of Titanic. The majestic ship considered as the strongest at that time set course…
No other ship has captured the world’s attention, quite like the Titanic ship. Constructed to be unsinkable, this first class ocean liner set sail on April 10, 1912 on its maiden voyage.
The ship was considered to have been so well constructed it was believed she could sustain any amount of damage and still remain afloat. Little did anyone of the 2228 passengers and crew knew of the big tragedy in front of them. Late on the night of April 14, 1912, the sinking of the Titanic proved this idea wrong in a horribly tragic way. A total of 1,523 lives were lost when the Titanic ship sank like a pack of cards, beneath the ice cold waters of the Atlantic.
As the ship was sinking there was free for all. Each one wanted to jump into the boats and escape to safety. One of the main causes said was the shortage of lifeboats. There were only 20 of them, more could have been accommodated but were not done for it would add clutter and occupy more space.

Countries, economies and individuals seem like Titanic, solidly built. But when things go wrong they all fall like a pack of cards.
Let us see what we can learn from Titanic.
It takes a long time to get finances and wealth creation in place. But when it falls it happens very fast.
The Titanic paid attention to Luxury and is evident in the top first class decks that it created for its rich passengers. Also it could have had more life boats, but did not because it wanted its rich passengers to have more space. Paying attention to the basic security got missed out. When the basic gets missed people pay by their lives.
Luxury and opulence blinds people. On the super highway of prosperity one can miss many vital aspects like the Titanic missed the iceberg. Situations are looming like the iceberg all around and they can hit anyone. The bigger you are the more you can get hurt.
In the money zone stick to basics, like having a solid foundation of savings. Even the tiny ant stores sugar for its bad days.
The west has learnt more of consumption based economy. This has gone deep down as a behaviour for long periods of time. Consumption at times is at a cost of future money, called Debt. This is the biggest iceberg that can topple the strongest country or persons.

When big economies fall what about the poor individual ?

————more in part 2—————–

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Suresh Padmanabhan

Suresh Padmanabhan is an author, a public speaker, a columnist, and the creator of Money Workshop. He is also the creator of amazing workshops like Sankalpa Siddhi, Ancient Secrets of Life and Veda of Life His book I Love Money has been translated into 11 Indian and foreign languages and is an international best seller. His recent inspirational fiction “On Cloud 9" is creating waves all over. He has toured across various parts of the world conducting Money Workshops since the last 12 years. He has spoken to more than a million people worldwide and also to various corporate on varied topics connected with self-growth, money, wealth creation, spirituality, and stock markets. All his workshops and books are in-depth and of full intensity for applying on a day-to-day basis. He loves the wisdom of Ancient India—the rich lineage of Rishi’s, Guru’s, and Masters; feels the completeness in their teachings; and believes that India has timeless wisdom to share to the world. All his works will reflect this philosophy. He is proud to be an Indian and wants the world to recognize the rich heritage of India. His aim is to have impact on millions of people worldwide and raise their level of consciousness in all areas, especially pertaining to Money, Life, and Spirituality.

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