I remember my economics teacher described money as a medium of exchange for goods and services and the first sentence of an article on Wikipedia says: “Money is any object, or any sort of record, that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.”
Great, but when you get right down to it, those explanations do not really give a clearly understandable definition of money and that lack of understanding is what makes a lot of people stranded when it comes to making money or making more money.
Money is value. Simple.
The more of value you can give at a price tag, the more money you have. Let me try to make it clearer.
Lets run back to the days when man was without shoes. Everyone walked around bare-footed, then someone thought and wondered if it would be possible to create something that protects the legs and somehow the shoe as we know it today was invented. Put it together and the shoe becomes value – which is why there are today multi-nationals in the business of shoe making.
When you understand money in this light you suddenly realise that you probably have been running after it in a wrong way – thinking of money as “paper” you should earn more of instead of as value you should provide more of.
To make more of money, look around you and see how you can add value to the lives of people around. Think of products and services you can create that people can pay for at a price tag. Consider the following:
When cars came, people suddenly needed car washes.
As people got busier with their careers, babysitters became needed.
When TV stations sprang up, reporters were needed more.
Computers have made computer game programmers a lot of money.
To earn a lot of money, think about how to add value to people’s lives. It can be as an added value to an existing service or product. Think of paint on the walls of a house. Without the paint, the house will be fine but the paint adds value. There are a load of services & products like this. Or your value can come as a skill that is required by employers etc
Remember, MONEY is value and to make more of it, think value.
