Something funny I’m starting to realize; money is just a concept.
A thought:
Does Elon Musk think about retirement, contributing towards his Roth IRA, and his 401(k)?
Certainly not.
Interest rates from banks?
Apparently currently speaking, there are all-time highs from banks, offering up to 4 to 5% and even a basic savings account, or checking deposit. The idea:
You can take a large chunk of money, let’s say $500,000, or $1 million, and just put it into a standard savings account, and the bank will magically have your money increase 4-5%.
Where did this money come from? It kind of makes no sense to me; the more I think about it, this whole banking system, fiat currency is starting to feel like a scam.
The real use of money?
Some other thoughts in regards to money: what is the real use of money?
The first obvious one is you need a place to live. A lot of people spend a very very large chunk of money either paying rent, buying a house or a condo, paying their monthly mortgage fees, etc. A really funny thought I had:
Rent should not cost more than $500 USD a month.
For example, one of the outsides of life sharing with Cindy and Cindy‘s mom’s family and her mom is that we don’t pay more than $500 a month in rent, sharing a huge suburban home in orange county California. There are lots of downsides of living in a mega complex house with lots of different people and family members, yet, I still think it may be a net positive. Why? You could save inordinate amount of money on rent, for example, I’ve seen that in Santa Monica at this new apartment condo called the park… a studio is $4,800 USD a month, a 1 bedroom is $5,800 USD a month, a 2 bedroom is $8,900 USD a month, and a 3-bedroom is $10,900 USD a month.
So the question is, where did this money magically come from?
Nerds at the computer pushing buttons, and ones and zeros?
My personal thought is in regards to money, the best way to approach things is to create real value and real wealth through real products, real services, real humans.
For example, Kanye West became a billionaire after you started designing and selling inordinate amounts of Yeezy sneakers in partnership with Adidas. Elon musk became the goat after creating physical cars, the Tesla cars, and selling millions of them. Jeff Bezos did it by creating the most epic Netwerk, the insane innovation of having almost any single product delivered to you within two days, one day, or even same day, or even within an hour or a few hours.