Is it really December 5th already? Wasn’t Halloween just yesterday? Didn’t I just eat turkey, cranberry sauce and so much more on Thanksgiving?
Oh, I remember: I survived Black Friday! After that everything’s a blur of motion hectically moving toward the Big Day, which will once again come too soon and fly by far too fast.
Like you, I’m thinking of a million relatives, friends and people whom I’d like to help this Christmas/Holiday season. Unfortunately, most will get only warm thoughts and good wishes this year as we all struggle to make ends meet in a tough economy.
Still, I can’t help but be reminded of the wise words of American educator and author, L. Ron Hubbard: “Money is an idea backed by confidence.”
The notion of confidence controlling money and, by extension, the economy provides us with a formidable weapon to win the war of personal and national budgeting. We can choose to remain confident despite any and all obstacles, natural or man-made, that come our way or which we proactively challenge. In other words, the ebb and flow of our money relies upon our confidence level that what we produce others will buy. When we are confident that our money-time-energy spent will result in more money or valuables returned, the swift flow of money continues and does not slow, ridge up or stop.
And isn’t confidence really another expression of trust?
Before money, people bartered. A bushel of corn traded for a cache of fresh fish, for example, satisfied the hunger and needs of both parties. But what if the fisherman failed one day to catch any fish in the stream, what then? What if he found a gold nugget in that stream and offered it to the corn grower in exchange for more of his corn? Would the farmer accept the gold? He would, if he had the confidence that the gold he took in would be accepted by another merchant in exchange for their goods or services, wouldn’t he? And so the flow of any economy on any level goes.
“Money is an idea backed by confidence” works. Although we cannot control the quality of our crops at all times, or the size of our harvests; though we cannot always catch the amount of fish we want in our creel, we can control our confidence level and trust that what we find or create will maintain acceptability and trade value among the many people and groups, which make up our personal and national economies.
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