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Informationen zum Autor Scarlett Cochran is an attorney, financial expert, and entrepreneur. In her career as a lawyer, she worked on behalf of everyday Americans at government agencies, including the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, and the US Department of Housing and Urban Development (where she worked on fair lending and equity issues). Since launching One Big Happy Life, Cochran and her partner, Joseph, have touched the lives of millions. She loves hanging out with her two kids and slobbery Newfoundland and watching sci-fi/fantasy television shows. Her favorite author is Octavia E. Butler. Klappentext "A new, holistic way to understand money and find your own path to financial freedom from the wealth-building expert behind One Big Happy Life"-- Leseprobe What Is Money? When I was a kid, Monopoly was my favorite board game. I loved the thrill of buying new properties, each pass around the board bringing me closer to collecting a matched set. Once I had a full set, I'd upgrade my real estate with little green houses all lined up in a row, only to demolish those houses and replace them with hotels. And I loved collecting the ever-increasing rents whenever someone landed on spaces that I owned. While playing the game was fun overall, playing with the money was my favorite part. Those slips of colorful paper, each worth more and more. I collected them in neat stacks along my side of the board. I had a thing for the bigger bills, especially the bright orange $500s, which were, of course, the hardest to get. As soon as I had enough money, I'd exchange my smaller bills for bigger denominations at the Monopoly bank. My family found this so exasperating that as soon as I could count well enough, being the banker became my permanent job, which I didn't mind, not one bit. I'd get excited as my orange stack grew and would mourn the loss of each bill whenever I had to break one to pay rent to another player. Monopoly taught me so many invaluable lessons. That money could help me buy things. That there were things that money could buy that would help me get even more money. That I could strike a deal with someone that would leave both of us happier and wealthier. That I needed to balance spending on new properties with saving reserves in case I needed to pay rent because I landed on someone's property, or if Chance dropped an unexpected bill in my lap. I learned that if you run out of money, it's game over unless you have assets that you can use as collateral for loans. Manage your money wisely and you could get it all back and win. I also inadvertently learned a few less-than-stellar lessons, like the person with the most money at the end always wins, and that winning often means having to financially decimate someone else along the way. (Thankfully, those two are not financial facts. Building wealth isn't about racing to be the person who gets the most money the fastest. Also, it's entirely possible to grow your wealth ethically so that everyone can thrive. We'll talk more about how to tell the difference between facts and thoughts in part 2.) At six years old, I knew very little about money and finance, but I knew enough to know that it was just a game. I knew that whole rainbow of bills was useless to me in the real world. I couldn't take that orange $500 bill to the store to buy real candy, not even the sour apple kind that I loved so much that cost only a penny each. Because Monopoly money wasn't real money. For a long time, all I knew about real money was that I needed it to buy things-groceries, movie tickets, cars, clothes. For something that has such a major impact on our lives, many of us have remarkably little insight into what money is and how it works. Why You Need to Understand What Money Is What is money and why is it valuable? Why is it even a thing? Those are...
