Explanation in the Saying of the Sages
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Question
Hello, honorable Rabbi, I have a question. It is written in Tractate Bava Metzia, page 42a: "Rabbi Yitzchak said: A person's money should always be readily available, as it is said: 'and bind the money in your hand.' And Rabbi Yitzchak said: A person should always divide his money into three parts: a third in land, a third in merchandise, and a third in hand." I wanted to ask what this means and how one should act according to this?
Answer
Hello and happy Hanukkah
This is guidance on how a person should manage their money.
A third of the money should be available for occasional business. A third is invested in land, and a third is invested in goods.