THE ANATOMY OF A GREAT MONEY
Anatomy refers to the art of studying the different parts of an organized body, to discover their situation, structure and economy. Money (Financial Breakthrough) is a generally accepted means of exchange and measure of value. The anatomy of money refers to the study of the different parts of money.
Now, I know how frustrating and downright depressing it is to be in that struggle for having enough because that was my lifestyle.
Not enough money, not enough business, not enough of almost everything in my life.
My self-esteem was low in fact it was no longer there. I had no savings. I felt like my life was a total joke. I was really stuck in the cycle of constantly striving and not getting results.
All my thoughts were based on working harder to achieve success. I felt like I wasn’t doing enough.
In this article I would be telling you the prosperity tools that will help you cut through you most limiting beliefs. Your wealth might be a lot closer than you think.
Get ready to unlearn that you were taught about money.
There are 6 reasons you must know the anatomy of money and they are:
- 1) So that you become magnetic to money, clients and opportunities.
- 2) So that you experience real wealth on a daily basis.
- 3) So you stop subconsciously repelling it and start receiving more of it.
- 4) So you can open your mind and heart to all places money is hiding in plain sight.
- 5) So you can build new constructive pathways and unhook from old destructive thought forms.
- 6) So that you learn how to turn subconscious visions and dreams into conscious reality.
- It is a common knowledge that money is a measure of value and money has value.
Elaborating on the first sentence: when we buy goods or services, we pay with money (except in trade by barter situations).
To elaborate on the second sentence: we know that money, our measure of value, does not have a constant value.
The value of money may change over time (inflation or deflation) or across space(exchange rate). The value of money (Financial Breakthrough) varies diachronically and syn-chronically, both aspects may also, be combined.
Longitudinal valuation of money is a well known exercise. The measurement of inflation is in the public eye, virtually all the time.
ABOUT MONEY – 8 THINGS ABOUT MONEY YOU’RE TIRED OF HEARING
HOW MONEY FIRST STARTED
Historians believe that metal objects were first used as money as early as 5,000 B.C. Around 700 B.C., the Lydians became the first Western culture to make coins.
Other countries and civilizations soon began to mint their own coins with specific values. Using coins with set values made it easier to compare values and trade money for goods and services.
Eventually, societies moved from using precious metals to make money, known as the representative money.
The new paper bills and coins made of non-precious metals represented certain values that everyone in those societies could agree upon.
Governments or banks would promise to exchange representative money for a specific amount of silver and gold.
Today, most modern currency is not backed by silver or gold. Instead today’s money is known as fiat money. The word ‘fiat’ is a Latin word which means “let it be done.”
Money (Financial Breakthrough) has certain value today because it was given that value by government fiat or decree. Legal tender laws now make it illegal to refuse legal currency in favor of some other form of payment.
In itself has no actual value; it can be a shell, a metal coin or a piece of paper.
Its value is symbolic, it conveys the importance that people place on it. Money (Financial Breakthrough) derives its value by virtue of its functions as a medium of exchange, a unit of measurement, and a storehouse for wealth.
Money allows people to trade goods and services indirectly, it helps communicate the price of goods and it provides individuals with a way to store their wealth in the long term.
(Financial Breakthrough) Money has value merely because everyone knows that it will be accepted as a form of payment. However, throughout history, both the usage and the form of money have evolved.
While, most of the time, the terms money and currency are used interchangeably there are several that suggest that these terms are not identical. According to some theories, money is inherently an intangible concept, while currency is the physical that is tangible manifestation of the intangible concept of money.
By extension, according to this theory, money cannot be touched or smelled.
Currency is the coin, note, object, e.t.c that is presented in the form of money. The basic form of money is numbers; today, the basic form of currency is paper notes, coins or plastic cards (e.g. credit or debit cards).
While this distinction between money and currency is important in some contexts, for the purpose of this article, the terms are used interchangeably.
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THE CHANGE FROM BARTERING TO CURRENCY
Money in some way, shape or form has been part of human history for at least the last 3,000 years. Before that time, historians generally agree that a system of bartering was likely used. Bartering is a direct trade of goods and services; for example, a farmer may exchange a bushel of wheat for a pair of shoes from a shoemaker.
Slowly, a type of currency (Financial Breakthrough) involving easily traded animal items like animal skins, salt, and weapons developed over the centuries. These traded goods served as the medium of exchange even though the value of each of these items was still negotiable in many cases.
This system of trading spread across the world and it still survives today in some part of the globe. One of the greatest achievements of the introduction of money is increasing the speed at which business, whether mammoth-slaying or monument building, could be done.
Sometime around 770 B.C., the Chinese moved from using the actual usable objects such as tools and weapons as a medium of exchange to using miniature replicas that had been cast in bronze.
Due to the impracticality, nobody wants to reach into their pockets and impale their hands on a sharp arrow, which was eventually abandoned for
objects in the shape of a circle.
Although, China was the first country to use an object that modern people might recognize as coins, the first region of the world to use an
industrial facility to manufacture coins that could be used as currency was in Europe, in the region called Lydia (now Western Turkey).
Today, this type of facility is called a mint, and the process of creating currency in this way is referred to as minting.
FIRST OFFICIAL CURRENCY
In 600 B.C., Lydia’s King Alyattes minted the first official currency.
These coins were made from electrum, a mixture of silver and gold that occurs naturally and the coins were stamped with pictures that acted as denominations.
THE PAPER CURRENCY
At about 700 B.C., the Chinese moved from coins to paper money by the time Marco Polo- the Venetian merchant and writer who travelled through Asia visited China, the Emperor of China had a good handle on both the money supply and various denominations.
Parts of Europe were still using metal coins as their sole form of currency all the way up to the 16th century.
This was helped by their colonial efforts. However, banks started using paper banknotes for depositor and borrowers to carry around in place of metal coins.
The shift to paper money in Europe increased the amount of international trade that could occur. Banks and the ruling classes started buying currencies from other nations and created the first currency market.
The stability of a particular monarchy or government affected the value of the country’s currency and thus the ability for that country to trade on an increasingly international market.
MOBILE PAYMENTS AND VIRTUAL CURRENCY
The 21 st century has given rise to two novel forms of currency and they are: mobile payments and virtual currency.
Mobile payments are money rendered for a product or service through a portable electronic device, such as a cell phone, smart phone, or a tablet device. Virtual currencies have no physical coinage.
The appeal of virtual currency is that it offers the promise of lower transaction fees than traditional online payment mechanisms; virtual currencies are also operated by a decentralized authority, unlike government-issued currencies.
Despite many advances, money still has a very real and permanent effect on how we do business today.
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