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Guide to becoming a MILLIONAIRE!

Step 1. Learn to be wise.

By Joanna GolczynskaPublished 3 months ago 3 min read
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You probably heard at least once in your life phrase: Money will not buy you happiness. If not, why everyone wants to be rich? Let's be honest, money can most definitely brings you happiness. It might not free our souls from chains of reality but it will pay the bills and give you quite comfortable life.
Now, that we established that money can and will bring us happiness, what's the plan? How do we get rich? Does it have to be illegal? After all there is a saying that first million is always stolen (or at least that's what I've heard from some fellow broke people). Well, not necessarily.
Rich people most of the time were born rich. They simply got a head start. Not every rich person was born rich though. What is it that those people have in common? They know the real definition of money. As Robert Kyiosaki says, money is debt. If we want to be rich we have to learn to manage the debt. The book "Rich Dad Poor Dad" is Mr. Kyiosaki's story of growing up with two dads - his real father and the father of his best friend, his rich dad - and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you. In his book he reveals that school will not teach us about money. After all, school was created for one reason only: to make a good factory workers. No matter what your degree will say. The whole institution is programming young generation to be enslaved.
Learning about money is the first step to change your view on life. Being rich means thinking like rich. Rich people do not buy random stuff, they invest. According to Wikipedia "Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment." On the other hand we can find a slightly more clear definition of fiat money on Investopedia: fiat money is a government-issued currency that is not backed by a physical commodity such as gold or silver but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government.
If the second definition made you think about the whole economic situation in the world, then you not alone. When I was reading this definition I got a bit confused. They teach us in schools that we have to work hard, save money and maybe then we get to retire without worry. But if the value of money is strictly depend only on the issuing government, then we are not in the most interesting situation. After the pandemic, value of money drastically decreased as the governments all around the world has experienced the largest economic crisis in a century if not more. This is why we should not be scared of debt. Its part of life and once we master it, we win. We need to be also aware about the scammers who will try to sell you the idea of strugle free life within minutes. Nothing that is good comes free. It all takes work. Not for someone, for YOURSELF. Grow, learn and be wise.

economy
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Joanna Golczynska

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