When you were a kid, did you ever have a lemonade stand on the side of the street? I remember having a lemonade stand. I had to go out and buy the lemonade, borrow some of my mom’s pitchers, and set up the playing card table. It was quite the operation!
Then came the big decision: How much should I sell this lemonade for? 25 cents? 50 cents? A dollar? What a predicament. I was doing what nearly everyone else in America does when they sell something. They ask themselves how much their product or service is worth!
Now when we’re buying something, I think we tend to go through a different process. We’re trying to push the price down instead of up. The sum total of these decisions becomes the value of the dollar.
You know all of this already. Why bring it up? I think it’s important to remember that the value of money is nothing concrete. It is negotiable based on how we perceive money.
What does this all mean in the practical world? The higher we value money the more we will save it. Remembering that investments can multiply your money will make you think twice about that cup of coffee from Starbucks.
It’s all a mind game. The more you care about the game the better you’ll do. Rethink money and you’ll transform your life. The value of the dollar is whatever you make it to be. Turn it into wealth!
! John wrote two articles for the book: "Budgeting for Groceries" and "How Grocery Stores Work."
