Let’s read the important Characteristics of Money.
Money is of paramount importance to humans. Our whole life is centered around earning Money; right from childhood, we are groomed to be successful, and success to many is the quality of having a large bank balance. But what are the attributes of money? It seems our education system has failed to shed light on the aspects of money.
Here I’ll explain the attributes in brief:
According to Wikipedia: the word “Money “is believed to originate from Juno, on Capitoline, one of Rome’s seven hills. In the ancient world, Juno was often associated with money. The name “Juno” may derive from the Etruscan goddess Uni which means
“The one,” “Unique,” Unit,” or the Greek word “ moneras” alone unique.
Money has four characteristics.
Durability
Portability
Divisibility
Uniformity
These may seem a bit ambiguous, so let me explain from a different perspective.
In my view:
Money= Transaction= Transparency + Action
What does it like:
- Transparency:
A transparent business with ethical functionality always seems to attract money and create more money.
“Money and time never sleep.” Unknown
2. Time:
If you borrow some money from someone, you must return it on time. Because time is greater than money, time always enhances the value of money. (remember inflation)
Every financial institution charges its interest based on a particular time frame. The extension of this concept in our daily life is quite relevant.
3. Respect:
“What you do not like, it will go away from you. If you do not respect money, it will hardly come to you. ”
_Richard Templar
Respect the self-made rich; they are doing something that you don’t.
If you borrow money from your friends or family, please return the amount on time as a sign of respect for the money. In case you can’t, have the decency to apprise them of your situation.
Beware of the quick borrower!
“Quick to borrow, slow to return.”
There are two kinds of people:
4. Lazy and Active:
“You can make a Million Excuses, or you can make a Million Dollars.”
The lazy guy being lazy awaits an opportunity and only acts if it arrives at an opportune time. The active guy is proactive; he seizes the opportunity much before it presents itself.
“That man is richest whose pleasure is cheapest.”
_Henry David Thoreau.
The active guy does not crib or cry for the adversaries that have befallen him. He seeks opportunity in a pandemic while the lazy guy curses his fate.
5. No Discrimination:
Money does not discriminate based on your color, caste, religion, sect, sex, class, etc.
A 100-dollar note is worth the same to a beggar or Bill Gates. It is not about what you have but rather what you do about it.
How money works:
Money always works for Money; that’s why the rich become richer.
The ordinary spend while the rich invest.
Conclusion: Money’s core DNA is a transaction, and that transaction must be transparent. Transparency is the key to a successful relationship and transaction. All money eventually returns to its intrinsic value. Put your money into action and watch it grow. Act more, attract more, learn more, earn more, but don’t be greedy.
Thank You For Reading! I hope you have learned something new.
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