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Your Profit & Loss Statement

Posted By: Randy GageOctober 22, 2018

Like most entrepreneurs and managers, I get a P&L statement for my businesses every month.  It tracks your sales, important metrics, and lets you know if you’re profitable. 

But what about the rest of your life?

The materialistic society we live in weighs the equation heavily towards gaining wealth as the primary commandment.  Yet most of us know that love, health, and relationships are more important to lasting happiness.  So maybe we need a statement to measure our profitability in other areas.  What do you think?

- RG

5 comments on “Your Profit & Loss Statement”

  1. So very true. I’m sure there are individuals that have made gaining wealth their primary commandment - conceivably their only commandment ... Personally, I can’t conceive of wealth being any more (probably is less) important than love, health, and relationships.

    ABSOLUTELY, I cannot imagine having lasting happiness without one, two, or all of love, health, and relationships being primary commandments - regardless of whether or not wealth is indeed a primary commandment as well.

    So, for sure, profitability with respect to love, health, and relationships needs to be determined ... The resulting statements, IMO, would be much more valuable. Wealth profitability seems straightforward - COUNT the assets. Certainly, it’s much easier to identify wealth assets than to identify assets associated with love, health, and relationships that can be COUNTED. Additionally, there are different types of assets with each of the three that don’t have the ‘equation-like’ conversion capabilities necessary to COUNT ‘apples and apples’ so to speak - WHILE WEALTH ASSETS DO.

    Then there’s this question so important - ar least IMO: What ‘mix’ from the various statements indicates happiness is likely - IF we had the statements? I’ll just share that this very definitely is a PERSONAL CHOICE. Makes sense to me because, for me, HAPPINESS ITSELF IS A CHOICE!!! I’ll suggest that the statements, if we ever got them, provide each of us with information that helps us maintain / enhance our happiness (not whether or not we ‘have’ happiness, again a choice).

    Apologies, if you’ve reached this point, for blabbering on and on and on ...

  2. Fantastic article!! Your last last paragraph reminded me that I always loved the definition that Harry Browne - the ultimate Free-Market proponent - used for "profit" ... "An increase in happiness, the result of exchanging one situation for a better situation."

  3. Your idea meshes with the older concept of "weal" (pronounced "wheel"), which includes overall well-being concepts such as health, life satisfaction, ease of living, and of course financial wealth. I'm on board.

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  • 5 comments on “Your Profit & Loss Statement”

    1. So very true. I’m sure there are individuals that have made gaining wealth their primary commandment - conceivably their only commandment ... Personally, I can’t conceive of wealth being any more (probably is less) important than love, health, and relationships.

      ABSOLUTELY, I cannot imagine having lasting happiness without one, two, or all of love, health, and relationships being primary commandments - regardless of whether or not wealth is indeed a primary commandment as well.

      So, for sure, profitability with respect to love, health, and relationships needs to be determined ... The resulting statements, IMO, would be much more valuable. Wealth profitability seems straightforward - COUNT the assets. Certainly, it’s much easier to identify wealth assets than to identify assets associated with love, health, and relationships that can be COUNTED. Additionally, there are different types of assets with each of the three that don’t have the ‘equation-like’ conversion capabilities necessary to COUNT ‘apples and apples’ so to speak - WHILE WEALTH ASSETS DO.

      Then there’s this question so important - ar least IMO: What ‘mix’ from the various statements indicates happiness is likely - IF we had the statements? I’ll just share that this very definitely is a PERSONAL CHOICE. Makes sense to me because, for me, HAPPINESS ITSELF IS A CHOICE!!! I’ll suggest that the statements, if we ever got them, provide each of us with information that helps us maintain / enhance our happiness (not whether or not we ‘have’ happiness, again a choice).

      Apologies, if you’ve reached this point, for blabbering on and on and on ...

    2. Fantastic article!! Your last last paragraph reminded me that I always loved the definition that Harry Browne - the ultimate Free-Market proponent - used for "profit" ... "An increase in happiness, the result of exchanging one situation for a better situation."

    3. Your idea meshes with the older concept of "weal" (pronounced "wheel"), which includes overall well-being concepts such as health, life satisfaction, ease of living, and of course financial wealth. I'm on board.

    Leave a Reply

    Your email address will not be published.

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

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