What is money?

By Randell Tiongson on May 8th, 2019

Most people think they know what money is, but the truth is they don’t. To most people, money is the paper that is in their wallet or the number in their bank account. While we call that money, it is actually not the truth about what real money is. Real money is invisible and cannot be seen. What we call money is a representative of money.

Money is value, and value is invisible. You can experience it, but you cannot touch or see it. The paper, or coin, or the number in the bank is a store of value. What we call money is an agreed upon system of storage of value. When you add value to society, by producing goods or offering services, money was invented to store that value, so that the next time you need to exchange your value for someone else’s value, then you can use money-stored value in form of paper, coin, or number to do so.

The problem with our money today is that sometimes it is not a true representative of value. Because the money system has been corrupted, there are people that know how to manipulate the system to print or manipulate the numbers to create “fake” money. Most of our money today does not represent actual value.

Therefore, in a world where the real money is used, anyone who wants to have money can do so. All they need to do is to produce some value that the society they live in needs, and money will come to them as people who have been producing value will exchange theirs for it. People miss this simple truth because they get blinded by the physical money instead of looking at the actual money, value. If you focus on actual money, it becomes easy to make money because all you need to do is scan through the society you live in and see the need and provide a service or product to fill that need.

However, we need to understand that it is not our money that determines our true worth and as they say, money is only a tool and not the end goal.

For where your treasure is, there your heart will be also. – Matthew 6:21, ESV

For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs. – 1 Timothy 6:10, NIV

 

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What is money?