THE FINANCE. THE VALUE OF MONEY.

Value of Money. “Money is a matter of functions four, a medium, a measure, a standard, a store.” Theory of Value, Theory of Money, we learnt in college. In practical life we have to learn Value of Money. All along we have been working for Money. A time comes in life when one has the Money work for him. In the initial stage of life, one has only Earned Income. In the next twenties he has his focus on Passive Income. In the next twenties he has his focus on Portfolio Income. Passive income, is profit derived from real estate investments. Portfolio income is profit derived from stocks, bonds, mutual funds. The secret to be wealthy is to convert Earned income into Passive or Portfolio income. One has the Time. One has the Mind. One has to use his Time and Mind to : Spend his Income. Spend it foolishly and stay Poor. Spend it on liabilities and stay Middle Class. Spend it on investments and learn how to acquire assets And you choose Wealth as your goal and your future. And stay Rich. The choice is yours. This principle applies to those who take risks. Either you get Rich or Ruin. It’s your Luck. You have to act prudent. Money and Wealth. Money is a form of power. Financial education is more powerful than power of money. Money may come. Money may go. If you have the education about how money works you gain power over it. You begin to build wealth. You have to learn how money works. You spend your life working for money. You should continue study of money. Your fear and your greed keeps you to think in terms of earning more money. You play within the same vicious circle. You do not get out of it. It is the ignorance about money that causes so much greed and fear. A doctor wants more money to better provide for his family, raises his fees. By his act of raising his fees, health care is a costly item. Because the doctor raises his fee, the lawyer raises his rates. Because the lawyer raises his rates, the school teachers want a raise. This vicious cycle raises our taxes. There will be a horrifying gap between rich and the poor. This vicious cycle will go on for ever. There is no end. Can anybody remember and tell? When times were not hard, and money not scarce? Heaven help those who help themselves. Little I ask as my wants are few. All say so and it is not new. All I wish to have is a hut of stone, which I can be able to call my own.