Is money just pieces of paper passed around as means of exchange for goods and services? What is it that makes money such an important commodity to have?
We have discussed about the attributes of money and effective methods on making money. We learn about how to gain financial freedom and we have looked up all the facts on wealth building that we know. This is beneficial for us but there is one more quality you must know about money-money must circulate.
Money is only valuable when it circulates. What does it matter how much time you spend making money when you're not going to use it? It seems like common sense to most of us; but there have been many individuals who have sacrificed their quality of life on futile wealth building because they do not truly appreciate this truth.
There is a story about a man named Mr. Chapman. He was a junk dealer who would go around the streets collecting old junk people have discarded and selling these things for whatever he can get for them. He never seemed to become rich enough to change the way he lived and eventually he passed away.
Because he had no close relatives and friends nearby, the authorities had to come in his property to take stock of all that he has left behind. You would expect all the old memorabilia and junk from him-but imagine the surprise of the policemen rummaging the place to find boxes and boxes of cash amounting to more than $100,000 in the house.
You would think that $100,000 is the very definition of financial freedom; but not one person could say that the elderly junk dealer was ever a success. He had the dusty money, but because he never used it for himself or other people-the cash was as good as the old cast-offs he used to collect.
This is not to mean you spend all that you earn and live in a foolhardy fashion-- not at all. Money is meant to be used for you to enjoy a quality of life everybody deserves to have. Be prudent in your handling of finances, but never lose sight of the purpose and place money has in your life.
We think that poor Mr. Chapman was a foolish old man who should have known better but really, many people who become rich are guilty of the same crime of accumulating without really using their wealth well. Ultimately, your success lies not in the amount you have amassed-- but by the life you have lived. - 31955
We have discussed about the attributes of money and effective methods on making money. We learn about how to gain financial freedom and we have looked up all the facts on wealth building that we know. This is beneficial for us but there is one more quality you must know about money-money must circulate.
Money is only valuable when it circulates. What does it matter how much time you spend making money when you're not going to use it? It seems like common sense to most of us; but there have been many individuals who have sacrificed their quality of life on futile wealth building because they do not truly appreciate this truth.
There is a story about a man named Mr. Chapman. He was a junk dealer who would go around the streets collecting old junk people have discarded and selling these things for whatever he can get for them. He never seemed to become rich enough to change the way he lived and eventually he passed away.
Because he had no close relatives and friends nearby, the authorities had to come in his property to take stock of all that he has left behind. You would expect all the old memorabilia and junk from him-but imagine the surprise of the policemen rummaging the place to find boxes and boxes of cash amounting to more than $100,000 in the house.
You would think that $100,000 is the very definition of financial freedom; but not one person could say that the elderly junk dealer was ever a success. He had the dusty money, but because he never used it for himself or other people-the cash was as good as the old cast-offs he used to collect.
This is not to mean you spend all that you earn and live in a foolhardy fashion-- not at all. Money is meant to be used for you to enjoy a quality of life everybody deserves to have. Be prudent in your handling of finances, but never lose sight of the purpose and place money has in your life.
We think that poor Mr. Chapman was a foolish old man who should have known better but really, many people who become rich are guilty of the same crime of accumulating without really using their wealth well. Ultimately, your success lies not in the amount you have amassed-- but by the life you have lived. - 31955
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