geriatrix
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Post by geriatrix on Sept 16, 2016 13:46:30 GMT
![]()  By Brian Tracy - www.briantracy.com/ More about Brian Tracy here: www.success.com/article/legends-brian-tracyHow much do you know about money? It's interesting that most people think about money all the time and don't know anything about it. By understanding the history of money you can increase your earning potential by a great deal. There is a secret to being able to earn more… At one time, there was no money, there was only bartering. If you caught a fish, you would trade with a person that had cut down a pineapple from a tree. If you made boats, you would trade with a person taht would build your house for you. Everything was always trading goods for goods. This eventually became really awkward and clumsy, so finally we had to find something that everyone valued. The solution to bartering eventually became money… Things like precious stones like gold and silver or even brass and copper were used as currency for a time. During the early times of the United States, beautiful seashells were also considered to be what is called "a store of value". What does this mean for you? Your most valued financial asset is your earning ability. Now, where does the money come from? What happens is you trade your labor (mental, emotional, or physical) for money. And then you take that money and you buy the results of labor of someone else whether it be at the grocery store or the car dealership or the clothing store. What we do is we trade our labor for money and then we trade that money for the labor of other people. So if you want to be paid more, promoted faster or increase your earning ability, you have to increase the value of the work that you do. The whole subject of inequality is, unfortunately, self-determined. People decide to be unequal to others, especially in earning ability, because they decide to stop learning and growing and becoming better in their field. The thing about money is that you can have all the money you want and earn it honestly by contributing value to other people. By doing things for other people that are valuable, important, and help them get the results they want, and they will pay you for. That is the basis of money. When you start a business, it's very similar. When you work for a company, it's very similar. But money is merely a method of exchange for the quality and quantity of your work which enables you to buy the quality and quantity of work from others.  |
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toetapping
Level 8 DP Minister
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Post by toetapping on Sept 16, 2016 19:57:29 GMT
I love the feel of money not plastic money. I have my housekeeping and I have so many departments I save, wine, dining out etc. It is like a game to me.
Mitch has many a smile but when we want something and I say I have some money in such and such departments he is very happy.
Interesting article on money and glad we are still not bartering.
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geriatrix
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Post by geriatrix on Sept 16, 2016 20:09:53 GMT
glad we are still not bartering Imagine if we had to carry five chicken or a donkey every time we needed a new pair of shoes!  |
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toetapping
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Post by toetapping on Sept 17, 2016 20:04:47 GMT
Yes it would be a bit awkward carry the animals while riding my bike.
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geriatrix
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Post by geriatrix on Sept 17, 2016 20:45:40 GMT
You could ride the donkey on the way to the shoe shop and break in the shoes on the return leg. LOL
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Joey
Service Department 
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Post by Joey on Sept 18, 2016 6:09:16 GMT
Liked the article but some how he doesn't know Pineapples don't grow in trees. I'm skeptical of him already.
Some people still barter. Some farmers trade time working on your farm if you help them on theirs.
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geriatrix
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Post by geriatrix on Sept 18, 2016 9:38:37 GMT
I was very popular in Lebanon due to my function. I was in charge of the frozen meat store and I was always invited to barbecues provided that I brought along a 10 kg pack of strip loin. They even provided an armed escort to make sure that I arrived safe at home afterwards. LOL
I soon discovered that food was an attractive commodity to bargain with. It gave me carpentry services, cement for construction projects and other things that I needed for my team.
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Post by netfreak on Aug 26, 2018 18:00:27 GMT
Bank notes and coins are about to become history. An increasing number of places now only accept cards and bank transfers for payments.
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Post by Fraddy on Oct 2, 2018 6:17:57 GMT
How abouy crypto? It`s also money nowadays. Just interesting. I am currently trading on FX and wonder how far is going to go a cryptocurrency. I am trading at ... and I am interested in buying bitcoin, so it might happen soon.
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Post by rabbitizer on Oct 18, 2018 15:51:57 GMT
In case you wonder what's the difference between economics and finance...
Economics is a social science that studies the production, consumption and distribution of goods and services, with the aim of explaining how economies work and how their agents interact. Modern economics is in fact often very quantitative and heavily math-oriented in practice. There are two main branches of economics: Macroeconomics and microeconomics.
Finance in many respects is an offshoot of economics. Finance describes the management, creation and study of money, banking, credit, investments, assets and liabilities that make up financial systems, as well as the study of those financial instruments. Finance can be divided into three categories: Public finance, corporate finance and personal finance.
Finance typically focuses on the study of prices, interest rates, money flows and the financial markets. Thinking more broadly, finance tends to center around topics that include the time value of money, rates of return, cost of capital, optimal financial structures and the quantification of risk.
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equestrian
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Post by equestrian on Dec 17, 2018 7:14:05 GMT
The history of money could soon come to an end if the plastic card trend continues.
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Post by Joey12 on Dec 17, 2018 9:15:05 GMT
I like paying with cash. It's too easy to overspend with plastic.
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Post by "ROCK" the flamin'cowboy on Feb 16, 2021 11:54:21 GMT
Joey12, equestrian, Joey,Do what you love doing. Become very good at it. People then may want your services. It's better getting paid a little for something you love than a lot for a job you hate. Been there done that never doing it again. geriatrix, toetapping,
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equestrian
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Post by equestrian on Mar 20, 2021 17:36:15 GMT
Increasingly fewer people use cash because of the pandemic.
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Post by "ROCK" the flamin'cowboy on Mar 20, 2021 22:00:34 GMT
equestrian, funny about that because I find I'm using more cash now than before. It will be a sad day when cash is gone. Very sad.
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