The Understanding of Money
Understanding money is the key to our financial freedom. Money sticks to those who understand it, respect it, and put it to good use. The Federal Reserve is NOT Federal and it does not have Reserves. Currency is not money. What we call it money around the world is not money, it is currency. Real money has value; currency is a promise of value. Fractional reserve banking provides unlimited amounts of currency via loans, Fiat money. We have to pay it back with interest by using our most valuable asset, our time.
1. Real money and currency are tools to serve others.
Time is an even better asset to serve others.
2. We have no control over the value of currency.
Those in control of the supply of currency control the value of our currency.
3. Money reveals our character.
Good people do great things with money and you know what bad people do with their money.
4. Real assets, not currency, have real value.
Assets produce income. The right assets require little time to produce income.
5. Time is more valuable than assets.
Assets are created to give us the time to serve others.
6. Debt is the modern form of slavery.
We become assets to those in control of the value of currency and to real asset owners.
7. Currency does not provide security.
Security comes from the ability to acquire assets that produce a continued supply of more assets.
Is your head spinning yet? You are not alone!
Thank you for reading and reflecting on today’s nuggets.
Be blessed and be a blessing to others
Author of the book Priceless, Co-author of the book Follow to Lead
"The future belongs to those who can see and pursue opportunities before they are obvious."
"Those that take swift action will always leave those that don't breathing the dust."