Morrow of the Story

“You want me to save money?
Like putting it in a piggy bank?

1st off, I can’t afford to live with what I have much less be able to stash money away somewhere.  Sorry Charlie, you’re not fooling me to give my money away for free!!”

These were my general thoughts and feelings about “putting money away” that I had in my 20s.

I automatically dismissed any idea or notion of saving for the future.  I was too busy seizing and enjoying the moment.  I wanted to enjoy and live every week like it was my last.

Though I did not realize it at the time, I was financially irresponsible and illiterate.  I did not know about taxes, the amount of debt I would have to pay for college, and what interest rates were, to name a few.  
I was borrowing from the morrow, to pay for the day.

I held a simple view of life.  
People worked, got money for work, and spent that money.
How much money they made is how much they could spend, simple.
I suspect a lot of people believe and behave this way with money.

For those that are open to challenging their beliefs, and are curious to learn other attributes and functions about money, I would like to share and continue to learn alongside you!

What is money?
To me, it is a technology that moves value through space & time.

Some of its main features:
A medium of exchange- an example- trading cash for a fish
Unit of account- numeric accounting- a penny .01, a dollar $1.00
Store of value- preservation- like salt for fish

What is investing?
Obtaining assets that grow in value over time

What is an asset/liability?
Some parting words from Robert Kiyosaki, Rich Dad, Poor Dad author:
“Assets put money in your pockets,
liabilities take money out of your pockets.”