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The benefits and downfalls of greed and selfishness in the world

  • Greed is a desire to have more of something than you need;
  • This is actually not true, and financial guru Robert Kiyosaki has devoted a one-hour radio show on this subject that is well worth listening to;
  • However, for others, it may be something smaller that leads to the poor house;
  • Avoiding Generosity There is a misnomer that every rich person is greedy, and every poor person is not.

It conjures images of fat cat CEOs hoarding millions, while their workers earn minimum wage. But although Ebenezer Scrooge and his ilk are portrayed as misers with serious money, greed can sometimes make you poor. Here are six examples of the way greed can eat away at your pot of gold.

Examples of Greed

Wanting It All Not content with their lot in life, some people look at all those things they could have that make life even better. Or so they think, anyway. The 80 inch flat screen TV. Sadly, all those expenses have to be paid, and it can lead to crippling credit card debt, loans that cannot be paid back, and the eventual loss of everything to pay back creditors. Happiness from those items is fleeting anyway. Living to Excess More wine. When greed manifests as the intense and selfish desire for food and drink, it can lead to a plethora of health problems.

And as we all know, health care can be very expensive in the USA. While there are definitely other factors involved, including depression and other mental health issues, greed can contribute to a whole host of health problems from drug abuse. Recovery can be costly. And then there are the other problems stemming from an excessive lifestyle, including time taken off work, a lack of drive or motivation, and the sheer expense of maintaining that kind of diet.

  • Greed is a desire to have more of something than you need;
  • Gambling Away Everything You know the stories;
  • A person who steals the Christmas decorations that his neighbor put out because he wants them but doesn't want to buy them for himself;
  • Having a generous spirit, and giving back to the world, will pay dividends.

Breaking the Law Greed can make people do some strange things, which leads to committing unlawful acts. This does not mean they go out and rob banks, or scam people out of their savings online.

  • A person who refuses to pay his income taxes that he is required by law to pay because he wants to keep more of the money he earned for himself, despite the cost to society as a whole;
  • A person at work who takes credit for the hard work of others and who takes a larger share of the bonus money or prize for sales, even if he didn't actually do anything to earn it.

And then, they get caught, and face a prison sentence and a career in ruins. One example is Scott London, a once successful audit partner at a huge accounting firm. London decided to start selling sensitive information about some of his clients to a friend. However, for others, it may be something smaller that leads to the poor house. Cheating on taxes, even just for a few bucks, is a federal offense. And shoplifting as little as three belts, or a couple of jerseys, has landed people in prison for life.

Avoiding Generosity There is a misnomer that every rich person is greedy, and every poor person is not.

6 Ways Greed Keeps You Poor

This is actually not true, and financial guru Robert Kiyosaki has devoted a one-hour radio show on this subject that is well worth listening to.

The basic idea is this: Having a generous spirit, and giving back to the world, will pay dividends. Investing in people, and in projects that have real potential, will reap rewards. On the other hand, hoarding your possessions, never giving to charity, and stockpiling wealth is not a positive way to manage money. Being generous, and doing good, can build much greater wealth than saving every penny and watching it grow a few percent a year in a bank account.

Gambling Away Everything You know the stories. Gambling can bring people great wealth in just a few seconds. Couple gambling with greed, and you have a recipe for tragedy just waiting to happen. Win or lose, they walk away.

A win becomes an adrenaline rush. They want to see the dollar signs multiply. And in some instances, it keeps people in poverty. From the greedy politicians who take cash to vote against the public interest, to the outsourcing of jobs to other countries, America has a serious greed problem. Many of us feel it a little, here and there.

Of course, the massive financial meltdown in 2008 was also caused by massive greed, and that impacted millions of homeowners and led to bankruptcies.