What really is money? How much do you understand about money?

In the old days people exchanged goods a process known as barter trade. You would come to the market place with you cow and exchange it for two bags of corn or whatever you needed that was worth your cow. There was no credit card, check or green bucks.

Some items we more valuable than others. For example one horse would fetch 4 bags of corn, while a donkey would fetch half a bag.

For one to be wealthy you had to accumulate the items that are valuable. Supposing you required horses. You would sacrifice yourself feeding them well, ensuring diseases are kept away and have them clean and healthy. That way their market value would be high.

This same analogy applies in today’s life. What you bring to the marketplace determines how much you are worth. Some talents are valued more than others. If you area a comedian and can make people laugh, you are more valuable than some boring introvert.

If you have generally a skill that takes long to acquire. You worth is more than a doorman or store clerk. A heart surgeon for instance fetches more than a nurse.

To amass a fortune you have to acquire a skill or talent that is highly valued and pays handsomely. You would have to have managerial skills, leadership traits, entrepreneurship abilities, sporting talent, even speaking abilities. If you carefully search you will know which skills pay more than others in you economy.

I can tell you on thing, none pays more than entrepreneurship.

All these skills can be leant and acquired. That is why all rich people are constantly learning. They read a lot and continuously improve themselves. Most have huge libraries. Whatever ability they do not have they pay any price to acquire it.

Once you have acquired a money making skill you must know the secrets of money. You must practice the bathroom theory. You must ensure that whatever money that comes in you must retain part of it. Otherwise you will go broke. You see this with celebrities all the time.

For you to have a fortress one more thing is needed. You must understand money thoroughly. Treat money with care and caution. Money goes to those who work, value it and respect it. Those who can do worthwhile things with it. It will runs away from those who show disrespect and are careless.

If you are seeking money for worthwhile causes then you should have no limits. Believe in your self and every door will open. You can acquire any amount you think of. Never shy away from riches as some people do.

By practicing this timeless wisdom you will slowly and steadily start to build a financial portfolio. The more you understand and respect money the more and faster you accumulate it. A study of any billionaire will show this to be true.

It may take you seven years to make you first million but the second one will probably take under a year. Thereafter they start rolling one after the other.

James Abugah is an online entrepreneur http://www.moneyandsuccessonline.com/