Thoughtful Ways to Rate Every Money Action Good to Best, Bad to Worst

The most powerful part of Mr. Luo’s assertion is about how we compare our spending to that of others. Clearly, when we do that, the more you spend, the better you look. On the surface.

My Reaction To Mr. Luo’s Writing

Our Money Actions

Here’s a non-exhaustive list of 30 (legal) things we do around money.

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Rating Our Money Actions

The simplest (but less sophisticated) way to rate these actions is by how well (or poorly) they align with who we see ourselves to be – 

 “I’m the kind of person who … money.”

A More Thoughtful Approach To Rating Our Money Actions

For the first, I look at impacts on:

 My present self

 My future self

 My family


 The planet

My Personal Rating Of Important Money Actions

Here’s how I rate several important money actions.




- Bad Debt

- Good Debt

Buy/Spend/Pay (For)

- Bad Spending (A.Ka. Wasting)

- Good Spending

Contribute/Donate/Give/Share (The Last Two Are Not Identical, But Rating Is Similar)

Any amount of money you contribute, donate, give, or share means that money is not available for your present self, your future self, or your family.







Borrowing from scripture again, it isn’t money that’s the root of all evil, as some misquote, but rather the love of money – “For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.” 1 Timothy 6:10

The Bottom Line