Saturday, August 14, 2010

A Valued Partner

A few weeks ago, a friend and I got an opportunity to spend some time together in a mostly one-on-one social setting, something we did very often but had not had the chance to do in many years. This person and I have amazingly agreed on many topics or at the very least, agreed not to discuss insignificant issues. One topic we successfully seem to avoid is on the value of a spouse. Very few people admit to having selected a partner purely for economic reasons, most confess to being in love but all, in the heat of an argument, will contest financial control. Money is chiefly responsible for the destruction of most committed relationships.

A relationship in which one person collects the money and the other pays the bills, is representative of a traditional marriage in many cultures. However, that statement can also refer to any professional service business such as, a medical doctor’s private practice, where a trained professional delivers a service and an administrator, well, does everything else. A symbiotic type of relationship, where the doctor is dependent on the administrator’s support services and the administrator is dependent on the doctor’s skills.

The success of a law firm, which was built on a trial lawyer winning cases, quickly fell apart when the law partner who was responsible for the indispensable research, but who never entered a court room resigned. This adversity between the two lawyers is similar to many failed marriages, as recognition and respect is sort for each other’s contribution. Cases are won with both research and presentation.

The financial controller and internal auditor in most corporations now reports, like the Chief Executive Officer (CEO), directly to the Board of Directors, indicating the equality of the level of importance of they functions. A marriage like a corporation bring together investors, committing resources (time and effort) to achieve pre-set goals such as, financial growth, children’s development and a comfortable life style. The CEO must keep all functionaries operational, loyal and devoted to realize success, however in most marriages the role of CEO is often confused with financial controller.

A bread winner, who has been employed with the same company or in the same sector and has interacted with the same people for years, can easily mistake work relationships as essential because of the believe, that these are friends. Many people hold on to relationships formed as children are placed together, some work, most do not. A committed relationship, where someone sees you at your very best and at your very worst, is the only relationship that will be there when you are no longer employable or operating in the same circles, when you are no longer in a convenient place or condition, in a position to assist or able to wheel power. If you are lucky enough to have someone to share your emotions with, you must appreciate and value that personal connection, more than strength, skill or intelligence.

What is the financial value of peace of mind?

Rationale

T.A.J & Associates Company Limited uses this occasion to comment on topics that have been covered, both academically and by the mainstream media, to add its opinion and point out investment opportunity, not to invoke any social action.