Don't teach your children to pursue money, teach them to pursue happiness.

Mr. To Chinh Nghia shares about true prosperity for the family - Photo: T.DIEU

It seems absurd that Mr. To Chinh Nghia, former CEO of Samsung Vina Electronics North and Central, a businessman, advises people not to pursue the goal of becoming rich in money.

It seems even more confusing when he shared this at the book launch of The Prosperous Family by James E. Hughes, JR., Susan E. Massenzio, Keith Whitaker, recently published by Dan Tri Publishing House and Times Biz, BeaconMedia.

The book launch talk was one of many discussions taking place throughout June 29, within the framework of the Family Culture Festival organized by Science and Times Publishing Joint Stock Company (Times) at the Vietnam Women's Museum.

Prosperity does not mean money

According to Mr. Nghia's explanation, his advice does not contradict the common goal of many people, which is to achieve prosperity and wealth for their families.

However, it is necessary to understand the words prosperity and wealth correctly.

Mr. Nghia believes that when we are financially free, we should look at family values ​​as longer-term and more valuable than just money.

Financial capital then should only be a means to our ultimate pursuit of quality goals, which is the understanding and practice of a better life.

As the author of the introduction to the Vietnamese version of the book Prosperity of the Family , Mr. Nghia is very fond of the concept of prosperity that the three authors put forth in the book. Prosperity here does not mean money.

Money is only the fifth least important part of happiness.

Prosperity is a concept that includes different sources of family capital: human capital, heritage capital, relational capital, structural capital and social capital, combined with quantitative value: financial capital.

Accordingly, true and complete prosperity is happiness. Complete prosperity goes beyond mere money.

To maintain long-term prosperity for the family, it is necessary to make family members become better financial managers.

But it's not the main issue. It's only one-fifth of the task, and the fifth least important part of being happy.

Therefore, Mr. Nghia gives advice: teach your children about the goal of happiness - complete prosperity, don't just teach them about the goal of making money and getting rich.

Financial capital is just a means to pursue other ends, such as safety, comfort, health, meaningful experiences…

Qualitative capitals such as human capital, heritage capital, relational capital, structural capital and social capital are both means and ends. They are what drive true, holistic prosperity for your family.

Source: https://tuoitre.vn/dung-day-con-muc-tieu-kiem-tien-hay-day-con-deo-duoi-hanh-phuc-20240629204154553.htm