About Money

In this post, i want to share some of my view about money...

1. Money is medium of exchange in its basic sense...but in broader sense, money represents value, potentiality, aspirations, time and labour....Money derives its value from its usefullness...from its users..
2. Today's money is called FIAT money...as there is no real asset ( GOLD) backing of money...any government can print as much money they want...
3. Inflation is the real enemy of money...It decreases the purchasing capacity of money.
4. Money changes hand very quickly.
5. It is more difficult to keep or protect money than making money.. Todays wealthy family becomes day to day earner within very short span of time (may be 100-200 years). 

So, My conclusion , it is more vital to protect the money from devaluatating than earning it..