The Money Myth
Introduction – Money, Wealth, Assets & Value

Money is not the root of all evil. Power is the root of all evil…

Money has become the tool of evolution – merely an exchange mechanism – to invoke power and control populations. We are educated to aspire to having money but truth is that we are also manipulated through our lives never to become wealthy and to always live under the fear of money.

Taxes, inflation, re-selling of natural resources, dependence on wages; over centuries we have become beholden to the Power of the world’s so-called wealthy. Sadly, in western society, we have been led to believe that money brings us power, and riches are a status symbol whereas, in fact, money has only achieved selfishness, segregation, fear and vulnerability. Many have bought the lies that cement these beliefs while few acknowledge the truths.

You and Money

It is possibly even worse than you first suspect!

Have you ever wondered how, if or whether you can ever be ‘rich’? Consider these questions:

– Do you have money?
– Do you consider yourself comfortable?
– Do you have status through money?

Yes? Hold that thought…

– Do you rely on your job, business, insurance, government or pension for income?
– Do you have control of the value of property or assets?
– Would your money provide for you and your children in the face of economic, political, social or natural disaster?

So, are you wealthy? Or, really even comfortable? Do you believe more money will solve your problems or improve your life?

Most of the world live in some form of fear predominantly caused by money. If you have none, you fear how you will survive while, if you have some, you fear how you can stop it running out. More money is unlikely to resolve the average person’s problems or make their life better, simply because more will not allow control over the machine that controls your life.

Wealth Distribution

It is a stated fact that the wealthiest two percent own half the world’s wealth. With an estimated 6.974 billion people in the world, this suggests that 139.5 million people are ‘wealthy’ while the other 6.8345 billion, on an equal basis (which we know isn’t the case), would have approximately 0.00000000732 percent each or, in simple terms, not a lot!

But, before you get too upset, if everything was shared out evenly then each individual would only have 0.00000001463 percent each. Still a long way from

Furthermore, it has been stated that the wealthiest one percent own forty percent of the wealth so that’s a big come down in value for the next one percent! It is a fair estimate that the ownership percentage will continue to reduce as the world population continues to grow but primarily in poor or poorer regions of the globe.

Understanding Wealth

But STOP! Wealth is not the same as money. So, what is wealth?

Wealth is defined as Assets minus Liabilities. Therefore, Wealth is a man-made concept that results from a determination of what are considered Assets and attributes Value to them.

In modern history this has resulted in the creation of many intangible assets such as copyright, while it has also determined the value of assets as being far in excess of the cost of effort needed to create them.

To measure wealth it may be better considered for what it brings which is ownership and/or control, which in themselves translate to Power. But wealth certainly doesn’t equate to money or cash.

Money is simply a representation of wealth: an exchange mechanism used to make the intangible tangible. Theoretically money should be directly proportional to wealth but, as you will come to discover, this is far from the case.

Bizarrely, by the definitions we use daily, a nation (or even an individual) can effectively be considered wealthy but poor. A contradiction? No, because if you imagine a poor country that is known to have natural resources of oil or minerals then it would be considered wealthy but without the ability to extract that resource it is supposedly poor. Until it can release its wealth through extraction and transfer the value of the commodities to another party it cannot become ‘rich’. This is ironically by reducing its wealth through ‘selling’ its assets and transferring them into money. But once these natural assets have gone they will never return.