"Money is any objector record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country.
The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment.
Money is historically an emergent market phenomenon establishing commodity money, but nearly all contemporary money systems are based on fiat money.
Fiat money, like any check or note of debt, is without intrinsic use value as a physical commodity
It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private". Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it.
The money supply of a country consists of currency (banknotes and coins) and bank money (the balance held in checking accounts and savings accounts).Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of the money supply in developed nations. Taken from Wikipedia on MONEY. "
In my view, the biggest game on planet earth that is played by humans is the “MONEY GAME”. The big game played by Universe is the “EXCHANGING ENERGY GAME”. This is a far bigger and much more important game than the human game…. but somehow humans have made the MONEY GAME more important in our world
Money is very simple…. It is “a storage device created by humans to exchange time and energy for something else in at a different point in time.”
What complicates MONEY is all the rules and laws that are created in different environments and varying circumstances. Add time into the equations and Humans have created huge complexities that most human do not understand.
I don’t understand why Humans do what we do for MONEY. I don’t get the need for all the complexity for the average human.
I don’t understand why a small business owner in Taiwan or a journalist in Columbia would ask a pig farmer/business owner from Canada…… “How will the banking crisis affect me?”.
My answer is …..”I don’t know enough about your circumstance to comment”.
Honestly; I don’t see why this is such a burning question for anyone!
I do not have any control on a bank’s business or the greater banking system!
I do however have control on what I can do when given a MONEY PROBLEM!
I always look at the:
CIRCUMSTANCE of the PROBLEM
EVALUATE my POSITION, and;
MAKE DECISIONS to SOLVE the PROBLEM.
I then take my:
TIME and ENERGY to
MONITOR my DECISION
I make sure that I get the best results for my MONEY PROBLEM, making sure I’m
CREATING INTER-GENERATIONAL WEALTH!!!
Okay…. down to the Formula to create MONEY working for YOU and
Not YOU working for MONEY!
This is not my idea and I have heard the formula from many sources. Safe to say, it has been around for a long time and if considered and applied carefully, it can be a G.O.D. (GREAT ORIGINAL DESIGN) principle, as below……
Everything in nature is always designed to have a bit left over to go
INTER-GENERATIONAL
This to “ME” is the GOLDEN RULE…..
IT MUST REPEAT!
When starting to train your MONEY, you must find out your N.P.P.
1. NET : Left after deductions…what belongs to “ME”
2. PRESENT: Right Now…… my MONEY circumstance
3. POSITION: My MONEY situation
Wealth is created by what is left over!
When dealing with “MONEY” in today’s world, it never belongs to YOU!
Money is an exchange device created by Banks and Governments and always has rules around the EXCHANGE. The rules are always about how the MONEY is disturbed amongst the banks/governments and local economies.
Of course it is fair and equitable for all! …………..Not!!!!
It’s now that you must pay attention!
To create a future where money works for YOU!
YOU MUST!
1. Know your N.P.P.
2. Divide your MONEY into 4 piles:
What YOU need to Live on 70%
Savings Account 10%
Investing Account 10%
Tithing Account 10%
STOP! I can hear the pain and excuses from here!!!
WEALTH IS CREATED BY WHAT IS LEFT OVER!!!!!!
In today’s world, we have all been taught to spend our futures instead of training MONEY to create futures.
When you learn to train your MONEY, you will have a say in your future instead of being a victim of
MONEY and DIMINISHED FUTURES!
You may not be able to use the 70/10/10/10 formula right away.
BUT….You must start and start NOW with something!
Even 97/1/1/1 will create a pattern that will allow a change in your Thinking!
Next week, I will show WHY this CONCEPT is so IMPORTANT!
“IS DEBT THE GREATEST OF All WEALTH CREATORS?”
“Until next week, make a Difference”'
SABEF Struggledork
