How to Make Your Money Work for You – And For the World
June 1st, 2021
By Estee Horn
Guest Writer for Wake Up World
“Wealth is nothing more or less than a tool to do things with – only a means to an end.” Henry Ford
Do you know what your money is working about?
We all put our money in hands of firms that invest it. It can be our insurance companies, the savings accounts in our banks, or our investments, such as our pension funds. We use to think about each of these accounts, if we think about it at all, as a safe where our money lounges contentedly and multiplies.
Unfortunately, this is not the case.
These financial firms use most of our money to make investments according to their questionable preferences. Their choices, however, often work against us.
Money moves the world, the saying goes, and it undeniably does to some, big, extent. We better know how our money works, then, so we can move the world in the direction we want it to go.
We better know what investments are, which are the beneficial ones, and which are the bad ones. That way we can let our money work both for us and for the world. As the economist Thomas Piketty says,
“The principal mechanism for convergence at the international as well as the domestic level is the diffusion of knowledge.”
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