buddhism advice on wealth (FD18072020-5)

Sigalovate Sutta : The Buddha advice to Sigaloka
this is another potion of wealth information quoted from sigalovate sutta with a bit rephrasing from my own word in between.

Six way of squandering wealth to be avoided:
1. Intoxification will lead to loss of immediate wealth, increase quarrel, suspectibility to illness, disrepute, indecent exposure and weakened insight.
2. roaming in streets at inaapropriate times will lead one and one family property are left unguarded and unprotected, one is suspect of crime, rumors spread and one subject to many miseries.
3. habitual partying will lead one to always seek dancing, singing, music, stories , applause and drumming.
4. compulsive gambling will lead one to winning breed resentment ,loser mourn lost property , saving lost, one word carry no weight in public forum , friend and colleagues display contempt, and not sought for marriage as gambler cannot support a family.
5. having bad companion will lead to rogue, drunkard, addict, cheater, swindler or thug become a friend or colleague (author note: a sure way to have robber and thief taken your wealth legally ;)
6. laziness saying "too cool", "too hot" , "too late" , "too early" , "too hungry" , "too full" and then one does not work. with such a lot of excuses, one does not accrue new wealth and existing wealth goes to waste.

full information on:
www.accesstoinsight.org/tipitaka/dn/dn.31.0.ksw0.html

----------------------------------------------------------------------------------------

according to this website , it mention in commentary 5 reason one is born in poverty and 5 reason born wealthy :

5 reason one born in poverty :
1. arrogance to parents.
2. refuse listen to teacher and elders.
3. lack of diligence in honoring triple gems.
4. thievery
5. accumulated unpaid debt.

5 reasons one born in wealthy and honorable family.
1. compassionate giving.
2. respect for parent and teacher
3. worship of triple gem
4. patience and lack of anger.
5. listen to sutra and vinaya .
the best is to have all 5 virtues but even if practise of even one will keep you from being born in a servile and lowly position.

http://www.mandalamagazine.org/archives/older/mandala-issues-for-1999/may/the-practice-of-ksitigarbha-to-avert-danger-and-purify-obstacles/

---------------------------------------------------------------------------------------------------------

Here is a passage from the Scriptures illustrating the proper Buddhist attitude to wealth:

"Bhikkhus, there are these three groups of people in this world. What are the three? They are the blind, the one-eyed, and the two-eyed.
"Who is the blind person? There are some in this world who do not have the vision which leads to acquisition of wealth or to the increase of wealth already gained. Moreover, they do not have the vision which enables them to know what is skillful and what is unskillful ... what is blameworthy and what is not ... what is coarse and what is refined ... good and evil. This is what I mean by one who is blind.
"And who is the one-eyed person? Some people in this world have the vision which leads to the acquisition of wealth, or to the increase of wealth already obtained, but they do not have the vision that enables them to know what is skillful and what is not ... what is blameworthy and what is not ... what is coarse and what is refined ... good and evil. This I call a one-eyed person.
"And who is the two-eyed person? Some people in this world possess both the vision that enables them to acquire wealth and to capitalize on it, and the vision that enables them to know what is skillful and what is not ... what is blameworthy and what is not ... what is coarse and what is refined ... good and evil. This I call one with two eyes ...
"One who is blind is hounded by misfortune on two counts: he has no wealth, and he performs no good works. The second kind of the person, the one-eyed, looks about for wealth irrespective of whether it is right or wrong. It may be obtained through theft, cheating, or fraud. He enjoys pleasures of the sense obtained from his ability to acquire wealth, but as a result he goes to hell. The one eyed person suffers according to his deeds.
"The two eyed person is a fine human being, one who shares out a portion of the wealth obtained through his diligent labor. He has noble thoughts, a resolute mind, and attains to a good bourn, free of suffering. Avoid the blind and the one-eyed, and associate with the two-eyed."

quote from http://www.buddhanet.net/cmdsg/econ5.htm

-----------------------------------------------------------------------------------------------------------

How should one protect the wealth one has earned?

The Buddha has pointed out that wealth must be protected from fire, floods, the king, robbers, enemies and unbeloved heirs (A.III 259). Two out of these five dangers are natural calamities. The other three arise through human agency. This is where the importance of the second precept is seen. If each individual observes the five precepts, society is to a great deal made secure against infringement of individual rights and a peaceful, harmonious existence is ensured. What the Buddha points out is that ethics have a direct bearing on one's security and happiness.

quote from : http://www.budsas.org/ebud/ebdha049.htm#batt






Author note: this is my own personal view, if you are living in geography area where are subject to danger like typhoon, earthquake, or volcano area and so on, you should also consider life safety other than loss of wealth. (i read that hurricane and typhoon can blow out your house) while electrical item that goes off burning the house i consider that as fire element.

----------------------------------------------------------------------------------------------------


One who gains riches by diligent application to livelihood, and who puts that wealth to good use for himself and others, is said in Buddhism to be victorious in both this world and the next. [D.III.181] When he is also possessed of the wisdom that leads to detachment (nissarana-pañña), when he neither becomes enslaved by possessions nor carries them as a burden, when he can live cheerfully and unconfused without being spoiled by worldly wealth, he is even more commendable.

http://www.buddhanet.net/cmdsg/econ4.htm

------------------------------------------------------------------------------------------------------

The friend who is a helpmate, the friend in happiness and woe, the friend who gives good counsel, the friend who sympathises too — these four as friends the wise behold and cherish them devotedly as does a mother her own child.

The wise and virtuous shine like a blazing fire. He who acquires his wealth in harmless ways like to a bee that honey gathers,[6] riches mount up for him like ant hill's rapid growth.

