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In: Wealth Building
26 May 2010What is money? Isn’t cash just pieces of paper with value imputed to it by government systems. Let me ask you one thing though– have you ever thought about what makes money valuable? What is it that makes it a worthwhile commodity to have?
We all know and have discussed about the qualities and the effective ways on making money. We want the steps to attain financial freedom and read all there is to know about wealth building. This is all well and good but there is one more thing you must know about money-it must circulate.
Money is only valuable when it circulates. What does it matter how much time you spend making money when you’re not going to use it? It seems like common sense to most of us; but there have been many individuals who have sacrificed their quality of life on futile wealth building because they do not truly appreciate this truth.
There is a story about a man named Mr. Chapman. He was a junk dealer who would go around the streets collecting old junk people have discarded and selling these things for whatever he can get for them. He never seemed to become rich enough to change the way he lived and eventually he passed away.
Because he had no close relatives and friends nearby, the authorities had to come in his property to take stock of all that he has left behind. You would expect all the old memorabilia and junk from him-but imagine the surprise of the policemen rummaging the place to find boxes and boxes of cash amounting to more than $100,000 in the house.
You can say you have financial freedom if you had $100,000 literally sitting in your house. Yet even with all the cash in his possession, there is no one that can say that the quiet junk dealer was a success. Since all the money did was collect dust in nooks and crannies of his house-you can say that it was equal to all the useless junk he collected that didn’t served him any good.
This is not to mean you spend all that you earn and live in a foolhardy fashion– not at all. Money is meant to be used for you to enjoy a quality of life everybody deserves to have. Be prudent in your handling of finances, but never lose sight of the purpose and place money has in your life.
We think that poor Mr. Chapman was a foolish old man who should have known better but really, many people who become rich are guilty of the same crime of accumulating without really using their wealth well. Ultimately, your success lies not in the amount you have amassed– but by the life you have lived.
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