This week I wanted to share my thoughts on currency and money. A lot of people just see money as a way to pay for things like food, bills, accommodation, clothing, the list goes on and on. It’s also viewed as being able to pay for entertainment like drinking, movies, travel, etc…
It’s something that has different buying power in different countries, and at times can have more buying power depending on which country is the most financially stable.
While all of this is correct, I realize many people don’t take the time out to really analyze and understand/comprehend the word “currency.”
So what’s the dictionary version of “currency” and “money”?
1. A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
“I counted the money before putting it in my wallet”
synonyms: cash, hard cash, ready money
1. A system of money in general use in a particular country.
“The dollar was a strong currency.”
synonyms: money, legal tender, cash, banknotes, bills, notes, coins, coinage, specie More
2. The fact or quality of being generally accepted or in use.
“The term gained currency during the second half of the 20th century.”
synonyms: prevalence, circulation, exposure
It’s pretty clear money and currency are synonymous – but let’s focus on the synonym group under “currency.” One word in particular sticks out – circulation.
Now the definition of circulation is pretty clear – the movement or passing of something in any given situation – keyword movement…and any type of movement involves movement of energy, no matter which way you look at it.
So breaking it all down, money is actually movement…and what have you learned about movement since reading this blog and the eBook I offer on my official site? Movement or “consistent progression” is critical to success.
Looking at it that way, you can realize money actually isn’t negative at all. In fact, centuries ago though bartering was trading product for product, it was still the same act as trading money for product – the only thing money did was make “bartering” more flexible and efficient.
Yet bartering and money still do the same thing – create movement and progress – the butcher needed meat to sell at the market, so he had a brother who was a blacksmith.
The blacksmith offered to create proper weapons for the hunter, in exchange for meat at his brother’s shop. The hunter agrees and the blacksmith makes the weapons as payment.
The hunter uses the weapons to hunt and collects his kill, gives it to the blacksmith who needed food, the blacksmith gives his brother who’s the butcher to take and make into cuts of meat where he takes a portion as payment for connecting the hunter with the butcher.
If we take it further, the butcher may have even had a connection to a miner that provided the blacksmith with the proper ores to the blacksmith to create the hunter’s tools – all under the condition the blacksmith also makes better tools for the miner to use.
That’s bartering – there was “movement” of products and services from one person to the next for another product and service…now throw money into the equation and it makes that whole process way more efficient. Everyone just pays everyone at a price that remains “inelastic,” thus speeding up the whole thing.
So really when you think about it, money’s whole purpose is to KEEP MOVING. The tighter you try and hold onto money, the faster it will find a way to go away. Think of it like holding sand in one fist – the tighter you squeeze, the more it slips through the cracks.
Currency is a “current.” Currents are “movements.” Money is exchanged hand to hand, bank account to bank account – money is movement. It’s not meant to stay in one place.
Money isn’t the root of all evil.
Not even the love of money is the root of all evil.
I love money, because it provides me with the opportunity to fuel my business ventures, my website, this blog, travel, learn new experiences, and share information with all my great and dedicated readers.
The idleness of money is the root of all evil. The lack of movement of it. The stagnation of it….Let something sit for too long and it’ll either collect dust, stop functioning, or decay. It’s like a car – you’ve gotta wash it, dry it, wax it. You’ve gotta turn that engine over every now and again. You’ve gotta take it out for a drive, and check up on the hoses, seals, etc.
The “lack” of money (movement) is the root of all evil.
Just. Keep. Moving.
Food for thought…
Musings Episode 41: Currency is More Than Just Money… is a post from and appeared first on Rego’s Life