We discuss some important concepts on how to think about money. Framing your perspective to fuel financial growth is the whole purpose of this video. In its most basic form, money is a mere utility that allows us to distribute goods without bargaining. Your $20 allows you to buy $20 "worth" of a good or service. But, in terms of saving and spending money, there are different ways to think about the actual value of $20:
1. When you *spend* $20, you're spending a lot more than $20 worth of your income. Why? Taxes, expenses, and the fact that the normal person only works 40 hours a week.
2. When you *save* $20, you're able to accumulate a lot more money than the present value. With cash invested versus under your mattress, it compounds. Your money has more potential than you think, so give it a chance to grow!
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