Tuesday, 1 November 2011

Does the Accumulation of Money Reduce Wealth


Some conversations demonize money, making it seem as though wanting to accumulate it is an evil sin, while others champion the notion of accumulating it, making it seem as though this pastime is humanity's sole purpose for existing.
There are many differing views as to what money is, how to or who can amass it, and whether it is right or wrong to do so.
It is a physical representation of value used for exchange in the marketplace.
Bartering (a economic exchange rooted in trading one set of items or services for another) was the means of exchange long ago, as the marketplace was far simpler, consisting of fewer products and services for sale, as well as fewer people in which to sell these products and services to.
However, as the numbers of buyers and sellers grew, it became more apparent that a more complex form of exchange would be needed.


Now, while you and I can read the worth of a dollar bill on its face, as a dollar, its true worth may not be that, as a currency's value is never stagnant, as all of the values of the different currencies' around the world are constantly fluctuating.
Therefore, as with other currencies around the world, America's dollar fluctuates based on the stability of the marketplaces it serves.
As the world moves closer to a global economy, each nation's currency will be more interconnected with one another, meaning that instabilities in markets outside of one's physical borders will have an ever increasing impact on one's currency.
However, the problem is that many of us put far too much emphasis on money as a tangible good, which often leads to unsuccessfully chasing an intangible

theory.
One cannot deny the necessity of money, being that it is the primary means of exchange around the world.
However, where we often begin to get ourselves into trouble is when we start to acquire some of the niceties such as big screen televisions, sports cars, or elaborate vacations.
Be clear that niceties or luxuries are not necessities, nevertheless many people often incorrectly lump the two together, causing them to relentlessly pursue money in what some would deem a sinful way.
Therefore, that determination rests in the eye of the beholder.


Are Some People Destined To Accumulate Money While Others Are Doomed To Simply Pursue It To No Avail?

This question plays right into the "woe is me" conversation that many people seem to have about the accumulation of money.
Money is based on a perceived value.
However, whether you accumulate money or simply chase it resides in your perceived self-worth.
If you were not born with a silver spoon in your mouth, then you have to shift your thinking in regards to your self-worth.
What do I mean by shift your thinking?

Every product or service bought or sold on the world market has a value that fluctuates based on what consumers are willing to pay for it.
This goes to show that everything is a commodity.
You must now ask yourself a couple of important questions to get yourself in the proper mindset if you want to accumulate money:

What talents or skills do I possess that can be of great value to others? What talents or skills could I learn that can be of great value to others? Am I willing to develop my talents and skills to the best of my abilities? Am I willing to wait until my talents and skills are honed before I put them on display? Am I willing to put myself out there to demonstrate my talents and skills to the public? Am I willing to demand that my talents and skills be compensated based on their value in the marketplace?

I hope you are beginning to get the picture.
The question is what do you bring to the table that is of great value to others? Many people don't realize that they are a commodity or don't want to acknowledge it.


Does this mean that individuals that don't realize, refuse to accept this fact, or develops themselves late are doomed to simply live a life pursuing money to no avail? Unfortunately, the answer is most likely yes.
The masses have the wrong mindset, because they are chasing money as though it is a tangible asset.
Just look at the numbers of individuals that have obtained riches through the lottery or inheritance only to squander it over time.
Wealth represents an accumulation of any and everything dear to an individual.
A key difference between wealth and money is that the accumulation of wealth implies that the person doing the accumulating has some level of wisdom, self-worth, and maturity, as it is often very difficult to accumulate items of wealth if one does not understand what, why, and how to gather and maintain items he/she values.
Money can really only provide greater power in the marketplace, but if you realize your self-worth (which is what wealth requires), you can accumulate and maintain the money as well as all of the other things that we spoke about in regards to wealth.
You are life itself, and from you everything manifests.
A final thought, money without the development of self is hollow, empty, fleeting, while development of self (inside of the realization of one's worth) breeds wealth for a lifetime.

No comments:

Post a Comment