Hippocratic Finances

in Financial Literacy, Plan

Hippocratic finances would follow  the Hippocratic Oath (taken by Doctors) is Primum non nicer  or in English:

First, do no harm

Hippocratic Oath

Do No Harm

What does this have to do with your financial planning? Any changes you plan on making financially should follow Primum non nocere, just like for the Doctors.

  • Do not harm savings you have built up.
  • Do not harm your long-term plans (whatever they might be).

The one problem with this is you can end up a little too conservative if you live to this credo, but it is something to keep in mind when you feel like treating yourself, if you find some money.

Do No Harm

I think making sure you can stay sane with your finances would be important as well. If you are harming yourself worrying about your money, you are not doing any good either.

Question: How other ways do folks to harm to their finances?

 

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