Money Matters, but Does it?

As a Certified Financial Planner, I must admit to you, that being “rich” is not the goal. It never was, nor will it ever be. But, a song entitled “I want to accomplish all of my financials goals and objectives in a reasonable time frame”just doesn’t sound as catchy. So, I will have to deal with “being rich” as the catch all for all things financial.

With being rich as the “faux goal”, I would like to point out that Money is the tool of my trade to accomplish this goal. While some people swing a hammer, rock a guitar, or slice with a scalpel all day, I deal in dollars and cents.

Because of its importance to me, I have read many books on the topic including: “The History of Money” by Jack Weatherford, and The Ascent of Money by Niall Ferguson. (books are not endorsed by IFS Securities or related parties)

These books are great at detailing the evolution of the mighty dollar so if you are interested in that, I suggest you check out a copy from your local library.(yes USE YOUR LIBRARY)

But for this post I wanted to entertain you with what I feel are the:

10 MOST INTERESTING THINGS I have learned about MONEY through the years…

Why a dollar is called a Buck- In colonial times- Deer or Buckskins were the primary measure of trade.
Why is $1,000 called a Grand -Simply, because around the early 1900’s, one thousand dollars was considered a “grand sum of money.”
Money is actually made of Cloth, not paper. People use to repair bills with needle and thread.
$100 bill is the most counterfeited bill outside the US. $20 is the most counterfeited bill inside the US.
A penny (1 cent) costs 1.8 cents to manufacture.
The largest denomination of US currency was the $100,000 bill printed in 1934 and 1935.
The average life span of a $20 bill is only 2 years and it travels roughly 1,191 miles a year.
The word Dollar is of German descent, born from the word “Daler”, for a coin used in the 1500’s.
By law, only a deceased person can appear on U.S. currency.
In 2016- Denmark, Sweden and Norway are considering going to a 100% cashless society. Banks will not hold/operate with cash. Read about it HERE.

Use this to list to impress your friends and family. It will work, I swear.

I would love to hear what you found to be the most interesting on this list. Feel free to email me at Jared@artoffinancialplanning.com.

As always, you can consult with me to discuss your money thoughts/issues.

Look for future posts on the best ways to invest your extra cash and check out my recent post on Why I own Life Insurance

Thanks for stopping by and I hope you achieve financial success!