Get the Money You Want Part 1
Yesterday’s post Change Your Relationship with Money, created some great discussions from our subscribers. The interest in the book “Happy Pocket Full of Money” also was discussed and many of our readers have ordered their copy of this great book. I am now going to continue with a three part series that will guide you into the depth of this book. A journey in what you can expect to take away from a read or listen of Happy Pocket Full of Money.
From the book…
There is a science of getting rich, and it is an exact science, like algebra or arithmetic. There are certain laws which govern the process of acquiring riches, and once these laws are learned and obeyed by anyone, that person will get rich with mathematical certainty. – Wallace D. Wattles.
The first step to having wealth is to know what it is. And few people know what it really is, in and of itself. What is wealth? What causes it? What causes the cause of it? Let us start with money, the world’s symbol of wealth, and then move deeper.
- Money is not real.
- Money is merely legal tender, a form of exchange.
- We use it to exchange value. It represents value.
Here is something else: physical paper money does not even represent money in full. It cannot reasonably do that. By some estimates (and this varies from nation to nation), only as little as 4% of the money in the banks exists as paper cash. Imagine how much cotton, linen, pulp, and metal the world would need so as to make all the money everyone has in his or her bank accounts. Imagine how much space it would take to store all this money in paper form. If you were to stack only one million US$1 bills, it would weight one ton and be 361 ft high. Neither does money exist as gold reserves any more. This is for exactly the same reason – we ran out of the reasonable ability to keep a gold standard in the 1970s.
So what does it exist as, the money that we are always talking about? Well, it is one massive illusion. It is all just numbers written on paper and computer storage devices, and assigned to people and entities such as companies and investments, or more accurately, further records! To put it in another way, for every $100 or its equivalent in any other currency, only about $4 exists as printed-paper notes or coins, while the remaining $96 exists as numbers written on papers and computers in banks and businesses and other entities. The only reason this system does not collapse is that we all believe in it. The last time people stopped believing in it in a large enough extent was just before the Great Depression when large numbers of people rushed to their banks to withdraw their money and found that they could not all get it. This is not what caused the Great Depression, but it in a large way accelerated it.
So, money is not real – something else is. Money is just the shadow of that other something. The first step to wealth is to know what money really is, or more accurately, what it represents. Learn not to look at the money most of the time. As you will soon see, it is very rare in a day that you should ever look at money as you know it today – the cash, the bank accounts, the costs, etc. This is merely the shadow and not the real thing. Looking at the shadow, the physical money, as you will soon see, is most of the time very unwise and unhealthy for you and your finances.
Stay tuned for tomorrow’s post to get to the real stuff this book has to offer, if you are still interested…
From the book Happy Pocket Full of Money by David Cameron. Here is my affiliate link to the site if you would like to have a look » www.imagesofone.com