Adyar Gopal Parivar
The Value of Money
The Value of Money
and our Adyar Gopal Parivar Convention
By Mohan Shenoy
It is difficult to understand the value of money
for people since the numbers are deceiving. It
is the commodity or services that have values
and not the number of rupees which have to be
paid to buy them. The value of money is in its
power to buy.

    The money which is saved beyond certain
limits in the form of a fixed block changes its
value from time to time according to the price
indices. The amount that is saved for minor
contingencies and spent within a short period
will retain its value because the price of the
commodity or service matches the amount
saved and spent.

The money saved in a fixed block will change
its value after a year or two (most of the time in
the negative direction) because it can buy a
smaller or lesser commodity or service as the
price index rises. This is called inflation or
ballooning. The number of rupees for the same
item balloons.

A young man has many years of life waiting for
him. It is necessary that he factors the number
of years he is expected to live and save money
in a proper manner to provide for his needs in
the short term and long term. An older person
will have a small number of years left in his life
and his needs are limited to the number of
years which remain in an ordinary life span.

I do not have long term needs since the
remaining number of years in my expected life
span are zero or near zero. If I save my money
beyond a year, I am likely to lose its power as
time passes and miss the chance of spending it
for my interests, either personal or societal at
its value existing at the time I acquired it.

I get a pension check every month and it is
unlikely that this income will end at any time in
the future.

    Even then it is necessary for me to live in a
manner that will keep me from creating a
situation where I will suffer if the check stops
coming at a certain future date. At the same
time I shall spend the money from the check
soon enough, so that I enjoy the gain at its

How do I enjoy the amount? Suppose I spend
it for personal luxury then I might get used to a
high style living. I will not be able to shrink my
spending in case the check stops coming. I
should avoid a situation where I might suffer
because the income is not enough for my
luxurious life.

On the other hand if I live austerely, and spend
at a frugal way, but use the extra money for
those things that are not absolutely essential
for my ordinary day to day life, then I will not
suffer badly if the check stops coming.

I will be able to make good use of the money
instantly and at the same time avoid getting  
trapped into a habit of spending a lot of money
for personal luxury as such.

I believe that a man loses his money and
materials upon his death. A dying man will not
have any knowledge about how his money or
other assets are going to be spent or used after
his death. He would not know what actually
happens with the estate he left behind.

If I acquire immovable property it will pass on
to my heirs upon my death. It is not certain how
the heirs will treat the immovable property and
whether they will be able to enjoy what I left for

    If I have movable property left after my death
then also it is not absolutely certain if such
property would be of value to the heirs in the
manner I consider it should be utilised or if they
would be successful in enjoying its real value.
By treating the high income as extra income to
be used for others instantly, I can avoid saving
the money and then die with the sadness of
losing the money upon death.

My feeling is that I should do those things with
the money that will bring real joy to myself. This
matter is individually different. Each person has
some desire to do things which he can not do if
he did not have extra money.

    By living austerely I have created surplus in
my earnings (the check that comes every
month). This austerity is my creation and it will
benefit me by enabling me to live with a small
income. I will be able to spend the surplus
money as I wish.
To Read List
By Mohan Shenoy
Adyar Gopal and Radha Bai
Search site
What my wife thinks

If I save the money or give the money to
Lalitha (my wife)to save, then neither
she nor I would be able to spend it for
our personal joy and satisfaction. She
might not be able to spend her savings
for items that will benefit her because
she has no ambitions to show off her
richness. One of the joys of being rich is
the ability to show it off for every one to

Even if she were to spend the money for
gold jewelery, cosmetics, kitchen
utensils, domestic appliances, cars,
yachts, high rise buildings, two seater
planes, then she can not utilise them
without my help. It is I who will end up
servicing these items for her. You know
very well that I have no interest in these
things. Even to enjoy a good meal in a
posh restaurant, it is I who will have to
escort her to the place. It is unfortunate
that Lalitha is married to an ascetic like
me. I can not change my ascetic nature.
She can not divorce me either, because
it is too late now.

My joy lies in the twin objective of
austerity in my living and joyous
expenditure. One can not live austerely
and at the same time spend his money
for his personal luxury.

Although I have created the parivar, the
parivar is not my primary objective. It is
only a mechanism to spend my surplus
for my pleasure and satisfaction without
losing my austerity. What I do is the
so-called joyous austerity.

One more thing. The Adyar Gopal
parivar is made of people who are not
rich in the sense of the word. They are
all ordinary people. The richest among
them do not attend the meetings. The
others who attend the meeting do not
come there for begging. They come for
some sort of enjoyment that is available
by meeting their relatives and for gossip.
When I hold the lottery it gives some sort
of playful pleasure to all. When I give
away small amounts like 5 to 10 dollars
to students it only gives them the joy of
receiving a gift. The money I give is so
small that it can not sustain them even
for a day. When the food is served it is
only the joy of eating together that is
gained. They do not come there for food
which they would not get elsewhere.

It is sad that Lalitha objects to this
activity of mine tooth and nail. But I am
not perturbed. When I do these things
completely voluntarily there is no
sadness if I miss it for any reason. I am
happy if I can organise a meeting with
the cooperation of Lalitha. But if she
does not cooperate then I do not hate
her for it. I will still manage to get things
done without rocking the boat too much.

The only way to stop her from feeling
bad is to bring an end to the extra
income. But that would be foolish.

The year 2010 Annual Convention of
Adyar Gopal Parivar was held on
Sunday the 1st August 2010 at the Sri
Ramray Kudva Sabhabhavan
(convention hall) located in the Navami
Plaza, Near the Old Bus Stand, at
Moodabidri town. Moodabidri is situated
at about 35 kilometers from Mangalore
City in Dakshina Kannada Dist.
Karnataka State, India.

I am happy to reveal that there were
over 300 members that attended the
function. I think everyone was pleased
with the conduct of the meeting. I was
fortunate to have sunshine on that day
rather than the deluge of rain for the
previous 3-4 days witnessed in
Moodabidri. The sunny day helped the
ladies, the elderly and children who
came to see what this meeting of an
extended family of late Adyar
Gopalakrishna Shenoy looks like.
Compared to the previous conventions
of 2007, 2008 and 2009, the attendance
at the 2010 convention was threefold.

A new edition of "Adyar Gopal
Shakthiphato" book was released on the
day and distributed free of cost to all the
households and some friends.
Yashaswi womanhood awards,
Varapuja of most of the couples and
Student incentive cash gifts were
Family Lines
Public Importance