Brian Tracy explains the origin and function of money (barter evolving into commodity money like gold and shells) and presents the central claim that an individual’s primary financial asset is their earning ability. He argues that increasing pay or promotion requires increasing the value of one’s work by developing skills and contributing measurable value to others; money is described as a method of exchange reflecting value contributed. The piece closes with calls-to-action to engage with his other resources and to take concrete steps to increase earning ability.
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If you want to be paid more or promoted faster, you have to increase the value of the work that you do. Hello, I'm Brian Tracyn. Today I want to talk to you about the science of money. Now, I've done a lot of research on this topic and I've just completed a program on the entire subject and history of money. It's interesting that most people think about money all the time and most people don't know very much about it. Sometimes they don't know anything. What I do is I try to explain where money comes from. At one time, there was no money, there was only barter. If you caught a fish, you would trade with the person who had cut down a pineapple from a tree. If you made boats, you would trade with a person who would be build your house or your hut. Everything was always trading goods for goods. This eventually became really awkward and clumsy though. So finally we had to find something that everyone valued. The solution became things like precious stones like gold and silver, or even brass and copper were used as currency for a time. During the early times of the United States, beautiful seashells were also considered to be what is called a store of value or a form of money. What does this mean to you? Well, your most valued financial asset is your earning ability, your ability to earn money. Now, where does the money come from? What happens is you trade your labor, mental, emotional and physical for money. And then you take that money and you buy the results of the labor of someone else, whether it be at the grocery store or the car dealership or the clothing store. What we do is we trade our labor for money and then we trade that money for the labor of other people. So if you want to be paid more, promoted faster, or increase your earning ability, you have to increase the value of the work that you do. There's no other way. In our world today, we do not have an income gap, we have a skills gap. The whole subject of inequality is unfortunately, self determined. People decide to be unequal to others, especially in earning ability, because they decide to stop learning and growing and becoming better in their field. The thing about money and the science of money is that you can have all the money you want and earn it honestly by contributing value to other people, by doing things for other people that are valuable, important, and help them get the results they want and they will pay you for. This is the basis of money. When you start a business, it's very similar when you work for a company, it's the same thing, but money is merely a method of exchange. For the quality and quantity of your work, which enables you to buy the quality and quantity of work from others. So before we wrap up on this subject, I'd like to leave you with a thought to share with your friends and followers. It's simply if you want to be paid more or promoted faster, you have to increase the value of the work that you do. If you haven't seen my other videos about how to build your wealth and increase your financial position, take a look at my channel now. I'd love to hear from you. What one thing can you begin doing today that could potentially increase your earning ability in the future? Whatever it is, leave a comment below and I'll be sure to follow up with you. For more resources on building wealth, Visit my website, www.briantracy.com. thanks for watching. And remember, if you want to change your future, take action. And take action now. If you enjoyed this video and you feel it was valuable in teaching you about how to build your own wealth, subscribe to my channel and share this video with your friends or anyone else who might benefit from this information.
