WHAT IS MONEY?

Money, a delicate topic most people are skeptical to discuss.

I have been contemplating on the reasons why our traditional school system find it uneasy to teach their students about it; probably it might be due to the potential harm it can do to the individual who cannot master it.

As the saying goes, “Money is a good servant, but can become a bad master if not kept in good control”.

What I will be talking about in this blog may not be directed to the few people who are conscious about money and know-how to master it. To the majority who are looking for the crack code to master money, you may want to treat this content very important; one you don’t want to miss out on.

Over the years, money has evolved so much.

History of money.

A few decades back in time, some edible foods, namely: Cocoa beans, salt, and cheese were very valuable. These items were used as money back then.

In Eastern part of Africa, salt was the medium of exchange for goods and services, cocoa beans was cherished more in Aztecs and cheese was kept in Italian banks as a money. Although gold was also valuable in some other places, but, salt, cocoa beans and cheese were very popular at the time.

In the 21st Century, the medium of exchange (money) that we are familiar with exist as, notes, coins, digits, and bitcoin.

On that note, here comes my definition for money.

Money is a legal tool (currency), considered as a fraction of wealth, which helps us to get things done with ease.

I appreciate your audience!

Stay tuned for the next blog, where I will take you through the 4 major aspects of money.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: