Ah Tony there is a net position to look at when you look at who owns the money

Many\most? people are net debtors because of their mortgage, but the other end is forced savings and the building of an asset

Net worth is what you own less what you owe against that

People with a positive net worth are generally well off except if all of it is represented by an asset like a bar of gold or a house and they have no monthly income

People with a positive net worth and monthly disposable income beyong their montyhly basic requirement are considered well off

On the other side are net debtors

Those with only mortgages are in a good position unless they cannot afford to pay them as the payments become due

Those who owe large amounts of credit card debt incurred to buy "memories" and "experiences" and stuff you can't touch or sell anymopre are risking long periods of paying interest

The key to achieving financial independance is elimininating, minimizing, controlling fixed monthly outflows ...full stop.

If there is one cardinal rule in finance it is keep your overhead in a briefcase

If your allusion is to the larger role money plays in the economy, as in government printing money, as in money supply and circulation, interest ratesm, inflation etc, the economy owns the money.

It is a medium of exchange and store of value for people, governments, and all kinds of economic activity as it cycles through an economy

The government backs the money, its value, its trust factor...which is key

If there is no trust in money, %&it happens...like inflation or worse

Your statement is wrong but kinda right in that it kinda speaks to the point

Your attitude towards money and your expectations of your future seem pessimistic, and multiplied over by those who believe it creates what could be come a powerful force


If writing ever becomes work I think I'm going to have to stop