10 Lessons I’ll Teach My Daughter To Be Happy, Successful and Rich.
What is money?
Money is really just a tool of trade. That’s it.
Before money existed, people lived in small villages and to get life’s necessities people became specialists at one or two things and bartered. So a farmer would harvest his wheat at certain periods in the year, and then try to trade it for meat, garments, livestock and other items before the wheat went bad. But what ended up happening was the garment maker may not have needed wheat from the farmer, maybe he needed a chicken. The farmer would need to find someone to exchange the wheat for chickens and get the chicken to the garment maker. Money was created to simplify this bartering arrangement.
Money is a standard of value. Money is a medium of exchange. It equalizes value. Money can also store value. Money is essentially your stored energy.
What we do today when we go to work is we trade our energy for pieces of paper that store value. Make sense?
Now, money is an effect, not a cause. The cause is creating value for the people around you. The more value you can create and add to other people’s lives, the more money that will show up in your life in exchange for that energy expended.
Bill Gates didn’t get as wealthy as he is by creating a useless product. His software revolutionized the world and made computers easier to use and more available.
Money needs to be respected, it only flows to those that treat it well, and money goes to where it’s loved. If you abuse money, you will always be broke.
We need to stop teaching kids that money is evil and that people that have accumulated it did so by wronging others. What kids need to do is hear the message that money is the symbol of productivity and achievement. Success equals money.
Do you think money is evil or good?
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I agree totally with what you say Richard. Money isn’t the root of all evil, money is good! You can do great things with money and that includes help lots of people, and, as you say, you get money by providing value to the marketplace. The problem is we are programmed from such an early age by the media, movies, parents, etc etc to believe that money (and the rich) are bad, that it gets so ingrained into our subconscious it’s difficult sometimes to break free. Look at the lottery winners who lose it all within a year or two. How can we ever get rich if deep down we believe money is bad?
It took me a long time to realise this and it held me back for years, but thankfully I’m getting better and learning that money is a good thing and it’s not ‘righteous’ to be poor.
In fact one of my mentors, Randy Gage, says the best thing you can do for the poor is not be one of them. Now my mission is to teach this to children before they get ‘programmed’ by life.
You can get my take on it here http://www.alfiepotts.com/2010/12/01/are-you-teaching-your-children-that-money-is-bad/
Regards, Mark Hibbitts – Author of Alfie Potts the Schoolboy Entrepreneur
Great comments Mark, thanks tons for adding that 😉