In 2006, Every single person in one of the poorest countries in the world became a billionaire!
People in Zimbabwe had so much cash that they started using it to light a fire, create wall
papers and gave their children millions of dollars just to play around.
And that happened because the government started printing money at significantly fast speed.
Prices started growing so dramatically that the price of the bread use to increase by
billions of dollars within hours!
They even printed a trillion dollar note which turned every other person into a Trillionaire.
Or to be more precise a worthless Trillionaire! and now lets talk a look at how you can become
a multi-millionaire ,who can give to his kids couple of millions of dollars just to build
a paper house out of hundred dollar bills.
In the past, before the invention of money, people use to barter.
Directly exchanging goods for goods.
I have milk and you have a pair of shoes, and I need a pair of shoes and you need milk,
a successful transaction is possible.
But what if you are not in need of my milk but I still want your pair of shoes!
A transaction cannot be completed, unless I beat you up and take them by force.
And thats why as we progressed, we came up with something that everyone wants and named
it - Money.
And now i can turn my goods and services into money and exchange them with whatever I want.
But today in the 21st century, we turn our time into money, So Each and every single
dollar that is in your wallet represents a certain amount of your time.
In other words, whenever you are buying something, you are literally giving away part of your
life, because at the end of the day, your life is all about limited number of hours.
Before you buy that shirt fort 60 bucks, assuming you make 20 dollars per hour, ask yourself
if you are ready to work for 3 hours just to have that shirt on you!
or for 50 hours just to have the latest iphone!
With that question in your mind, you will start saving a ton of money which you can
use to start investing, but we will talk about that in another video!
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Thanks for watching and I will see in the next one.