Personal Finance

What Is Money and How Does It Work?

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What is money? How does money work? Why do we use money?

Money is something that most of us spend a majority of our lives trying to obtain, and most of us have very little idea of what it even is.

In the past, some societies used salt as money. Others used sea shells as money.

Over time money has evolved as a medium of exchange and a store of value, which I go over in this video.

If you live in the United States (or any other country that uses fiat money) you may have only used 1 form of money throughout your entire life.

This video sheds light on what makes money money, the different types of money that exist, and also the 6 traits or characteristics of money.

This will be video 1 of a 2 part series that digs a bit deeper into the thing most of us use every day without really giving it much thought.

Enjoy and please share the video!

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My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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What started as a mission to share what's happening in the insurance world today has grown into your daily go-to for insurance, financial planning, and retirement planning news.

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