Balance the financial with the principle of "sufficiency economy"
Nipapun Poonsateansup, CFP® Dependent Financial Planner
Sufficiency economy Is a philosophy that His Majesty King Bhumibol Adulyadej Granted His Majesty the King's guidance to the way of life for Thai people throughout. Since before the economic crisis and after emphasizing the solution in order to be saved and can sustainably and sustainably live under globalization and various changes. Which can be used by people at all levels from the level of family, community to the state level.
“Sufficiency may be a lot. May have luxurious things but must not encroach others Must be appropriately modest. Talk just enough, do enough Self-sufficiency ... " Royal speech by His Majesty King Bhumibol Adulyadej Bestowed on various parties on December 4, 1998, on the birthday of 5 December 1998.
Sufficiency Economy Principles Can summarize out 3 principles that are having moderation, reasoning and good immunity, all 3 of these principles must be based on knowledge. And must have morals.
In fact, the Sufficiency Economy Philosophy is a way that everyone applied and put into action. Because the main goal of the sufficiency economy is for balanced and sustainable development. Financial planning to We can make financial plans according to the guidelines of the sufficiency economy. Because "money is one resource" that we must allocate enough for the present and the future. Financial planning is, therefore, a matter of financial balance. In order to have money to spend both today and tomorrow. For sustainable wealth creation for long-term goals and for a stable retirement. We can apply the sufficiency economy philosophy to financial planning as follows.
By all the above financial planning must be based on knowledge, prudence, caution, and morality as an important basis for decision making, including honesty, patience, never discourage obstacles. Use intelligence in life, not greedy and not too stingy.
In short, if we live our life based on the sufficiency economy philosophy inevitably makes decisions in various matters prudent based on reasonableness and immunity to reduce the risk of living.