What Is Money Anyway?

@mythociate (21437)
Oklahoma City, Oklahoma
January 22, 2011 2:32pm CST
Steel-magnate Andrew Carnegie regarded it (according to his student, writer Napoleon Hill) as 'the honest wage an honest worker receives for an honest day's work.' And I happen to agree. But many do not, including (possibly) some of you ... and thus its value becomes more-and-more questionable. Do you agree with Andrew Carnegie, Napoleon Hill etc. that money has NO VALUE absent the work done in exchange for it? If you don't agree, why not? If you do agree, how can we convince any that disagree that their current pathway leads to destruction?
6 people like this
7 responses
@Hatley (163781)
• Garden Grove, California
22 Jan 11
hi to me money is just a medium of exchange for as you say an honest days wages for an honest days labor. but when I was working for the Orange county library branch in tustin we kept getting hours cut back and told no cost of living raise as the oounty was almost broke blah blah blah yet the city and county dads got yearly raises and goodly ones too. So how to equate that with honest wages for honest days work. those guys made their living sitting in plush chairs talking and taking two hour lunches. one of them caused the county to go bankrupt by embezzling two million dollars of county funds. He spent ten months in prison and a deluxe prison with all the perks. why did we pages work for 7 dollars an hour while those jerks made hugh salaries for doing what? embezzling?Some people are more equal than others I guess.
@mythociate (21437)
• Oklahoma City, Oklahoma
23 Jan 11
It's sort of 'the way the world works'; "people in 'high' places" manipulate the other people (both those in 'low' places AND -others in high places) to keep their comfortable places out of danger.
3 people like this
• Philippines
24 Jan 11
Andrew's definition of money is his own view of it. I agree with him but I also agree that money is the root of most of the crimes happening today. Andrew can say how honesty and money is incorporated but killings have been happening today due to money. So with all that being said, I don't think that money is always gained with honesty.
1 person likes this
• Philippines
25 Jan 11
1 person likes this
@mythociate (21437)
• Oklahoma City, Oklahoma
25 Jan 11
I don't know who Andrew is, but I agree. I read an article recently about how money is 'spiritual'---that's not 'good' or 'bad,' but (like the Holy Spirit) it carries the 'sound' of the one who last sent it. i.e. if I spend it on what's good for all, then 'good for all' is the "spirit it carries."
3 people like this
@mythociate (21437)
• Oklahoma City, Oklahoma
25 Jan 11
Oh, Carnegie, I see ...
3 people like this
• United States
24 Jan 11
Deep questions! Money means only the value we ascribe to it. Not everyone works for what they get, so it can't be a record of one's work. It's more a record of one's ability to purchase goods and services, and to live without worry of poverty...
1 person likes this
@mythociate (21437)
• Oklahoma City, Oklahoma
25 Jan 11
Why can't we do that without money?
3 people like this
@goldeneagle (6745)
• United States
24 Jan 11
I think Robert Kiyosaki put it best in the book RICH DAD POOR DAD, when he said that money is whatever we say it is. Throughout the history of man, different things (even shaped stones) have been used as a form of "currency". Even today, money can be whatever is agreed upon by the people involved in the transaction to be.
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@mythociate (21437)
• Oklahoma City, Oklahoma
25 Jan 11
So something becomes 'money' when one uses it to get something?
3 people like this
@dawnald (85135)
• Shingle Springs, California
26 Jan 11
It has no value unless you can purchase something with it. This reminds me of the hyper inflation in Germany in 1922 - 1923. It got to the point where things became so expensive that people couldn't feed themselves. What was their money worth then?
1 person likes this
@mythociate (21437)
• Oklahoma City, Oklahoma
28 Apr 11
kinda like The Tulip Rule (tulips were what they first sold on Wall Street): with speculation, it's how tulips went from 'grabbed for free out of European ground' to 'hundreds of dollars per bulb' I wouldn't invest in money (not 'per dollar' anyway), as one 'share of money' returns less-and-less.
3 people like this
• Philippines
25 Jan 11
Basically, money becomes valuable because of its purchasing power; through it, we get what we want or what we need. As the primary mode of exchange in the market, money is needed to buy food, clothing, housing unit, medicines, vitamins, appliances, beverages, among others. It is also needed to help defray back to back expenses ranging from electric bills, water bills, phone bills, credit card bills, education, travel, technical and professional services, tithing and many more. Gone were the days where barter (exchange of goods with another goods - like a service of a blacksmith for a piece of bolo in exchange for a basket of eggs)used to be the system of giving and taking commodities or services. Work is the medium in which human activities are set in motion. It is work which empowers us to get things done. Today, all of us work (entrepreneurs, manual laborers and office personnel alike) because it is the means whereby we earn money for a living, to support our family. When no work, no pay. When no pay, no money. When no money, nothing to spend for one's sustenance. Some people work clean and earn clean money. Others work dirty and earn dirty money. How can we convince some people who work dirty to work clean? what we should do to make them realize that their "current pathway leads to destruction?" Whew, I must humbly admit, it is very difficult to answer. It is a tall order. Of course, there are variety of ways, like giving them counselling (perhaps), teach them the ways of God (regardless of religion), provide them good and decent jobs, send them to a rehabilitation program, etc. These schemes might be effective one way or the other, but we cannot be certain that they are effective all the time. The entire issue is very complicated and cannot be answered in one sweeping approach. I got a headache right now.
@mythociate (21437)
• Oklahoma City, Oklahoma
25 Jan 11
Money is just a tool, it's like a shiny rock you find/are-given---if you know what to do with it, it is what you need it to be. I would apply Christ's Golden Rules here: Do everything for your God, affecting everyone else only in ways you would let them affect you.
3 people like this
@murtaza45 (173)
• India
23 Jan 11
now days to some conditon to time for not enjoy fool for think to not time change my family for growth time for enjoyfull for family big money for my house.
1 person likes this