Our Obsession With Money

our obsession with moneyUnderstanding the mechanics of money management is only part of the equation for financial success.

Money-Mind 101: Financial Management Training for Young Adults delves into the psychology of money, decoding its presence tightly woven into all aspects of our collective consciousness.

From our politics to our passions, the way we speak to how we meet, to how we value ourselves and evaluate others, money permeates virtually all aspects of our lives. Here are just some ways that obsessive fascination has manifested itself in our culture.

Money-isms – Famous Sayings from Famous People

P.T. Barnum: Money is a terrible master, but an excellent servant.

Groucho Marx: Money is a good thing to have. It frees you from doing things you dislike. Since I dislike nearly everything, money is handy.

Oscar Wilde: It is better to have a permanent income than to be fascinating.

Spike Milligan: Money can’t buy friends, but it can get you a better class of enemy.

Bertrand Russell: Money is the accepted measure of brains. A man who makes a lot of money is a clever fellow. A man who does not, is not.

Edith Wharton: The only way to think about money is to have a great deal of it.

Billy Rose: Never invest your money in any thing that eats or needs repainting.

Benjamin Franklin: Remember that time is money.

Mark Twain: When I was brought up, we never talked about money, because there was never enough to furnish a topic of conversation.

Slang Terms for Money – How Many Have You Used?

Bank, bank rags, beans, Benjamin, benji, big faces, big ones, bill, bone, boodle, bread, buck, ca-ching, cash, cheese, cheddar, chips, clams, coin, c-note, dead presidents, deuce, dosh, double sawbuck, dough, ducats, fin, fiver, five-spot, folding stuff, faux Euro, Franklin, gelt, greenback, Hamilton, hay, Jefferson, lolly, lucre/filthy lucre, moola/moolah, paint, paper, readies, rocks, sawbuck, scratch,  spondulicks/spondoolic(k)s,  ten-spot, T.J., twenty-spot, wonga, and wood.

Do you know of other slang terms for money. Please submit your suggestions to info@Money-Mind101.com.

Clinical Terms for Money-related Subjects

Aphnology: the science of wealth

Chrenatomania: money mania

Mammonism: the greedy pursuit of riches

Plutolatry: excessive devotion to wealth

Squandermania: a mania for spending money

Peniaphobia: an abnormal fear of poverty

Money Trivia and History

  • The word “money” is derived from the Latin monere, meaning to remind, warn, or instruct. According to Roman mythology, the derivative title Moneta was a epithet of the Roman Goddess Juno, protectress of funds.
  • The word “bank” derives from the Italian banco. This was a portable bench or counter, from which medieval Italian money changers conducted their business.
  • Paper money developed in Europe during the Middle Ages. It was customary for wealthy families to store their gold, jewels, and coins in vaults kept in the cellars of goldsmiths’ shops. The goldsmiths gave written receipts for all valuables received, and these articles could be redeemed at any time with the proper receipt. Eventually, the receipts themselves began to be used as a kind of currency by people who did not want to take the trouble to go into the vault every time they needed money.
  • The first paper money to appear in North America was printed on playing cards.
  • Economics comes from the Greek word okonomikos which means skilled in household management. Women manage households!
  • The Federal Reserve Act of 1913 positioned the United States as the source of world financial power.
  • Today, one quarter of the world’s population lives on less than $500 per year.
  • A million seconds is the equivalent of 12 days.
  • A billion seconds is the equivalent of 31 years.
  • Select American billionaires include: Gates, Buffet, Bloomberg, Jobs, and Soros.
  • Today a new car costs more than it did to finance Columbus’ three voyages to the new world.
  • Doubling a penny every day over thirty days yields 5.36 million dollars!

Money Links

The Shareholder Activist – The Social Network for Investor Empowerment

The Wall Street Psychologist