So What Is Money?
by: Remie Longbrake | published: Feb 27, 2019
You see, there are many ideas of what people think money is.
Some say it is a form of measurement.
Perhaps yes, but a measurement of what? Wealth?
In the olden days, people measured wealth by how many cows, sheep and horses they had. Do people measure wealth today by your cows and horses? How about cars? Are your dollar bills sitting in the bank going to protect you if a recession strikes the country? No, wealth can not be measured by the dollar bill.
Some say it is a form of power.
Yes, money can give you power, but if you are stuck on a desert island forever with a trillion dollars, will that money mean squat to you? If someone offered you water and a helicopter to fly out of there, you would trade all your money in a split second, so money is not an accurate measurement of power – it heavily depends on how and wisely you use it.
Many believe it is the root of all evil… and many do take on this belief without much questioning.
However… money is NOT the root of all evil (otherwise, why do you think churches still accept monetary donation and charity?). The love of money is the root of all evil. Remember, money is an excellent servant but a terrible master. If you are trading your life away for the dollar, money then has power over your time and life.
Unless you have proper financial intelligence, the lack of money can spawn a lot of evil thinking and negative mindset as observed through cheats, thieves, criminals, freeloaders, cheapskates, and more to name.
But what is money, really?
Money is an idea, backed by confidence.
While money has naturally been developed by merchants in the older days to replace the questionable barter system, money today is literally invented by the rich and wealthy.
Entrepreneurs are willing to part with their money to buy other people’s time. Other people’s time i.e. employees becomes their employer’s asset and employers your this resource (you) to go on to create more wealth for themselves.
And here’s the thing: as long as you work for money, you are enslaved by it! 80% - 90% of the populations today are being enslaved through this process.
What we may not realize is that there is a part of our soul that cannot be bought at whatever price. Would you chop off your finger if your boss offered you 24 months of your salary immediately? You and I know we are worth more than that. But when you hear of cases of people selling their body parts for cash in some countries it makes us wonder, and for some there is a price.
However, on the other hand, we really DO sell out a part of ourselves for money like a donkey and a carrot.
Now don’t get me wrong: I’m not banging on working at a job. It does provide value, although it isn't entirely providing the most value given your most precious resource, time!
Let’s face it: our needs today are growing more than ever before in any period of history. Prices go up but salaries usually don't improve as much. Most of us work for less then those who did in 1960's due to cost of goods not keeping pace with inflation. There are more baby boomers than ever and many have very little savings to show for their decades of years of work efforts.
And there is no guessing to how many people really, really hate the unhealthy, hectic lifestyle of getting up early, coping with stress for most parts of the day, joining the daily grind, traffic jams, enjoy very little rest, and repeat the viscous cycle over and over.
Definitely doesn’t paint a nice financial lifestyle picture, does it?
The first step to change is to be aware of the problem. Awareness before change is necessary if you are to make any changes in life to start taking control of your financial life and then get out of the rat race. No matter what your financial goals are, it's important to have them and understand what it is going to take for you and your family to survive.
We need the awareness to know what state we are in so we know where we are going.
Time And Money
There are generally 4 types of people in the world:
(1)No time, and no money.
Most employees fall into the category. You can’t go shopping on a Tuesday afternoon or fire your boss whenever you like. Most employees can’t even save money in their saving to last 3 years! When hard times come, financial ruin is a real possibility.
(2)No time, lots of money.
Self-employed, professionals and small business owners are in this category. They are slightly better off than the employee because they earn more, but they have to work even harder than employees to keep up with the diminishing profit margins, competition and servicing their customers. Although this comes at a price, as those in this category tend to work many long hours in their businesses.
(3)Have time, no money.
A lot of farmers, villagers, school dropouts and those in overall hardship have lots of time but no money. Maybe ignorance is bliss, but without a stable source of income, how long can you honestly survive on your own. Of course fortunately the government has systems in place, however it's not free to those paying in.
(4) Have time, and lots of money.
It is the category that big business owners, landlords, investors are in. Imagine, not having to work for money, but having money to work for you by investing them and earning profits by using your money to make money. Few survive in this realm, although it is entirely possible with the right strategy in place. And no you don't need money to make money!
So your question is?
Which one of these categories do you want to be a part of?
Do you want to continue to trade time for money? Do you understand the employee, employer relationship? The employee a tool for the employers wealth. I think most people have dreams to be successful in their own right and you have that right, no matter of your situation. To many of us simply give up because it looks to hard. Question is have you ever tried? If you want wealth, you need to create it. Anyone is capable but few are willing.
Those who are financially independent live differently then those who are not. I'm not just talking about the cars, houses, ect. There mindset is different, especially when it comes to money. Thing is money is a spirtual belief over actual physical content. For most that is probably difficult to understand, but it's true. It is an attraction quality that once inhabited it is hard to stop. Ask many entrepreneurs and they will tell you, they literally don't know where it all comes from. Truth is they are faithful for money, they don't worship it and they establish quality traits to attract it. Some of the more adverse traits involve things like building relationship, leverage their time, and making quick decisions when opportunities are presented.
The challenge is to get you thinking. No matter of your current situation you do have value to add to yourself and the market. You just need to leverage your resources to your benefit. I realize some people just don't want the responsibility and taking action. Although myself, I don't necessarily appreciate those beliefs but I do respect them. I feel we have a responsibility to do the best we can and provide the best lifestyle we can for our self and loved ones. Additionally, we should be inclined to help others as much as possible. For those struggling with money that can be a challenge when there own needs are not being met.
I invite you to think about your overall financial and lifestyle picture. Hopefully this article placed some thoughts in you to understand money, perhaps in way not seen before. There are so many ways to improve your financial outlook. Sometimes it takes someone of the outside to see it in a different perspective. If you want more information, or steps to reach your own financial goals reach out to me.