Short Story: Overzealousness destroys practicability

Do not place all your eggs into one golden piggy bank
@innertalks (23734)
Australia
August 14, 2022 8:48pm CST
John Jones had been married to his wife Janet, for forty years. He was ten years older than Janet, and he had retired, while she was still working. They had a joint bank account, and all had worked pretty well with this, for most of their marriage, so far. When, John's old mother died, and left him a large sum of money though, he also deposited this into their joint account. When his tax accountant told him, at tax time, that he had paid a lot of extra tax on the interest in this account now, due to it being a joint account, and the fact that half of the interest had to be declared, and added to his wife's total income pool, for that year. The accountant suggested to John to open a bank account, solely in his own name, to avoid their having to pay this interest next year. And so, John did this, and for a few years, he avoided paying the extra tax, as all of the interest came into his bank account, and as he was not working, he paid no tax on this income. The problem was, though, that John became greedy, overzealous, in his not paying any tax, on his bank interest. He would now also transfer his wife's pay, from the joint account into his own account too, and so no tax was paid on that money now either. Then, John suddenly had a heart attack, and died. His wife found herself with no money in her account. She could not access his account. It would come to her, of course, as a part of his will, but with probate, and other paperworks, it would take at least 3 to 6 months, for this to be done. His poor wife had to try to live on only her salary for all of this time, and she had no access to their other savings, for solicitor costs, and funeral expenses, and other bills too, which John had always paid for her, from his account. A plan had come unstuck. A big problem was caused by overzealousness, turning into greed, and bypassing the practicalityness of the needed situation, or possible future eventuations. Takeaway life lesson from this story: Greed does not care for others, and as soon as you become greedy for avarice, money, or possessions of any kind, you lessen your common sense, your awareness, even your love, for your partner, and the world, putting yourself, and your own needs first, above all else. Step back from greed, and stay with love, and live from the awareness of what might happen, not what greed wants to happen for you. Do not be blinded by greed. Photo Credit: The photo used in this article was sourced from the free media site, pixabay.com Do not place all of your eggs into one golden piggy bank. You will invariably become unstuck, as John did here.
5 people like this
4 responses
18 Aug 22
Sad and unfortunate. I read a book at our local library. The Australian financial adviser, accountant writes, "How to avoid taxes legally (or lawfully)." I think, Johns in our midst are wise stewards of their God-given wealth. Paying taxes is our God-given duty despite our worldly greedy governments squander billions of tax-payers' money on evil pursuits (such as funding abortions, transgender therapy and surgeries, school system promoting perversion on sexuality... the list goes on). I'll look up the book in my home library. He updates his book every year.
2 people like this
@innertalks (23734)
• Australia
19 Aug 22
Yes, if John had of known that he had only a few months to live, he might have had time to transfer the money back to their joint account, but dying suddenly like that, he had no chance. He could have left a minimal amount of a few thousand dollars in the joint account though, just in case, his wife needed access to ready money too.
2 people like this
19 Aug 22
@innertalks Or better yet, written his will as soon as he made the move of legally saving his money from tax.
2 people like this
19 Aug 22
@innertalks This is so sad and unfortunate. I have asked a very close friend about who their solicitor (Christian lawyer from church) is who helped them draw up their will. I do not trust Real Estate Trust companies.
1 person likes this
@Nakitakona (59987)
• Philippines
20 Aug 22
That's greediness to the max. That's too much leaving his wife poorly broke. Anything that's too much is dangerous.
2 people like this
@innertalks (23734)
• Australia
21 Aug 22
Yes, frugalness becomes greed, when overdone.
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@innertalks (23734)
• Australia
21 Aug 22
@Nakitakona Except for in only one case that I can think of. Jesus Christ told us to love God, with all of our heart, mind, body, and soul. We are not to underdo our love for God, but to keep it "overdone" to the max, at all times, loving God with all we have, from all we are, with all of our person, and with all of our strength. We cannot overdo our love for God.
1 person likes this
@Nakitakona (59987)
• Philippines
21 Aug 22
@innertalks You got the point. Anything overly done is bad.
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@Shiva49 (28366)
• Singapore
15 Aug 22
I have heard of some promoting unbridled greed. That wealth is the magic key for happiness. We need to strike a balance and have an overall view so that we do not go overboard like John got carried away. It is not easy though as we tend to think we are immortal!
1 person likes this
@innertalks (23734)
• Australia
18 Aug 22
@Shiva49 Yes, penny pinchers will do almost anything to get their hands on a crooked sixpence. Here, old age people, married for 50, or more years, in their 70's and 80's, get divorced, on paper, so that they can each get a separate pension, which is far more than which the couple pension is.
1 person likes this
@innertalks (23734)
• Australia
20 Aug 22
@Shiva49 At that age, perhaps they really need the money to live on, given the pension gets less and less able to meet the inflation rampant here too. I hope that I never have to resort to those types of under-the-table deals/ways of behaving, though.
1 person likes this
@Shiva49 (28366)
• Singapore
19 Aug 22
@innertalks That is "divorce of convenience". In this case, love could still exist as opposed to a "marriage of convenience" where it is more of love for money! Both are influenced by opportunism.
1 person likes this
@RubyHawk (99367)
• Atlanta, Georgia
15 Aug 22
Very good advice although I don’t believe many people would behave as John did.
2 people like this
@innertalks (23734)
• Australia
15 Aug 22
Thanks. John loved his wife, and would not have wished this situation on her, but he was blinded by his greed, his wanting to make as much interest as possible, from their money, and not to pay tax on it. Perhaps, John didn't expect that he would die so suddenly like that either.
3 people like this
@RubyHawk (99367)
• Atlanta, Georgia
15 Aug 22
@innertalks We never know. We can’t read the future but we can avoid greedy mistakes that will effect our families.
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@innertalks (23734)
• Australia
15 Aug 22
@RubyHawk Yes, we should think of others, in our decision-making, and try to assess possible consequences, from our actions. John should have even asked his wife about this, before just going ahead, and doing it too. We should always involve those that are affected by our decisions in our own decision making too.
2 people like this