50 - Thriftiness
As a wise leader, it is important to manage money and resources carefully. Be prudent with them and show good judgment and even restraint. The key to being "thrifty," as opposed to frugal or sparing, is managing the resources. Show careful consideration to how things are utilized and seek to optimize and use them to their best advantage. Do not be extravagant for everyday matters of business or personal accounts by spending what is unnecessary. Rather, be insightful with your resources and even show practical cleverness in your judgment of usage and application. Show appreciation for all you have and those who contribute to you or your business.
Characteristics of Thriftiness:
- Wisdom. Careful thought must be used in the management of professional and personal resources. Going beyond book sense, you must be clever and astute in financial and resource decision-making. Consider all information possible and the potential for resourcefulness in the application of items, almost as if you have inside information regarding them. Be alert and even tactical to bring about a desired result under your present circumstances. Take advantage of your years of experience and apply this wisdom to problem-solving and resource utilization.
- Management. As a leader, developing keen management skills for all aspects of your business, including dealing with personnel, inventory, projects, time, and finances, is vital. You need to grow skillfully and efficiently, having the ability to negotiate, regulate, and sometimes properly maneuver situations to your advantage, all while being ethically aligned. It is important to cultivate this valuable skill continually.
- Cautiousness. When it comes to managing money and valuable resources, including people, you must show close attentiveness to avoid potential dangers or misfortunes. Be conservative in delicate situations and carefully consider all possibilities before making changes or significant decisions. Take the extra time to proofread your work and be vigilant with thoughtful consideration before reaching a conclusion.
- Conscientiousness. Leaders must be guided by a sense of right and wrong, aligning with their values and beliefs. Be honorable by using your code of ethics in consideration of matters of money and resources. Your duty as a leader is to take great care and effort in your decisions. Be scrupulous as you are mindfully aware.
- Obedience. Show integrity by being obedient to your moral standards. Trust that your conscience is aligned with your values, and let it obey its guidance. Always do the right thing, especially when you think no one is looking. You are accountable for every decision you make, in one way or another. Someone is always watching.
- Determination. Be determined to preserve the valuable resources in your charge and under your care. Whether people or money, respect and value them all, making careful and wise decisions. Do not yield in your determination to be resourceful; always be relentless in your purpose.
- Education. Always take time for education. Along with wisdom, knowledge is important to aid in options for thriftiness. Be aware of alternative methods for more efficient results. Learn from experience and observation. Read daily and be open to new ideas and intuitive insights from others. There are numerous ways to be thrifty while resulting in great and prosperous outcomes. Educate yourself on how to obtain the most value from the smallest quantity.
- Respect. To exhibit thriftiness, you must have respect for money, resources, and the people involved. Respect them enough to use them wisely and effectively, appreciating their contributing value. Hold the limited amount of time available in high regard and do not waste any of it. Value the talents and abilities of others, and do not hesitate to acknowledge and show gratitude for these gifts and their offering.
- Appreciation. Appreciate everything you have. Be thankful for others, especially as they contribute to your effectiveness. Never overextend their offerings. Acknowledge their service and expertise, always giving recognition where it is due. Appreciate your provisions, and give thanks for all of them. Be creative with what you must work with, and repurpose what you can, avoiding unnecessary waste.
- Awareness. Be aware of what you have. Know your finances and how much your inventory is worth. Keep good records and pay attention to details. Be mindful of the needs and resources regarding your professional and personal life. Use only as much as is needed and preserve what is left. Be aware of your surroundings and gain a strong understanding of it all. This way, you will better manage your assets and avoid wasteful applications.
“A man’s treatment of money is the most decisive test of his character – how he makes it and spends it.”
“Earn all you can. Save all you can. Give all you can.”
“A fool may make money, but it needs a wise man to spend it.”
“Waste is worse than loss. The time is coming when every person who lays claim to ability will keep the question of waste before him constantly. The scope of thrift is limitless.”
“Industry, thrift and self-control are not sought because they create wealth, but because they create character.”
“Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much.”