You Want Wealth not Money
Making money and enjoying wealth are two very different things, yet far too many of us associate the two as being the same thing. If your goal is to create wealth for yourself, it will help you to understand what wealth looks like. Wealth is ancient whereas money is actually a rather new invention.
Wealth is the things you want – clothes, food, houses, travel to different places, cars, gadgets, and on it goes. Many people don’t realize that you can have wealth and not have money. If you had a piece of technology that could create your every whim on demand, you could create a car, a yacht or whatever your desire was without ever having money. If you lived in the farthest corner of the planet in isolation where there was nothing to purchase it wouldn’t make any difference the amount of money you have.
Wealth is about what you want, not about money. So why do we all focus on money then? That’s because in our modern world money is a way to get to wealth – they become interchangeable. It gets even more complicated because when we discuss ‘making money’ it becomes more difficult for most of us to understand how to make money.
Money is actually a side effect of a world that has become very specialized. For example, in our specialized world, you might need paper but you don’t have the tools to make it. You might need a place to live but you have to acquire that from someone else. If you want you must buy your food from someone else. Therefore, you need a way to be able to obtain those goods and services from the other person.
In the past, the barter system was used. But then life was much simpler. You might have grown potatoes and your neighbor might have had wood. You would trade potatoes for wood. You would then trade potatoes for carpenter skills and that’s how wealth was built back by our ancestors. However, problems arose when you had potatoes (or whatever your commodity was) and the other person didn’t want what you wanted or need. That left you having to trade your commodity for something the other person wanted and then you could trade with them. We’ve simplified things in the modern world. We now use money, which is the medium of exchange. This allows trade to work effectively and for people to acquire wealth faster, because you essentially have streamlined the process. So you see money is only a tool to get wealth, which can be built many ways.