{"id":478022,"date":"2023-02-26T10:30:50","date_gmt":"2023-02-26T15:30:50","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=478022"},"modified":"2023-02-26T10:45:54","modified_gmt":"2023-02-26T15:45:54","slug":"money-is-a-concept","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2023\/02\/26\/money-is-a-concept\/","title":{"rendered":"Money is a Concept?"},"content":{"rendered":"\n

Something funny I\u00e2\u20ac\u2122m starting to realize; money is just a concept.<\/p>\n\n\n\n

A thought: <\/p>\n\n\n\n

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Does Elon Musk think about retirement, contributing towards his Roth IRA, and his 401(k)? <\/p>\n<\/blockquote>\n\n\n\n

Certainly not.<\/p>\n\n\n\n

Interest rates from banks? <\/h2>\n\n\n\n

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: <\/p>\n\n\n\n

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You can take a large chunk of money, let\u00e2\u20ac\u2122s 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%. <\/p>\n<\/blockquote>\n\n\n\n

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.<\/p>\n\n\n\n

The real use of money?<\/h2>\n\n\n\n

Some other thoughts in regards to money: what is the real use of money?<\/p>\n\n\n\n

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:<\/p>\n\n\n\n

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Rent should not<\/em><\/strong> cost more than $500 USD a month. <\/p>\n<\/blockquote>\n\n\n\n

For example, one of the outsides of life sharing with Cindy and Cindy\u00e2\u20ac\u02dcs mom\u00e2\u20ac\u2122s family and her mom is that we don\u00e2\u20ac\u2122t 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\u00e2\u20ac\u2122ve seen that in Santa Monica at this new apartment condo called the park<\/a>\u00e2\u20ac\u00a6 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.<\/p>\n\n\n\n