18 August 2009

What's your go-kart?

A few words on the true value of money.


Dear Ysak,

One day, your mother and I were snooping around the toy store looking for something to bring home to you. There we saw a nice, sporty-looking go-kart, and we both thought how perfect it would be for you when you're a little older. And so, since that day, we have been saving money everyday so that when the time comes, we can buy that go-kart for you. Our goal is to save 4,000 pesos, because that's how much the go-kart costs. But if along the way we come across a similar go-kart that costs 1,000 pesos, then that will be our goal. Actually, our goal is not to save money, but to get you a go-kart that you can enjoy riding with your friends.

When you become a grown-up, many years from now, like everyone else you will be caught up in the search for money. Because in the grown-up world, you need money to live. When this time comes, I hope you will not forget about how your parents got you your first go-kart. Do not save money for the sake of saving money. Instead, save money for the sake of affording what it can buy. If you do this, it will not matter whether you save 4,000 pesos or 1,000 pesos. What will matter is that you are able to buy your go-kart and have fun with it. When you are already earning your own money, remember to ask yourself this question everytime you count your savings: What is my go-kart?

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