There are 5 different types of money: Fiat, commodity, representative, fiduciary, and commercial bank money.

• Durability.
• Portability.
• Divisibility.
• Uniformity.
• Limited Supply.
• Acceptability.

Terms in this set (6)

• Durability. Durability.
• Portability. People need to be able to take money with them as they go about their business.
• Divisibility. To be useful, money must be easily divided into smaller denominations , or units of value.
• Uniformity.
• Limited Supply.
• Acceptability.

The six characteristics of money are durability, portability, acceptability, limited supply, divisibility and uniformity. Money acts as a unit of account, a medium of exchange and a store of value. Durability means that dollar bills or coins are easily replaceable should they become damaged.

You’re not alone. But new research suggests that prioritizing money over time may actually undermine our happiness. A mountain of evidence shows that, on average, wealthier people are happier. But making lots of money will not inevitably boost your happiness.

How To Live a Rich Life Without Lots of Money

1. Learn to accept yourself. It can be hard for you to understand that money should be not a top priority.
2. Become creative. You need to become creative to manage your personal finances and remain happy even if you don’t have much.
3. Stay authentic.
4. Do what you love.
5. Stay gentle.
6. Become generous.
7. Build relationships.

10 Easy Steps to a Luxury Lifestyle

1. Slim down your schedule.
2. Go tech-free for a day.
3. Break those bad habits.
4. Buy something you love…
5. Focus on healthy living.
6. Try something new or learn a new skill.
7. Build better relationships.
8. Take regular time outs.

9 Simple living tips and ideas: how to live a simple life and be happy

1. Quieten the digital noise.
2. Watch less TV.
3. Live in accordance with your means.
4. Declutter your home.
5. Single-task.
6. Set realistic goals and reward yourself.
7. Appreciate the little things and practice gratitude.
8. Embrace the white space.

That said, Rs 60 lakh is a good target number for us to work with as an illustration of how your quality of life might change as your income rises. Income Level 1: You’re making less than $20,000 or Rs 12 lakh. For a family of four with a household income of less than Rs 12 lakh life is tough.

When you vibrate at the frequency of luxe now, you manifest it faster than ever. When you embody the energy you desire to have in the future, you attract all that is on the level of that incredible energy. You can truly live and breathe at a vibration where you get to have it all. The luxury accommodation or apartment.