Wednesday, January 14, 2009

Modernising Money & Trading Systems.

Hello and welcome to another edition of my views and opinions on cash.

As time has moved on, society has learned to utelise and create a more efficient lifestyle by using cash as an important object in trading. Hundreds of years ago, humanity worked together to get what they wanted and traded skills rather than objects as such.
This old method still gets used today, but seems to be a dying method as such. Imagine how much money you could save, by utelising skills that you know to help someone else, so that in turn you can receive help from them.
An example of this is: You are a mechanic and get asked to repair someone's car - you spend a couple of evenings that week fixing this car and getting it back on the road. As you have done this in your own free time, you receive no loss and even learn from this whole venture as you have more mechanical experience under your belt. Whilst fixing this car, you learn that the owner is a builder, and you need a fence built at home. In Lou of payment, you ask for his expertise on building a fence.
During this whole scenario, no financial costs have risen for you to pay, and you have scored yourself a fence, only doing what you already know.

If more people started to operate this way today, it would save everyone an extreme amount of money, as even though you could have worked the hours required to fix the car, the fence will more than likely cost you more than you have earned. This is because you would have had to have charged it up through a building business - who have to pay tax, mortgages, vehicle and transport expenses etc. Dealing one on one with a trades person can save you more money in the long run and personalise it more.

No doubt, the job may have been quicker and easier to orgainise through a proper business, but still, the cost would probably have been a lot more.

Before deciding to hire expertise, remember to think of all the people that you know, to see if you can get the job done 'under the table'. Every cent counts when saving.

Until tomomrrow,

ABL.

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