Personal Finance
Question : What is Money?
By Early Retirement SG  •  April 13, 2018
Reader Kuriko suggested a ridiculously challenging topic. And truthfully, I didn't really want to do a post on this. Cos it's a long complex story, it's irrational, and it's pointless to ponder over. I'll explain each of these points statements later. But then I thought, "Heck, I need to do this topic", cos I can't do topics that I like all the time and it IS a worthy topic to write about. Just that I don't particularly like writing about it. Ok, so "What is Money?" Here's the long story short... Based on investopedia... What is money... Going back in history... people bartered for their stuff, but it's not so easy to barter cos there's no medium of exchange, the person selling meat might not need eggs, the person giving eggs might not need beef, etc etc... So essentially, people found a medium of exchange which is usually a rare and precious item. Things made sense when it was gold ......
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By Early Retirement SG
Male, born in 1982. Graduated with a degree majoring in Banking & Finance, Financial Adviser for a period of time resulting in in-depth knowledge of insurance products and marketing techniques of the industry ...
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