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Understanding Money and Wealth

Path: Prosperity Consciousness Understanding Money and Wealth

Money Is Not Wealth. Wealth is stuff we want: food, clothes, houses, cars, gadgets, travel to interesting places, and so on. Money is a kind of shorthand for wealth. Using money is a way of moving wealth, and in practice they are usually interchangeable.

True wealth is about luxury living; having and being able to control our food supply, clothes, houses, cars, gadgets, and ability to travel to interesting places. Real wealth is about being able to share what we have with others, our friends and family.

Originally money was a form of receipt. It represented grain stored in the temple granaries in Sumer in ancient Mesopotamia, then Ancient Egypt. Today, money serves as a tool to make people lives convenient. It is only a claim on wealth. Making money without producing anything of value (goods or service) is creating claims on the wealth created by others and is an invisible form of theft. There is a proverb which states that the love of money is the root of all evil. What this means is that excessive or insatiable desire for wealth or gain will lead to evil actions or deeds. There is another proverb which express the concept that wealth gives power and influence to those who possess it. Wealth is defined as the abundance of valuable resources or material possessions.

"Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. Any kind of object or secure verifiable record that fulfills these functions can serve as money."   From Wikipedia, the free encyclopedia,
To better understand the concepts of money, SEE: Money


Kid$ Wealth Money Kit

Kid$ Wealth Money Kit

The KidsWealth® Money kit is designed to teach children to save money and to appreciate and manage those savings.


Pay Yourself First - The African American Guide to Financial Success and Security

Pay Yourself First: The African American Guide to Financial Success and Security

Pay Yourself First - The African American Guide to Financial Success and Security

How do we help make black America better? Jesse Brown reminds us that we gain financial success and security when we pay ourselves first.-Tavis Smiley, author of How to Make Black America Better: Leading Black Americans Speak Out

""Jesse Brown's commonsense approach is a surefire way to watch your money grow.""-Myra J., The Tom Joyner Morning Show

Achieve your financial freedom with step-by-step instructions from award-winning investment manager Jesse B. Brown. Discover the easy-to-follow, down-to-earth secret to living your dreams, whether it's buying a new home, buying a new car, sending your children to college, retiring rich, or going on that once-in-a-lifetime vacation.



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For more about wealth, SEE: How to make wealth









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