I like that definition. Will have to go read that because that is the weird kinda person I am (prepped in Princeton, Smith for my bachelors, life long learner, stimulate my brain with good things).

Money is also… mmm VALUE. I say that only because in my pea brain, when I hear LABOR I think and hold an image (like I have to go do or be that) of a minimum wage task worker. I realize that LABOR is also Thought, Strategy, or Consulting LABOR. Just, I have to shift it in my mind so I don’t get caught up in thinking my only value is in the TASK of what I do.

It is in the VALUE as well.

And to remember that the same LABOR for one audience may hold a low value, whereas for another audience it is of High Value.

I aim to sell to and service those to whom my LABOR is of High Value.

Happy Dating and Relationships,

April Braswell

Single Baby Boomer Dating Success Expert

You’re exactly right, as the neurosurgeon can command more dollars per hour because people are willing to pay the neurosurgeon more than the poor soul working at McD’s. However, if you could switch the training time around – 12 years, hundreds of thousands of dollars and a very high IQ, to train someone to work at McD’s, and if one could train a neurosurgeon to do his craft in a couple of hours, I think you’d see the salary scale reverse.

To command the high dollars per hour one generally has to have hard to obtain skills that are in demand. It takes both. So, in the end, it all boils back down to money is a representation of labor. It may take more of it to get one skill versus another, but it all still boils down to a representation of labor. Or that’s what I remember from Adam Smith.

Thanks,

Rod

Anthony

Health, Fitness — Darryl Pace
Fitness Product Review

Thanks for your comment, as Pam and I laughed out loud when we read it. It’s good to hear from you.

Rod

I never did manage to stick with it.

Stil… I reckon that this is a useful way of thinking about money. I tend to think about it in terms of “perceived value”. Which I guess is really a similiar thing, expressed in the way that makes most sense to me…

Thank you for your comment. There’s something hardy and wise about those from the NC tobacco farms.

Thanks,

Rod

Your comment about “creating money” reminds me of my real estate professor’s comment about “adding value through creativity”. After making millions as a practitioner, he went on to teach us in Duke’s MBA program. I learned much through him, not just about real estate, but from business in general.

Thanks,

Rod

I think it makes great sense. I grew up on my Grandfather’s North Carolina Tobacco farm. He also only had an 8th grade education and loved Duke.

He educated the young ones about how money is a representation of labor. Your labor and other peoples labor too.

Lynn Lane
Success Strategies For Life

Years ago, a smart young financial market trader said to me,” Money is just a concept.” He related ONE way of money creation from trading successfully in the markets such as the stock indices or forex.

In general, I think money represents the value we create for our customers or clients who pay for those service(s) and/ or product(s).

When there’s a “magical” (or should I say efficient and effective) way of creating money, then we say that we can create money ALMOST out of thin air.

John Ho
Numerology Expert Birthday Numeroscope
Numerology Expert Helps Understanding Personality for Better Influence & Persuasion