Let’s talk about money

30.08.2017 | The Future Of Money

Perhaps one of the most fascinating concepts of the contemporary world is the concept of money. With the various schools of thought that exist around money, you’d sometimes be forgiven for thinking that we are living in parallel universes and realities!

First School of Money – Old School

The old school of thinking on money is that of tangible goods (banknotes, coins and precious metals). In this world, money is akin to a treasure that you can hide next to a tree in your garden. You might even forget about it and a long time after you have died somebody else will unearth this treasure. It’s like one of those classical stories for kids where everything seems to be a search, a quest and a fight for a fantastic and mysterious treasure.

Second School of Money – Modern School

There is a second school of thinking. The modern school of money believes in the power of electronic devices, credit cards and online transactions. Often the people who treat money in this way are aware that money has more in common with mathematical and computer simulation than it has with ‘physical reality’. However, they still hold the hope that money is a treasure that you can either hide in your own garden – or discover in somebody else’s garden. They are a caught in between the old school and… Well, what comes next?

Third School of Money – Postmodern School

The postmodern school of money, or ‘postmoney school’ is one that understands that money is first of all a concept, an idea and the way we communicate. As a concept, this means that everyone can be a producer of money, not just a consumer. The postmodern money-thinkers already have their bitcoins and their local currencies. The list of ‘community currencies’ is a long and growing list, from Arizona Dollars in the US and Bristol Pound in the UK, to Balatoni Korona in Hungary and Saber in Brazil, to name just a few.

A totally different perspective on money

There is also a school which would love to see all these things from a completely different perspective. This school values social development and social prosperity over all else. The symbol of this school of money is Universal Basic Income. Supporters of this school see their thinking as the only way to give mankind a chance to pursue its dreams – in a world where robots, smart software and artificial intelligence will, in time, radically transform the job market as we know it today.

In June 2016, a referendum was held in Switzerland to decide whether every Swiss citizen should receive a guaranteed monthly income of 2,500 Swiss francs (£1,755; $2,555) for adults (and SFr625 for each child). The idea was rejected, but the Universal Basic Income movement is very strong and popular in many developed countries.
It is a fascinating situation that we now find ourselves in. Money is no longer a mysterious power or a phenomenon that we cannot control or even fully understand.

Money is now something that you can fully comprehend, earn, save and invest – you can create it too.
We want to help you understand all these ‘schools of money’ and to choose the best option for you. Our world is nothing more or less than our own perception. This means that your financial reality – your abundance or your poor return – depends on your own perspective, the mindset that you develop and the attitude that you apply.

The Financial Manifesto

As you will see, all the various schools make sense. However, they often do this in a totally different way.
And that is why we have created our project The Financial Manifesto. Here we carefully examine all aspects of money and recommend the best choices and ideas. Please take a look. We would welcome your comments and suggestions on this!

Money has always been intrinsically linked to our emotions and ambitions. That is why financial markets often behave in such an irrational way. Ambitions and emotions can make our thinking full of biases and inconsistencies.

However, money can be perfectly explained by mathematics. This is why money seems to be a great tool for both economics and social structure.

In my opinion, it is the tensions between predictability and clarity (mathematics) and irrationality and biases (emotions) that makes money such an ambiguous and challenging topic. Let’s be honest, money is a fascinating and exciting topic!

But, it is very easy to learn how money works and how you can manage it. In fact, it’s so easy that we are led to believe that not everybody should be allowed to hold such knowledge.

Does this sound a bit like a conspiracy theory? Perhaps. However, it is the truth.

Financial institutions and business use marketing to build and manipulate our specific mindset about money: to make us consumers, to buy things, to spend money – to not think too much and not to ask too many difficult questions.

We all know this, but we agree to it because it is the simple way for an easy life – a life where you don’t need to take any responsibility or make any serious, independent decisions.

What we aim to do is to encourage you to take responsibility and to make excellent decisions about your future. When you do that, your life will change dramatically. For the better.

 

Andrzej Manka

Andrzej Manka

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