Personal Financing: the Buddhist Way

Just a nice random little sutra I found in the Pali Canon I wanted to share: the Dighajanu Sutta (AN 8.54).  Here the Buddha is talking to a lay follower, who sought his advice about how to live a life of financial security and happiness.

The Buddha’s advice falls into four, simple no-nonsense categories:

  • Work hard and master an important skill.
  • Store the hard-earned wealth securely to avoid theft or loss.
  • Cultivate good friendships, avoid harmful friendships (that lead to debauchery, drunkenness, gambling, etc).
  • Live a balanced lifestyle; don’t spend beyond your means.

Further, the Buddha discusses how to ensure happiness and security in future lives:

  • Confidence in the Buddha and the Buddha’s teachings (i.e. the Dharma)
  • Living a life of wholesome conduct, including the Five Precepts.
  • Being generous toward others
  • Cultivating wisdom through the Buddha’s teachings.

The sutra finally ends in a nice verse (translation by Ven. Narada Thera):

Energetic and heedful in his tasks,
Wisely administering his wealth,
He lives a balanced life,
Protecting what he has amassed.

Endowed with faith and virtue too,
Generous he is and free from avarice;
He ever works to clear the path
That leads to weal in future life.

Thus to the layman full of faith,
By him, so truly named ‘Enlightened,’
These eight conditions have been told
Which now and after lead to bliss.

Pretty cool sutra.  Enjoy!

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Author: Doug

A fellow who dwells upon the Pale Blue Dot who spends his days obsessing over things like Buddhism, KPop music, foreign languages, BSD UNIX and science fiction.

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