What Is Money and How Does It Work?

What is money? How does money work? Why do we use money?

Money is something that most of us spend a majority of our lives trying to obtain, and most of us have very little idea of what it even is.

In the past, some societies used salt as money. Others used sea shells as money.

Over time money has evolved as a medium of exchange and a store of value, which I go over in this video.

If you live in the United States (or any other country that uses fiat money) you may have only used 1 form of money throughout your entire life.

This video sheds light on what makes money money, the different types of money that exist, and also the 6 traits or characteristics of money.

This will be video 1 of a 2 part series that digs a bit deeper into the thing most of us use every day without really giving it much thought.

Enjoy and please share the video!

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ABOUT ME 👇

My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

Subscribe if you are interested in:
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

[WhiteBoardFinance]

*Do you enjoy these types of videos? If so, part 2 will be coming out Wednesday where I compare the money traits of Gold, Fiat, and Bitcoin!*

[leoxx]

Listening to Andrew Tate has brought me here… before he became a multimillionaire he asked himself “what it money?” And here I am now, asking myself the same question, hungry for success.

[bosenify]

Like if Andrew Tate brought you here. I was watching him asking Aiden some questions and I realized I didn’t know the answers either 😮

[DanielIles]

*"Money ain't real, time ain't real"* - Kanye

[CaseyBurnsInvesting]

“Money is the thing that we trade our most valuable resource for, our time. Once we stop wasting our money, we stop wasting our time.” - Vicki Robin

[GenExDividendInvestor]

My wife’s credit card got stolen the other day. I haven’t bothered reporting it, though, because the thief spends much less money than my wife... lol.. jk, I look forward to watching your comparisons to btc and gold.

[Aziz__]

I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.

[Sultanrx]

Enough Money is freedom, too little and you are trapped in a system of paycheck to paycheck until you break out of that cycle by saving!

[kelvinjohnson]

Love The breakdown. I've gradually built my finance and made my first $100k through investing which i've used to start my jewellery business, and with what I’ve Learned over a decade investing, given enough time, solid investments have the potential to double the initial principal amount, but many investors are instead attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses before even getting out. So the onus is on newbies to beware. Having multiple income streams helped me stay afloat in business when the pandemic broke out

[DividendGrowthInvesting]

Money = freedom. My wife is from Germany and before we moved to the states, I told her life in America is great... if you have money. Sadly this is the truth.

[endrankluvsdaloko]

It's really cool talking about the basics like this. I would imagine a lot of people that use money everyday have never really stopped to think about what exactly it is and why it works.

[dawnbell]

I cannot say thank you enough!! I was never taught, but in today's world, we can learn anything now. So glad and will be attending each and every one of your channel!

[davidotero]

This video broke down “what is money” better than my college “money and banking” course did.

[SteveRam]

Thanks for sharing! I’ve made lots of progress and am nearly financially free HOWEVER my only regret is that I had started and known about things like this when I was younger. But it’s never too late! Thanks for sharing!

[johnnylee]

Me and my dad always discussed this, as we tend to get deep at times lol. You made it very easy to understand. U broke it down better than him in a precise and intellectual way as if a college professor with patience would. I’m 43 and wish that this was the stuff I learned in high school. REAL skills.

[turgesten]

Money buys freedom, literally. Financial freedom can be achieved by anyone at all, it just depends on right mindset and the right information. My journey to financial freedom started when I realized savings wouldn’t get me the life I envisioned, I switched to investing. Most of my passive income right now are from my investments in different assets, stocks, etfs, cryptos and the rest.

[nick]

This is a really important video for the average person. They do not understand why we have money and what can happen to it. Also, love the Eddie Bauer!

[Olivier_G_]

Thank you very much Marko for teaching us such important information. It is surely obvious for a few (or many), but you'll be surprised how many ignore this. So, thanks again! Btw the video is of excellent quality: to the point, clear, with a touch of fun, and of high-quality production!

[mastayoda]

This is amazing content, Marko. I love that you wen't all the way down to the fundamentals of what money actually is. People keep pursing money without knowing how really works. I think this is the way to truly teach your audience about investing, assets, and capital... without just believing it because someone said so.

[j.b]

Thanks for the straight forward, simplified, TRUTHFUL videos Marko. Keep up the great work.