 With wealth acquired this way, a layman fit for household life, in portions four divides his wealth: thus will he friendship win. One portion for his wants he uses,[7] two portions on his business spends, the fourth for times of need he keeps.

quote from : http://www.accesstoinsight.org/tipitaka/dn/dn.31.0.nara.html


----------------------------------------------------------------------------------------------------------

Although miserliness might appear to be a prudent attitude that assures our material security in this life, from a long term point of view it is very foolish. By preventing the wish to practice giving from arising, miserliness causes poverty in future lives. ~ Understanding the Mind

http://kadampalife.org/tag/miserliness/

---------------------------------------------------------------------------------------------------------------------------------

Those who destroy things or spend money unreasonably , ksitigarbha would talk about retribution of deficiency or complete extinction of the necessitites they seek.

the Sutra of Bodhisattva Ksitigarbha Fundamental Vow

-----------------------------------------------------------------------------------------------------------

V:03 The fate of a stingy rich man (Ananda)

There was once a very wealthy man named Ananda in Savatthi. Although he was wealthy, he was very reluctant to give anything in charity. To his son, Mulasiri, he used to say, 'Don't think we are wealthy. We should not be spendthrift. We should always acquire more wealth. Otherwise our wealth will dwindle away.' The rich man buried five pots of gold in his house and he died without revealing their location to his son.

This man was reborn in a village of beggars, not far from Savatthi. From the time his mother was pregnant, the income of the beggars decreased and they thought there must be an unlucky one amongst them. By dividing themselves up into groups and by the process of elimination, they came to the conclusion that the pregnant woman must be the cause of their misfortune. Thus, she was driven out of the village. Finally she gave birth to a son who was ugly and repulsive. If she went out begging by herself, she would get what she had obtained as before, but if she went out with her son she would get nothing. So, when the boy was big enough, her mother sent him out alone to beg. As he wandered about in Savatthi, he entered his old house in the previous life. When the sons of Mulasiri saw him they were frightened by his ugly looks and ordered their servants to throw him out of the house.

The Buddha who was on his almsround saw the incident and asked the Venerable Ananda to fetch Mulasiri. When he came, the Buddha revealed that the young beggar was none other than Mulasiri's own dead father. But Mulasiri could not believe it. So, the Buddha directed the young beggar to show where he had buried his five pots of gold. Only then did Mulasiri accept the truth and from that time he became a devoted lay-disciple of the Buddha.

http://www.buddha-brothers.com/chapters/chapter-0503.html

------------------------------------------------------------------------------------------------------------

*. avoid taking 5 pungent foods (onion,garlic, leeks,scallions and chives)  as it is said to attract hungry ghost, decrease your wealth as well as you may end up joining the demon retinue.
http://sgforums.com/forums/1728/topics/383989

-------------------------------------------------------------------------------------------------------------

ten good karma of the great one who walk bodhisattva way.
If the following above is follow with giving alms,
- quit killing and give alms , one will acquire wealth that no one can take away. will live long life and not die of untimely death or harm by enemies.
- quit stealing and give alms, one will acquire great wealth that no one can take away. will accumulate their store of buddha dharma.
- quit sexual misconduct and give alms, one will acquire great wealth that no one can take away. their family will be respectable and no one will gaze on their mothers or wives with lust.
- quit false speech and give alms ,  one will acquire great wealth that no one can take away. they will not be slandered by others and will uphold the true dharma. what they do acording to their vow will be fruitful.
- quit divisive speech and give alms, one will acquire great wealth that no one can take away. their retirnues will live in harmony and share the same aspirations without any dispute.
- quit abusive speech and give alms, one will acquire great wealth that no one can take away. multitudes will joyfully take refuge in them and will trust and accept their words without any resistance.
- quit suggestive speech and give alms,one will acquire great wealth that no one can take away. their words will not be improper and will be respected and accepted by others.they will resolve people doubt by skillful means.
- quit greed and  give alms, one will acquire great wealth that no one can take away. will give away with wisdom with all that they have. their faith will be firm and powerful.
- quit anger and give alms, one will acquire great wealth that no one can take away. they will quickly acquire wisdom-knowledge from the hindrance free mind.and their facial features will be attractive, admired and love by others.
- quit wrong views and give alms, one will acquire great wealth that no one can take away. they will always be born in family that have right views and reverent faith. they will see Buddhas, hear dharma, and make offerings to sangha, never losing the great bodhi mind.
quote from: http://www.sutrasmantras.info/sutra27.html

-------------------------------------------------------------------------------------------------------

Patta kamma sutta
http://dharmafarer.org/wordpress/wp-content/uploads/2010/02/37.12-Pattakamma-S-a4.61-piya.pdf
- this sutta has a lot of info about wealth , from five domestic hindrances, what are the four thing hard to get in this world , four spiritual accomplishment  to proper use of wealth and many more.

Prosperity and Happiness The Buddhist View
http://www.budsas.org/ebud/ebdha049.htm
- This page has a lot of short briefing about wealth compile into 1 page

--------------------------------------------------------------------------------------------

Maha-parinibbana Sutta: Lasts days of the Buddha
http://www.accesstoinsight.org/tipitaka/dn/dn.16.1-6.vaji.html

The Fruits of an Immoral and a moral life section which record the buddha teaching says
that if an immoral man, householders, by falling away from virtue  encounter five perils:
1. Great loss of wealth through heedlessness
2. evil reputation
3. a timid and trouble demeanor in every society (be it in noble, brahmanns, householders or ascectics)
4. death in beweilderment
5. after death, rebirth in a misery realm, unhappy state in hell

Five blessings to those householders, acquire to the righteous man through his practise of virtue:
1. great increase of wealth through diligence
2. favorable reputation
3. confident deportment without timidity in every society
4. serene death
5. after death, rebirth in a happy state in heavenly world.