What is

What is Money?

Money…

I have heard people saying money can’t buy everything. Ok Boss.. I agree.. But without money you can do nothing. Hard but true. Normally the people who say “Money is not important” or “Money can’t buy every thing” are either already have lot of money or the people who don’t need money. As far as a normal people are concerned Money b

ecomes very important and integral part of his life time.

So people work to earn money... They can work as a Salaried employee where he earns a regular but fixed amount of money or do their own business where the income may not be regular but at times may be more than what a normal salaried employee earns and so on.. There are many ways to earn money and of course we have to consider only legal ways though.

Normally money is one of the ways to measure one’s success or failure. If you have earned enough money to spend on yourself and people around you, you are said to be successful (in most cases though) and if not... Otherwise….

But we have to emphasize on the fact that all the people who earned money are successful. Most people earn money only to loose them and come back often to the point where they started or even go backwards.

It is as hard to manage your money as you have earned. Or I can even go ahead a step and say it is very difficult to manage your money that earning it. I have seen many people who earn a lot and spent a lit bit more than that and end up in debt.

Money can take different states and forms such as money can be in your bank as a liquid asset, or it can be in equity market as an investment as shares or funds or it can be as a property such as real estate property, vehicles and other immovable assets.

Money making is a kind of ART and it requires lot of skills and ability to create a lot of wealth to sustain its creation over a period of time. But once you succeed in this art, you are more likely to lead your later part of life as you wish without much trouble and your hard work to create the wealth will take care of you from there.

So, Now how to do that?

It is quite a tricky question as it depends on person by person basis and it is very difficult to pin point some steps to become rich or say “Make money In 101 ways/days or what ever”. A strategy for making money can work for one person and the same strategy may cause a person to loose money. But if you get the basics right, you can make money in strategy designed by yourself.

Money can’t be created or destroyed…. It can be converted from one form to another (Yes, It sounds something similar to some physics law)

How is it possible?

Yes, it is true… Say you are a salaried employee and you earn some X amount as salary... Here the money you have invested to gain knowledge is converted into some other form which generated money for your company and it has returned (sadly only a small part) to you as a compensation or salary. Then you spend that money to buy a car, So the money is not converted into an asset. Or if you buy some funds from the salary, it will take a form of investment.

So, THE GOLDEN RULE IS

“MONEY CAN NEITHER BE CREATED NOR DESTROYED”

So Untill Next blog

Cheers
Vinay