What IS Money? (And Why Most People Get It Wrong) episode artwork

EPISODE · Jan 24, 2026 · 16 MIN

What IS Money? (And Why Most People Get It Wrong)

from Business is Good with Chris Cooper

Before you can earn more money, you need to understand what money actually is. And no, we're not talking about dictionary definitions.Money is simply a measure of value—nothing more, nothing less. It's the standardized measuring stick humanity invented so we could trade efficiently. Before money, early humans faced chaos: How many eggs is a goat worth? How does a philosopher survive when you can't eat ideas?The ancient Mesopotamians solved this around 5,000 years ago by creating the shekel—a standard weight of barley or silver. The first actual coins came from the Kingdom of Lydia around 700 BC. Every successful society since has needed some way to measure and exchange value.This episode breaks down the fundamentals: the difference between money and currency, what "fiat" actually means, and how cryptocurrencies and stablecoins work—all explained in plain language you could share with your kids.But here's the critical insight: if money is a measure of value, then there's only ONE way to earn more money—create more value. You can do this through volume (more work), specialization (rare skills), or creation (making something valuable to others).Your Golden Hour task: List what you did today, then write what value each action created for someone else. This simple exercise will transform how you think about your work and earning potential.Stop chasing money. Start creating value. The money will follow.Listen now at businessisgood.comConnect with Chris Cooper:Website - https://businessisgood.com/

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What IS Money? (And Why Most People Get It Wrong)

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