Shaz and Kieron delve into the origins of money and its evolution throughout history, focussing upon the importance of understanding the history of money in order to gain valuable insights and lessons that can be applied to various aspects of life.

From the barter system to the development of standardised coins and the transition to fiat money, the team explore how money has been used as a means of exchange and a tool for wealth creation, and discuss the concept of money as a tool and how it can be used to invest, accumulate wealth, and achieve financial goals. 

KEY TAKEAWAYS

• Understanding the history of money is important because it provides insights into the fundamental concepts and principles that still apply today.
• Money is a tool of wealth, not wealth itself. It is a means of exchange and should be used strategically to acquire assets and investments.
• Throughout history, money has evolved from the barter system to standardised coins, paper money, and now digital currencies.
• The value of money is based on trust and credibility in the institution that issues it, as opposed to being tied to a specific commodity like gold.

BEST MOMENTS

"Money isn't wealth. Money is a tool. It's a tool of wealth."

"Money as the root of all evil, the love of money as the root of all evil. Money doesn't exist. It's an inferred value." 

"If you understand what money is, then you can start looking at it slightly differently." 

"Money is a means of barter. It's a means of exchange. It's a tool to get you from point A to point B in a more efficient manner."

VALUABLE RESOURCES

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Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.