Not everyone sees money as a game. In fact, to many, money is a fact of life that we have to deal with when the circumstances arise, many fall short while a few rise above it.
Since it will mean a different thing to different people, it's definitely not necessary to see money as a game. However, there is a case to be made for seeing money as a game. Not only will it bring more life and interest to the topic of money, but it also introduces the opportunity to become good at it through understanding and playing the game.
The main characteristics of a game is that there's an element of competition and a multiplicity of players. One could say that we're all playing the money game whether we realise it or not. While some are robbing Peter to pay Paul, others are paying Paul without robbing Peter and the rest are robbing Peter without paying Paul.
This post explores what it means to be good at the money game and why we should be good at it.
Upon realisation that you're in a game, there's usually two responses you can make. To feign expression and totally deny it or to accept it and find ways to go about it. For the former, there is nothing to do while for the later, a world of opportunity and growth lies ahead.
Unlike climbing Mount Everest, being good at this money game isn't something that only a few can or will attain. It's easier than climbing that lofty mountain and it is attainable to many if not almost all.
Realisation means to be conscious and one of the first steps to be good at something is to be aware of it. While understanding means being conscious, to really be good at the game requires playing the game.
What I'm trying to say is that being good at the money game is a two part process in which you understand and play the game.
Understanding is simply about knowing the fundamentals on what money is about and its rules. For example, the main job of a currency is to facilitate transactions so it should always be moved around and not remain stagnant.
On the other hand, playing the game simply means applying the knowledge you've learn in the understanding phase above. Continuing with the example above, we will know that we should not hold a currency for long, So what we will do is exchange it for something valuable (usually an asset) and hold that.
I feel that the saying ignorance is bliss was relevant in the ancient times. In the modern age, it is not. It's okay to ignore the sky when the sun is shining brightly but when the clouds gather and it is about to rain, ignorance becomes a liability that could lead to one's fall.
So why should we strive to become good at this game? What benefits does it confers?
Well, firstly, knowledge is power. The more knowledgeable you are on all things money, the less influence these money lords and their npcs' have on you, be it on what they say or do. Not only are you able to cut through the bulldust but you also essentially stop being a victim in this money game.
Secondly, more control and freedom. The active players who know the cards at their disposal and how to play them definitely have more control and freedom than the inactive players who have no cards or have cards(by struck of luck) but don't know how to play them.
Control and freedom is something that we instinctively desire and its value is greatly highlighted in moments when we find ourselves not having either of them.
Finally and certainly, the reward. This is one of the main driving force in playing a game and becoming good at it. Although, being good at the money game doesn't guarantee massive riches, the chances of acquiring wealth becomes higher and it is just a matter of time before one becomes financially sufficient.
In reality, being good at the money game is a continuous process in which a loop is created between understanding and playing the game. The more you understand, the better player you become. And the better player you become, the much more you understand.
However, this doesn't necessarily mean it's a never ending process. After your boat has spent time on the river, you will know how to create a strong paddle that will allow you to sail towards the shore and explore the land.
Thanks for reading!! Share your thoughts below on the comments.
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Being vast in the knowledge of the money game will save one from being controlled anyhow. This is why it is expedient to understand financial literacy and understand how money works, by then would one have control and freedom. It is only something you do not know that will have power over and control you, but when you are able to take your time knowing the rudiments and steps of this game, you will definitely be a better player at it with no one trying to outsmart you.
Posted Using LeoFinance Beta
Well said! Financial literacy is really really important. I see people repeating the same mistakes in different forms all because of the lack of correct financial information. Understanding the principles of the game and how to play it will put one ahead of the majority who don't know much about it.
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