By Cornel Agwu – Financial Fitness Expert
Money, in some form, has been part of human history for at least the last 3,000 years. Money, in and of itself, is nothing. It can be a shell, a metal coin, or a piece of paper with a historic image on it, but the value that people place on it has nothing to do with the physical value of the money. Money derives its value by being a medium of exchange, a unit of measurement and a storehouse for wealth. Money is valuable mainly because we all know everyone will accept it as a form of payment.
“Money is the statement of value added”
But there are some fundamental truths about money in any form or shape that we must all know. The real thing we are seeing today and calling money is not money, money is value. Real money is not feasible to the eyes, what we see always is the representation of the real thing.
The most important question is: if we are to remove money (the paper) from circulation can you survive? Do you have anything to take to the market place for an exchange? What will you take there? If you can’t answer this question you are poor. True Money is the sum total of your values, beliefs and knowledge. So, with what you just read, are you rich or poor?
Read Cornel’s column on Money in the latest edition of our magazine, the Nature Issue at the Glazia Store. Look out for must-read upcoming article from Cornel – Real Life Financial Lessons Learned from Farming.
About the Writer
Cornel Agwu is the Principal Strategist of De-Evolution Link Ltd (DEL), a Consulting and Financial Services Company. His years of experience span the Financial, Business Development and Consulting fields. A certified coach with a deep hunger for people development and with years of corporate experience, Cornel coaches, speaks to, and mentors individuals who want to achieve financial fitness and Business success.
Connect with Cornel on social media, @cornelagwu