What is Money?

My question: What is money?

Your answer: ………………………………..

I bet that was a hard question, though it is something you use everyday, right? If you would check the Pocket English Dictionary, money is defined as:

“Something usually or generally accepted as a means of payment.”

But that is not the definition you are looking for, if you want to take the most fundamental step towards taking control of your personal finances – by understanding money first.

Now frankly, I do not know what money is to you just yet. You might treat money as your friend – or you might think it is your enemy because it is evil.

Okay, I will switch the question for a while.

What is a 50 dollar bill to you?

Does it remind you of your monthly bills? Or does it equate to a collection of trading game cards you love to play? Perhaps it means you could buy a new toy for your children (if you have any, of course!).

Hey, maybe it is chance for you to go shopping! Or if you are serious about being in command of your money, 50 dollars can very well spell savings or investing to you. And if there are tasks that you cannot do such as fixing the burst pipe at the kitchen sink, 50 dollars can mean saving you pain by handing the dirty job to a professional plumber!

Whatever a 50 dollar bill or any amount of money is to you, it is easily summed up “an idea, backed up by confidence.” – easy to understand, crisp, and straight to the point.

This explains why some people value very highly of money, some invest it well, and others waste it, in spite of the fact you and I know that the dollar bills are just printed paper coming from the National Bank.

Printed by another guy or not, money is power.