Practical Steps to Multiply Money
Wealth is not what you have in your bank account, indeed the money you store in your bank account can depreciate even if you do not touch it. If the rate of inflation is higher than the rate of interest you earn on your fixed deposit, you are actually losing money everyday.
Your money has the capacity to buy less and less if the rate of appreciation is less than the depreciation rate. Money never retains the same weight overtime, it is either appreciating or depreciating in value. The true measure of money is the value of such money and not the amount, such value is also impacted by the exchange rate mechanism.
The quality of technology deployed to make money is what determines whether we are rich or poor. The word “technology” is used here in the broadest possible sense. A human being, for example is a piece of technology.The efficiency of that technology over a given time frame is the determinant of our value. It is what determines wither will we be rich or poor or rich, the value of money is always determine over a period of time.
Poverty is produced by poor technological efficiency. When the technology fails, or the quality of its output cannot match the inflation rate, there is penury.
If you are broke, there is still hope. Being broke is a state, and so it is just a temporary situation. It can be reverse by certain intervening circumstances, being broke is being regarded as a time frame verb. Poverty on the other hand is a title, it is not a state of affairs but a state. When the spirit is broken the man is broken, he becomes none-man, a different type of species with no redemptive qualities. He suffers from an affliction of the social kind and is therefore avoided like a plague. A broken mind is an exile beyond our city walls, his mind is broken because poverty bends the mind and destroys economic assets, in particular, the mind, the will and the emotions.