We can better understand the power of money by conceiving of it as a purely human creation. While Unshakeable is a financial freedom playbook, the process of becoming unshakeable is a mindset that extends far beyond the stock market. Being unshakeable, in your investing strategy and your lifestyle, is about managing your head and your heart in order to design the life you deserve.
Today, we live in a world with unprecedented productive capacity. Yet, it is also a world in which precious human, social and productive capacities remain underemployed or unutilized.
An impartial, objective inquiry into the social origins, power and evolution of money is the right starting place and essential condition for fashioning a better future for humanity. Ushering in abundance of freedom, rights, education, wealth and power-sharing will necessitate a breaking of established privileges and entrenched power structures. In the past, this has almost always been accomplished by violent revolution.
Money too depends on acceptance of common standards for form, unit, value and recording. It is a social organization which includes institutions related to minting, issuing, banking, transmission, accounting, taxation, etc. The social organization we refer to as language has endowed humanity with a power for individual and collective accomplishment unimaginable for other species. Closer analysis will show that the growing power of money has always arisen from its symbolic value. Still we are describing only types of money without yet inquiring into what money truly is.
Finding Immediate Products Of Health Life
The problem we face today is not incapacity to meet human needs, but incapacity to fully utilize our productive capacities for the benefit of all humanity. Understanding and attitudes toward money constitute a central part of the problem. “Money fosters the formation of complex, integrated societies by facilitating the exchange of one form of social power into other forms.” All forms of social power contribute to the collective capacity of society to accomplish that underlies the value of money.
- Those making $100,000 a year think it takes at least $200,000 a year to be rich; those with a net worth of $3 million think it takes $6 million.
- Economists generally agree with the investors in the Spectrem survey that net worth is the best way to define wealth.
- Even though investors widely agree that net worth is the best measure of wealth, they often don’t see themselves as wealthy even when their net worth measures in the millions.
- According to the Wall Street Journal’s Wealth Report blog, the most common answer in surveys appears to be twice as website much money as they currently have – no matter what that figure is.
- A 2013 report from the wealth-management firm UBSfound that only 28% of investors with a net worth between $1 million and $5 million answered “yes” to the question, “Do you consider yourself wealthy?
Today, we have the means to make the transition by peaceful evolution rather than violent revolution. As in the past this process will be driven, not by the permission of the privileged, but by the idealism, aspirations, demands and actions of humanity. The evolution of money is a key to universalizing prosperity through peaceful social evolution. The opening up of commercial relations between China and USA in the 1970s is a dramatic example of the power of money to channel human energies from destructive violence to peaceful cooperation.
Choosing Systems Of Healthy Habits
Gold coins were valuable because they could be used in exchange for other goods or services, but also because the gold itself was valued and had other uses. Commodity money gave way to the next stage-representative money. Attacks on the prevailing system of money are an encouraging indication of a growing social awareness and aspiration for a more effective and equitable organization of social power.
How The Value Of Money Is Determined
Money is a means for multiplying the value of every human attribute and capacity. The evolution of money has facilitated the growth and development of production, commerce, armies, governments, education, science, technology, urbanization and all forms of art. Money is also a social organization based on generally accepted symbols, set rules, standardized forms and established conventions.