Money is a tricky thing.
It’s one of the things that can make or break your financial health. It’s also something that you might not understand at first, because it can be hard to wrap your head around.
But don’t worry—we’re here to help! In this email newsletter we’ll be discussing what money is and how it works. We’ll also talk about the difference between money and currency, as well as how money was created. We’ll end by talking about some of the problems associated with money, and how we can avoid them.
So sit back, relax, and let’s start at the beginning: what is money?
It’s time to talk about money.
What is money? Money is a medium of exchange, it’s the way that we can buy and sell stuff. It’s also a unit of account, which means it has value because people will accept it as payment for something.
Money can be physical or digital—it all depends on who you’re dealing with and how much money they have. Physical money is like cash: you can keep it in your pocket, in a wallet, or even under your mattress! Digital money is stored electronically—you can use it online through PayPal or Venmo, for example.
What’s the difference between money and currency? Currency is a government-issued form of currency that circulates within their borders. Money is not controlled by any single individual or entity, but rather by people trading with each other. If you have 100 dollars in cash and 50 dollars in gold coins (the kind that don’t have serial numbers), then you have 100 dollars worth of currency at that moment. But if someone gives you 10 dollars in gold coins (the kind that do