MONEY
6 Things You Should Know About Money
We can print as much we want and yet it has no value.
Money Exists To Facilitate System of transfer
What if money didn’t exist? Try to imagine a world without money. We would have to go back to the barter system. But can it be efficient and more specifically how can it solve the problem of double co-incidence of wants.
It means if I want X and I have Y and you have Y and want X. So in the barter system, this would have been a perfect exchange. But these types of exchanges have a very rare chance of happening in the modern world. And money solves that problem. It is nothing more than a medium of exchange for goods and services. Money is something that is needed to run a society and without it, couldn’t function.
What Money Can Give You
Money gives you choices. It also gives you the freedom to do what you want, when you want. It doesn’t give you happiness. What it gives you is more control over the choices you make. Autonomy comes with it. And you become happy because of the autonomy.
Build Wealth with Money
You should understand the difference between debt and equity. And you should know about assets…
