5 Lessons About Money You Can Learn From Martin Luther King Jr.

Martin Luther King Jr. Day falls on Monday, January 16 this year. It’s more than a day off from work; it’s a vital reminder of our country’s history and how it has shaped us into the nation we are today. This day honors the fact that no matter how much struggle and hardship we may endure, justice and righteousness will always prevail. 

While it’s well known that Dr. Martin Luther King Jr. helped shape the course of history through his fight for civil rights and injustices in America, his life lessons also impart practical wisdom about money that still ring true today. This blog post will look at five valuable lessons about money from one of the greatest speakers and activists there ever was.

Lesson #1: Live Modestly

“Money in its proper place is a worthwhile and necessary instrument for a well-rounded life, but when it is projected to the status of a god it becomes a power that corrupts and an instrument of exploitation.

Martin Luther King Jr. was on a spiritual journey and believed that material possessions were not the key to a successful life. He lived very frugally and never forgot his humble beginnings. He feared that society’s obsession with the almighty dollar would ultimately lead to its demise.

It’s been nearly seventy years since Dr. King voiced his concerns about the damning effects materialism could have on our society, and he was right. In fact, now there’s even a term for this phenomenon. It’s called lifestyle creep, and it happens when someone overspends to the point where they have nothing left to save for future (more important) needs.

Lesson #2: Invest in Yourself 

“The function of education is to teach one to think intensively and to think critically. Intelligence plus character–that is the goal of true education.”

Martin Luther King Jr. believed strongly in education. He invested a ton of time learning about leadership and public speaking to deliver his message with conviction and clarity. We can learn from his example and invest our money into…

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