Golden Rule

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Definition of 'Golden Rule'

The Golden Rule is a principle of treating others the way you want to be treated. It is a moral principle that can be found in various religions and philosophies. In the context of finance, the Golden Rule can be interpreted as a principle of fairness and reciprocity. It suggests that you should be fair in your dealings with others and that you should be willing to help others when they need it.

There are a number of ways to apply the Golden Rule to finance. For example, you could:

* Be honest with your financial advisor and provide them with all of the information they need to make informed decisions on your behalf.
* Be fair in your negotiations with creditors and lenders.
* Be willing to help others who are struggling financially.

The Golden Rule is a simple principle, but it can have a big impact on your financial life. By following the Golden Rule, you can build trust and relationships with others, which can lead to financial success.

In addition to the financial benefits of following the Golden Rule, there are also personal benefits. When you treat others well, you feel good about yourself. You also create a positive cycle of reciprocity, where people are more likely to treat you well in return.

The Golden Rule is a principle that can benefit everyone. It is a simple principle that can make a big difference in your life.

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