What Is Money Magic If Not Work And Saving
Learn What Money Really Is And How The Rich Make It!
There is no such thing as money magic because money must be earned, saved and spent with clear and cool calculation.
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Hardly any other object of human culture has been judged in so many different and contradictory ways as has money.
Here it is praised to the skies, there it is cursed and condemned.
For some, it is man’s highest good, and for others it is despicable.
Yet, once one has mastered certain principles, nothing is so easy as dealing with money.
The most important of these is the difference between ‘yours’ and ‘mine’.
Money Magic Is Property
Many failings in the field of money occur not because of any intention to deceive, but simply because those dealing with money lose sight of the concept of property.
The fact that money can at any time take the place of other material goods erases its boundaries.
Besides this, the fact that the so-called double entry system of bookkeeping has introduced impersonal in addition to personal accounts, is confusing for the inexperienced.
To complicate matters, credit transactions, which are indispensable in trade and commerce, make it possible to confound present with future money.
Borrowed money is never property, is never ‘mine’; it belongs to others and is thus always ‘yours’.
But even the most inexperienced are sure about one thing: Money is a possession, which brings many and great advantages in its wake.
In the primitive barter economy of past ages it was difficult to accumulate extensive wealth.
It was impossible to add indefinitely to one’s herd of cattle because of the supply of fodder, and accommodation was limited, and because cows are mortal.
But with money it was and is possible to acquire anything at any time, and to preserve it.
The invention of money was the pre-condition for the development of the modern national economy.
Money became the epitome of property. For this reason, the need to acquire money is, next to love, the most universal of human urges.
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How To Make Money?
This question and its attendant problems engages more of man’s thoughts and efforts than almost anything else.
The correct answer to the question is: Through work and saving.
But work requires exertion, and saving means forgoing the immediate utilization of income, and thus privation and loss of present comforts.
This requires a strength of character not possessed by everyone.
Man Wants Magic Money
For this reason, men’s thoughts turn to other ways of making money.
Such ways, requiring less effort, or at least less physical effort, and offering much scope to human fantasy, have gradually developed in our modem economy.
People are always trying to get something for nothing:
- Betting
- Lotteries
- Speculating on stocks and exchange
- Lending their savings for interest.
They speculate not only with their own money, but also with borrowed money.
Here, money magic or the magic of money actually becomes tangible.
The amount of work involved in these ways of making money is not very great.
Men also hope for strokes of good fortune, which will make them rich, for accidental discoveries of mineral deposits, for appreciation in the value of land, for gifts from rich benefactors, or even for pennies from heaven.
Whichever way is chosen, ‘everyone clamors for gold, everything depends on gold’.
The significance of money as personal property is not restricted merely to man’s normal day-to-day needs.
Not only do monetary riches permit a greater enjoyment of life by making it possible to acquire the goods and services necessary to live, eat and dress well, so-called money magic enables you to travel and to develop the mind and spirit.
And by affording the means necessary to employ your leisure to the full, magic money also gives its owner power over other people, and over the direction of social life.
All goods can be bought with money.
Money buys other people’s labor, which can be freely employed for one’s own social or economic purposes.
Money empowers those who wield it to make use of personal or material forces.
‘If I can afford six horses, is their strength not mine! They make me feel like a real man, as if l had twenty-four legs.’
He who has money can control the means of production, which led some to demand that these means of production should not be left in private hands, but turned into public property or collective ownership.
Collectivism, however, excludes competition, and it is only through competition that the most successful and the most able can exercise a decisive influence on the social product.
Competition brings the best to the top and provides us with the means necessary to live life to the fullest, provides us with money, property, and wealth.
He who makes money also wishes to benefit from it: He is not concerned merely with creating for others, but also and principally with improving his own finances.
Therefore, the problem of the economically active society is not so much one of manipulating the means of production, but more one of distributing the social product.
Social Product means services such as national defense, law enforcement, road building, etc. that are for the benefit of, and available to, all members of the public.
Differences Between The Rich And Poor
The inequalities in the distribution of the social product, which have existed for thousands of years and the contrast between rich and poor will always remain.
They are the difference between the successful and the unsuccessful, between the talented and the untalented, between the able and the incapable, between the diligent and the lazy.
The economy is governed spiritually and intellectually by technical and organizational ideas i.e. artificial intelligence and institutions.
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New techniques, new organizations, and new combinations are expressions of the spirit.
They originate in the mind of a single individual i.e. Elon Musk, never in a multitude of individuals and never collectively.
Even if an industrial enterprise is subject to the decisions of a collective consortium, in each group new thoughts and ideas always come from individual members.
And all depends on whether such individuals prevail over the collective or not, that is, whether understanding and reason triumph over natural laziness.
Here, it is not a question of a mere expression of ideas, but of putting these ideas into practice.
This is difficult in any kind of group because the habitual interests and ordinary ideas of the majority must dominate.
It was with justice, therefore, that philosophers and poets have said ‘Reason has always been the perseverance of the few, the majority prefers nonsense’.
The consortium or association is ruled by mediocrity and deliberates slowly and clumsily.
For this reason, the masses in times of emergency have often, perhaps too often, granted an individual absolute powers.
Fortunately, the saying that everyone clamors for magic money is not altogether true.
Making money is always bound up with risks.
He who seeks profits must be able to bear losses.
To acquire riches by legal means requires talent, diligence and the renunciation of comforts.
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Most men lack these qualities.
For them, a moderate income enabling them to enjoy life’s ‘simpler pleasures’ is sufficient.
They avoid risks.
Security of income is worth more to them than a possible, but doubtful profit.
Security of work, and provision for illness, old age, injury and unemployment, are therefore, in the forefront of social controversy.
On the other hand, there are many people who seek goals other than mere security of existence.
It is true that this is a minimum requirement of every family, yet many individuals place great value on performing some service in the spiritual, intellectual or social sphere.
Irrespective of whether or not they are rewarded.
Scientists, soldiers, civil servants, clergymen, teachers, politicians, writers and many others fall into this category.
They see their task as fulflling their duties in the fields chosen by or entrusted to them, thereby satisfying a real ambition.
They are the moral and spiritual elite of political society.
It is foolish to rebuke the ambitious.
The progress of the world depends on them, not magic money.
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Money must be handled with clear and cool calculation. Anyone who does not obey this maxim is in danger of tying himself up in all the many ways of earning and spending money. ~ Y.S.
