What Rich Know About The Money

By Franko Rajkovic

What do the rich know about money?
The mind of a financially independent person contains completely different knowledge than the mind of a person who barely survives paycheck to paycheck.
Why do rich people say that the times of financial crises are the times to make the most money?

Within this book, you will find amazing content in chapters, which contain:
*History of money
*Operation of central banks
*The financial crisis
*How the rich remain rich
*The future of money
*Building your financial independence
And much more... 

"Money is the measuring unit of earthly success", so my hope with this book is to provide you with more guidance on how to approach your financial success, and to succeed means to accomplish something by your effort and your abilities.

• Language: English
• Publisher: Cashflow Formula Team
• Release date: Apr 7, 2020
• ISBN: 9781393615590

Book preview

Introduction

I hope that most of you who have reached this book has felt the pleasure of holding a bundle full of money, but if you haven't had the opportunity so far, I hope this book will give you more guidance on how to approach your financial success. To succeed means to accomplish something by your effort and your abilities. One of my favorite books on financial education is The Richest Man in Babylon, and the writer himself makes it clear at the outset: Money is the measuring unit of earthly success.

But no matter how much money an individual may have, that money is nothing but a bunch of paper and numbers in bank accounts. So why does holding a bundle of that paper in our hand make us much happier, more complete, carefree, freer, etc ... than holding another paper? Because we infused that paper with value. Therefore, when it comes to that particular paper (money), the only thing that matters is what is behind the money, what makes the money supportive? To understand how money is given a certain value, we must first briefly go back in time, through this book we will go through the very beginnings of money as we know it today, I will show you how today's money came into circulation, what we used before, and why Money is worth less than ever today, and at the end of the book, I will leave you with some tips that you can immediately apply to your life, to secure financial freedom for yourself during the time ahead.

CHAPTER 1 - HISTORY OF MONEY

Currency trading is a language that allows people to express the value of a transaction, it is technology as old as fire. Currency trading and exchange date back to ancient times. From the time of ancient civilizations, there was a certain currency, which had a specific value that would then be exchanged for various services. These funds were the basic tools for commerce in the ancient world because they allowed people to buy and trade items such as food, clothing, ceramics, raw materials, etc. ...

Even before the advent of the first coins, which were the first universally accepted universal currency, civilizations before that also had their means of payment, which had some specific value. For example, in ancient Roman culture, the medium was salt, the Aztecs used cocoa beans, in Tibet, it was feces strong, while in ancient African and Chinese cultures, shells represented a major value in exchange. But assets that lack stability do not have any value capacity. A bad harvest of cocoa or a new large salt deposit could have thrown your currency and economy into a path of no return. A more stable system was necessary.

What once began as trading in goods has been replaced by the use of standardized money. Coins made of various metals were the universally accepted currency, they allowed people to trade goods in a wider geographical area, these are the first beginnings of a market economy. The use of coins also meant that they were now controlled by the authorities, and the minting of coins regularly and predictably enabled economic growth and stability. Money and political power were inextricably linked and centralized, and the use of coins worked as long as people believed that the king or emperor who betrayed them was not stealing on metal content.

As society progressed and brought with it a more modern economy, carrying a bag of gold or silver was neither the safest nor the most convenient thing to do, and the banks then came into play. The banks would then issue pieces of paper in exchange for gold and silver, and these papers represented the money the person had deposited with the bank. These papers issued by the bank did not have any value in themselves as they had gold and silver, but these papers were backed by valuable metals (gold, silver), and these valuable metals were safely stored and stored by the banks. So securities issued by a bank were a much easier way to trade and send money than would be the case if we had to tow a gold trailer to enter into a new business