It's funny... Even though we use it every day... If you ask most people what money is... They don't seem to have a definite answer.
In fact, they have been using it all their lives without taking a second to think... "What am I using here...? Why am I using it...? Where did it come from?
Why is it that I can give someone a seemingly worthless piece of paper/plastic and they will allow me to walk out of their shop with tangible goods?"
The reality is, it's the equivalent of walking up to a shop owner and trying to exchange Monopoly money for a $20 item...
So what is the real difference?
I recently realized that this understanding of money is the basis for all decision making on my part and that without it, I would have never been able to acquire, and more importantly keep money... So today, we are going to discuss a brief history of money and how you keep it.
Disclaimer: This is NOT investment advice. Always seek independent financial advice before making any investment decisions.
So what is the true difference between Monopoly money and "real money"? (Dollars, Euros, Pounds, Yen, Pesos, etc.) They all have their own name... Just like 'Monopoly', they look similar to Monopoly money.. They are made from similar products as Monopoly money...
So what is the true difference?
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