The Ancient Secrets of Making Money

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The Ancient Secrets of Making Money

Making money is an ancient art. Even before money was invented back in the 1500s when banking was invented, people traded in value. So money is essentially a numerical representation of value. Before banking was invented, money was owned and controlled by the monarch. The royal mint produced coin made of gold that weighed and equaled the gold from which it was made. However, over hundreds of years, people realized that this gold can be submitted and shaved off. Shaving a little off each gold coin before using it in a transaction, they let the shavings melt and use it illegally. The monarchies of all countries failed to find a solution to this dilemma and this continued for hundreds of years.

Gold was the first precious metal assigned by authority to represent value and it is this word “VALUE” I want you to keep your eye on. Just as today we cannot eat a dollar bill or sleep under it for shelter, the royal gold coin could not be used to eat. So the gold coin and the current dollar bill have no intrinsic value in themselves. You can’t drive it, sleep in it, eat it, or even take it with you. All money does is count value in a decimal numerical nature. So, let’s stick with this little revelation.

Let’s say you want a million dollars. You want a million dollars to buy a nice house, get a cool car and go on vacation. You can do all those things with a million in cold hard cash. But wait a minute… where is the value? If money, as we have just established, is the numerical representation of value, where is the value? This is astounding. The money, the millions of dollars sitting there on your kitchen table, in hundred dollar bills, represent all those things that YOU value! You can look at that money and it won’t be put in gear and be driven. It has no door, so you can come in and sleep in it.

The only reason money has value is because there are billions of other people who agree with your perception that this million dollars has value. If they didn’t agree, you couldn’t issue it for actual value. This is getting interesting. Because what we’ve actually established is that value is elsewhere and the only reason money has representational value is because everyone agrees with you. People all over the world work every day to get some money. They work day jobs and take risks of all kinds to get some representation of value so they can buy food, shelter, and other things.

Wealthy people know this. While the majority strives for the representation of value, rich people seek real value. They get it for nothing and sell it piece by piece to people with representational value (paper money) Just like paper money, which is representational value, real value also depends on the wholesale agreement on value. Value is in human need. Emotion and logical conclusion is where the real value lies. Your own estimate of what is valuable and everyone else’s is what constitutes intrinsic value, value that you part with money to get. So actual value that money represents resides with the individual. If there are enough individuals who also agree with the estimate, they gather in number to form a market.

Need comes from one of man’s five senses. Visual appreciation of value, Auditory appreciation of value, Kinetic (touch) appreciation of value, Olfactory (smell) appreciation of value and taste. But there is a sixth, engagement. The sixth (engagement) can be a combination or just one of the five senses. It is this element of involvement that constitutes a conclusion of value and therefore has monetary value. Engagement is where the mind perceives the intrinsic value to be worth more than the representational value you have in your pocket and therefore you will be willing to part with it in exchange for the real value.

What does all this mean to you and how does it help you create wealth. That should be clear. Wealth is created by securing real value and selling it to others in exchange for the storage vehicle of representative value as money. As you store your wealth, it grows through interest and capital appreciation.

The point is this, intrinsic value is based on the human perception of others. If this is the case, you can create value out of thin air and make it worth the money.

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