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Save Money - What is Money?
Save Money - What Is Money?
- Some say it is the root of all evil
WRONG! Money is NOT the root of all evil: The love of money is the root of all evil. Remember the quote at the beginning of the book – money is an excellent servant but a terrible master. It is no wonder why people find it hard to save money – because they abhor it in the first place (that’s why they never keep any). If you do nothing but work 9-5 without any direction, you are definitely letting money control your time. Why not let your time control your money instead? In fact, I would even go as far as to say that the lack of money could be the root of all evil! This actually spawns negative mindsets as it is responsible for many broken marriages, crime and temptation. When people are hungry, they might steal food. When money is completely scarce, a person’s ideas towards money and life will be completely warped. - Some say it is a form of measurement.
What is your idea of money? Is it used as a form of measurement between two people’s net worth?
Perhaps – in an arbitrary sense. Remember this point – wealth tends to shift. There is nothing constant about wealth if you don’t do anything about it. You could be a millionaire today and a popper tomorrow. It is evident in the currency exchange, the fluctuation of property values, stock market and FOREX, the price of gold and even the number of cows and sheep you own (in certain parts of the world). Just because you don’t have any ‘physical’ cash doesn’t mean that you are poor. We have a brain. That brain is the source of ideas used to generate money making opportunities. I will illustrate some examples the later chapters. - Some say it is a form of power.
Money can give you power but only in a relative sense. Take for example, if your net worth is in the form of shares, you will have a certain amount of power over the company’s operations. In other words, you could dictate the future outcome of more money flowing into your pocket. But that kind of power is temporary. What if you are bought out or someone else becomes the majority shareholder? You would lose power immediately – therefore, money is relative! How about if were stuck on an island with a valuable treasure chest worth millions but you can’t do anything with it. You can’t even get the heck of the island. What power do you have now? Here’s the truth… Money is an idea, backed by confidence. Money is the natural progression of societal development. It is a form of barter – something of value used to trade with something else in return. It makes the relative value of worth measurable AND MORE! Look at it this way – some would pay thousands for a seat at the front row of a Britney Spears concert but wouldn’t even pay a few bucks for a hot dog or a newspaper. Do you see the idea? It’s all about PERCEIVED VALUE. You can put a price tag on literally ANYTHING - Prostitutes are willing to exchange their bodies with it
- Employees are willing to trade their time (and some, their youth) for it
- Rich people are even willing to trade money to BUY their way into heaven (depending on some religious organizations)
But, most entrepreneurs are willing to trade their MONEY with other people’s time INCLUDING paying others to manage their money for them. The most important thing you must remember concerning saving money is this: There is no such thing as not having enough money to save. The first step towards saving money effortlessly is to realize that money is merely an idea. Changing our mindset towards money is the key towards money mastery. It’s all about YOU!
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