Develop Your Financial IQ
what is money, really?
Money is an idea, backed by confidence.
While money has naturally been developed by merchants in the older days to replace the questionable barter system, money today is literally invented by the rich and wealthy.
Entrepreneurs are willing to part with their money to buy other people’s time. Other people’s time i.e. employees and self-employed people becomes their employer’s asset and the employers this priceless resource to go on to create more wealth for themselves.
And here’s the thing: as long as you work for money, you are enslaved by it! 80% – 90% of the populations today are being enslaved involuntarily.
What we don’t realize is that there is a part of our soul that cannot be bought at whatever price. Would you chop off your little finger if your boss offered you 24 months of your salary immediately? You and I know we are worth more than that. But when you hear of cases of people selling their body parts for cash in some countries, we can have our eyeballs pop out of our eye sockets.
On the other hand, we occasionally DO sell out a part of ourselves for money like a donkey and a carrot.