“An investment in knowledge pays the best interest.”

– Benjamin Franklin

I wasn’t sure if I was going to start off with a quote because most quote won’t completely encompass what I’m going to talk about this one comes close enough.

You see, I grew up between the financially literate and illiterate and while I’m not a millionaire yet my finances aren’t bad. It could be better but overall, I’m grateful that I’m in a decent position. I believe that the reason I’m in a decent position is my perspective of what money is.

In many ways, we can have an understanding of what money is based on how we speak about it. For example, when money flows freely and can move easily, it is considered liquid. If you really think about it, money is similar to actual liquid like my favourite; water. It is malleable as in it fits into any form you wish it to become. Some people imagine it to be numbers in a digital account while others imagine it to be physical property like real estate. This is why it is considered a unit of account since it is easily divisible to fit into what is necessary.

However, a majority of masses don’t have this perspective, they have a narrow perspective of what money is. For consumers, they believe that money is a medium of exchange but the focus is on one end of the exchange; the spending end. To them, it is to used to purchase goods and services and there are only a few ways to acquire it. These ways are to work for it, get it from government benefits or win it from gambling. Very rarely do people believe that money can be acquired in any other way.

The rich, on the other hand, believe that money can grow in the form of assets such as stocks, bonds, real estate and by having one’s own business. By making informed decisions, they’re able to make calculated decisions to buy things that grow in value over time. That is because they know that money isn’t only a medium of exchange but a store of value. Where and how money is stored changes over time based on the world’s perception of what it is invested in.

Unit of account, medium of exchange and store of value are all what the function of money is. It is also, in my opinion, perspectives on how money can be used. I believe a lot of people have variations of these perspectives as if it were on a spectrum and the more we understand what money is, the easier it is for us to acquire it, keep it, grow it and direct it.

In a previous post, I stated that I believed, like some, in the perspective that money is energy. It flows to where it is allowed, accepted, wanted and directed. It goes in and out of systems that utilize, store and manage it easily. You may be thinking of systems on a macro scale or companies but individual humans may also be considered systems. Each and every individual person has their own way of handling and dealing with money based on how they were taught along with their mindset, principles and habits.

In this perspective, if you want more money, than it is best to become or create a system that is able to accept money, hold it if necessary and distribute it to things that provide you with a return. This is the point of a business, it is a system that is supposedly able to accept money in return for a service or a product but a lot of people also do this with their time. Now, if you want a lot of money, than the service you provide must be greater value than the money you are currently receiving. At the same time, there must be a channel for the money to flow to you. Channels could be products or service and more recently content. If there isn’t a channel than it doesn’t matter how good the system is because there is no way to receive money.

If you’re reading this now, I hope you stay with me along this journey to watch this blog become a successful system.

Until next time, thanks for reading!