MONEY WISDOM

Christmas reflections on the vanities of life

Some of them include not focusing on the temporary but on the more permanent instead

    • As you celebrate Christmas, consider these questions: what trophies are you holding on to today? What are you focusing on that is temporary? What needs to be changed to focus more on the permanent?
    • As you celebrate Christmas, consider these questions: what trophies are you holding on to today? What are you focusing on that is temporary? What needs to be changed to focus more on the permanent? PHOTO: ORCHARD ROAD BUSINESS ASSOCIATION
    Published Mon, Dec 23, 2024 · 06:04 PM

    THE celebration of Christmas is often associated with Christmas trees, snowmen, roast turkeys, mistletoes, log cakes and Santa Claus on his sleigh pulled by his 12 reindeers (none of these are biblical by the way). But these and many other things you may see walking down Orchard Road have nothing to do with what the holiday is really about. Christmas is the celebration of the birth of Jesus Christ. To Christians, it is the birth of God incarnated.

    Imagine you were invited to Jesus’ birthday party, where he will be asked to share his money wisdom as part of his birthday speech on Christmas Day, what do you think he will say? Well, he has said many things about money in the past but looking at the world today, I am guessing that he may repeat what he said on top of a hill in northern Israel more than 2,000 years ago.

    “Don’t hoard treasure down here where it gets eaten by moth and corroded by rust or worse! stolen by burglars. Stockpile treasure in heaven, where it’s safe from moth and rust and burglars. It’s obvious, isn’t it? The place where your treasure is, is the place you will most want to be, and end up being.” Matthew 6:19-21, MSG

    I believe that there are many money (and life) lessons here in this message for us to learn this Christmas, even if you are not a Christian celebrating Christmas. I will just share three of them.

    Do not focus on the temporary

    Over the past decades, I accumulated many trophies and medals from the sports that I participated in my younger years, from when I was in the army and from my short stint with an insurance company. These trophies followed me when I moved house three times and even though it occupied a lot of space in my storeroom, I could not bear to throw them away. But two years ago, I had to clear my storeroom to make space for more important things and so I decided that it was time to get rid of them. I took some pictures, put them in some boxes, took a last look, sealed the boxes and threw them away. Till today, I do not miss these plastic/metal wares.

    In the passage, “Hoarding treasure down here (on earth) where it gets eaten by moth and corroded by rust or stolen by burglars” is a metaphor that means accumulating things that are of and for temporary value. And so the “treasure” here is not just referring to the material possessions in life but accumulating these materials things for no worthy purpose. My trophies are examples of such treasures. For others, their trophies can be job titles, more money, larger houses, bigger cars, branded bags, expensive jewellery and watches, and even our children’s academic achievements.

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    Focus instead on the more permanent

    For Christians, “heaven” in the passage refers to a place of eternity where they are certain that they will go after this temporary life on earth. But for non-Christians, you can take “heaven” here to symbolise things that are more permanent, more valuable. Some examples would be building meaningful relationships, creating beautiful memories with others, contributing to the community, leaving a positive impact on others, and engaging in acts of kindness that will have lasting impact.

    Basically, living a daily life that is worth living. The Japanese call it ikigai.

    So, while the desire to do better in life and wanting our children to do well academically are not wrong in themselves, we need to ask ourselves what the motivation is. Do they contribute to our ikigai or are they simply trophies to satisfy our own vanity? For me, I will be honest to tell you that I only saw the trophies as reminders of my past success. It was my own vanity. I did not use much of it to live out my ikigai.

    What you focus on is who and where you will end up being

    Because what you focus on is where your treasure is. And like what the message says, “It’s obvious, isn’t it? The place where your treasure is, is the place you will most want to be, and end up being.”

    When we focus only on the material possessions in life that has no ikigai-value, we may end up becoming a person who loves things and uses people, instead of using things and loving people. We become self-centred rather than other-centred. We may end up making career and money decisions that are not best for ourselves and people around us in the long term. Is this who and where you want to be?

    Two years ago, a family member became extremely ill and needed daily peritoneal dialysis. I threw away my useless trophies to make space for the monthly supply of the dialysis solution as well as the necessary medical accessories. Kidney dialysis patients go through many difficulties daily. Dialysis doesn’t make them better. It simply sustains them with the hope of a transplant one day. They have shortened life expectancy, and the average waiting time for a transplant is nine to 10 years in Singapore. Many do not live long enough to see this day.

    Throwing away my trophies was not just literal, it was also a symbolic act that represented my resolve to not focus on the vanities of life but on caring for my loved one. Nowadays, instead of just going for one holiday a year, I try to go for four. It costs me more money and takes away time from work. But knowing that one day, my loved one might not be able to travel much anymore, makes this life decision more important.

    So the money wisdom shared here is to not put our time, money and energy on things that are temporary and of lesser value but instead, invest in things that are more permanent and valuable.

    As you celebrate Christmas, consider these questions: what trophies are you holding on to today? What are you focusing on that is temporary? What needs to be changed to focus more on the permanent?

    Have a blessed Christmas and happy 2025!

    The writer is CEO of Providend, South-east Asia’s first fee-only comprehensive wealth advisory firm

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