Black Money Business Jobs : Understanding Money (Basics)

Discussion in 'Black Money Business Jobs' started by Shikamaru, Jul 11, 2011.

  1. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Money serves (4) functions:

    1. medium of exchange
    2. store of value
    3. unit of account
    4. standard of deferred payment

    For more personally, it has been necessary to transition from an emotional view of money to that of a rational one. The emotional will still have some bearing with respect to security. Secondly, continuing education on all aspects of commerce, finance, economics, and money has been quintessential.
     
  2. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Money, from a metaphysical perspective, is energy.
    That energy will be a reflection of you and your personal state.
    Money is also an amplifier. It will amplify whatever state you are in.
    Money is also a good indicator of one's financial discipline.
     
  3. Destee

    Destee destee.com STAFF

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    Brother Shikamaru ... can you give us some 'every day examples' of when a person views money too emotionally, and not rationally.

    I have a feeling that most of us do it, but probably don't recognize it as such.

    Thanks in advance.

    Love You! :D

    :heart:

    Destee
     
  4. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    The best example I can think of at this moment is when a person's lifestyle exceeds their income.
    My opinion, you can have a good lifestyle as well as good income so long as the former does not exceed the latter.

    Another is investing out of fear rather than out of having a goal and plan.
     
  5. Destee

    Destee destee.com STAFF

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    Okay Brother ... that's a big one ... living beyond one's means, is emotional and not rational.

    That's deep.

    But what of those that live beyond their means, and their means are just so low, way below poverty?

    Is that emotional too ... or is there some other view (categorization) of money they have?

    I ask the question above, considering this group of folk, no doubt due to my emotional tie to them.

    I was having a conversation this weekend with a Brother, and presented some of the same to him, and he pointed out that most of us can do without a lot of what we spend our money on (even though in our hearts, minds, emotionally, we feel they are needs).

    For example, i said that the Single Black Mother struggling to provide for her Family, rarely has any "extra" money, so when she does get a bit of extra, she wants her children to have a new pair of shoes, or go get them a treat, for their being so good all the other days ... and he said yeah ... but she doesn't have to buy $100.00 gym shoes for them, she can get a cheaper pair.

    I had to agree ... and now talking with you ... i see how emotionally driven the choices are.

    The Mother is feeling inadequate, wanting to make up to the babies, give them some of the good stuff ... but rationally ... it would be better for all, the long run, if she saved the money ... let the babies wear the same shoes if possible, a little longer. That's hard to do though, when your babies want what other children have, and you want some of that for them too, especially basic things.

    I am that Single Black Mother, raised babies like this, and imagine other Mothers have felt the same.

    Felt. Is that automatically an emotion, because we feel it? Bringing into question its rationale?

    Okay ... i think i've just asked and answered my own questions, and posed new ones ... or sump'n ... :)

    Hmmm ... maybe not ... you tell me ... :)

    Thank You! :grouphug:

    :heart:

    Destee
     
  6. Destee

    Destee destee.com STAFF

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    I think i'm getting off topic too.

    Seems like we need a thread on ... The Emotion of Money ... now that i've learned of it ... :)

    Sorry. Love You!

    :heart:

    Destee
     
  7. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    This merely my opinion: those who are in poverty need the knowledge as well as a change in habit of how to play the financial game.

    Also, some jobs are considered more "financially valuable" than others. We would want to move ourselves into those jobs or positions which pay better either by gaining skills, starting a business, learning how to sell, etc.

    We would also need to account for those factors that work against us i.e. prejudice, negative behavior, inflation, etc.

    Those are tough....

    The way that I think is working to defray expenses, say perhaps growing a garden of fruits and vegetables. Great way to teach kids some skills as well.

    You can still buy the stuff you desire. I would merely seek to do it so that it is as cheap as possible or second hand.

    Money, in terms of unit of account, is numbers. Numbers are the realm of logic.

    I do have to reveal that part of my opinion on this comes from investing newsletters. The two emotions that primarily drive the market are fear and greed. If you get fearful or greedy with the markets, you will lose money. Those people are most successful in the markets (an extreme minority) are those who have developed their own plan for removing their emotions from their investing or trading.

    For me, security is important. If I am in a a state of non-security, then I get stressed. So, I build my plan to always account for safety to keep my emotions out of it. Works well for me.

    On the flip side, humans are not robots :). That is why I like to incorporate an outlet for emotions into a plan. Perhaps an account for "goof off cash". Another way to alleviate financial situations is how you buy.

    It would be good for Nubian women to perhaps network or come together as a group to start a garden?
    A network to look for ways and means to buy stuff cheaply or buy in bulk? The greater items are bought in bulk the greater the quantity and number of goods.
    A network to read books on finance and money so that the entire group can share their knowledge amongst themselves?
     
  8. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Money is a creature of law.
    Money would not exist without some government to back, adopt, or create it.

    Money is made through some specie of property whether that property is labor, land, chattels, rights or prerogatives, documents (paper), or money itself.
     
  9. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Given that money is a creature of law, money is like a coin.

    The obverse is commerce, economics, finance, and other subjects even remotely tangent thereto.
    The reverse is law and custom.
     
  10. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Credit is actually debt.
    Credit is access to a lender's resources.

    Credit is also a form of deferred payment, number 4 of the functions of money.
     
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