Money is anything that is generally accepted as payment for goods and services and repayment of debts. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value, and occasionally, a standard of deferred payment.
Money originated as commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money is without value as a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private". By law, the refusal of an offer to pay in legal tender extinguishes the debt in the same way acceptance does.
The money supply of a country consists of currency (banknotes and coins) and demand deposits or 'bank money' (the balance held inchecking accounts and savings accounts). These demand deposits usually account for a much larger part of the money supply than currency. Bank money is intangible and exists only in the form of various bank records. Despite being intangible, bank money still performs the basic functions of money, being generally accepted as a form of payment.
NO MONEY is NO TALK
Have you heard of the over-used quote �No Money, No Talk�? Sure, you do! In business, the quote is even truer if the words were switched around. No talk, no money. If you do not build relationships with people and follow up on them, you will spend most of your time repeating trivial tasks which can be non-productive or plodding away on a course that will never result in sales conversions.
THIS IS A REALITY STORY!!!!!! from the star new paper
No love, no money, no respect
I AM past retirement age while my wife is still working as a high-ranking professional in a big company. We have two children, one married and one single, and both are working.
Over the years, my wife had belittled me because she earned much more than I did even when I was working. I could safely say that she is a millionaire. She would actually talk behind my back and denigrate me among her friends and our relatives, telling them that she is the only breadwinner who makes a real impact in our family.
She even told my two children when they were still studying in college that I did not earn much and all their college fees were paid from her high salary. By doing so, she got my children to take her side.
My children saw only the expensive material things that she bought for them and did not respect me. This went on for years.
We never really got along during our married life. She boasts too much about her salary and buys her support by giving expensive gifts to our relatives. As a result, my own relatives do not respect me.
Although she does contribute a lot, I have also contributed proportionately my share of my salary to our household.
I have already withdrawn my EPF funds years ago and do not have much savings left. I am ill and have been diagnosed with diabetes. I need to take medication.
My wife had a joint account with me and also granted me a supplementary credit card.
As I can no longer tolerate the situation, I had asked for divorce many times but she is reluctant. She is worried that she might have to part with her half of the house and other assets that we jointly own.
So she decided to make me miserable. Recently, she cut me off from our joint account and also froze her supplementary credit cards to me.
I have no income and am completely helpless. She knows this.
I do not have money to seek legal advice and am not willing to be dragged to court proceedings that will take years to end.
I am too old to work but, nevertheless, I am contemplating taking on some odd jobs as I need money to survive. My children ignore me and do not provide me any money for expenses.
My wife wants me to keep quiet, tolerate her verbal abuse and sit in the house without questioning her or standing up for my rights.
Since she controls my monthly expense, I am in a tough situation.
Is there any way to legally compel my wife and my two children to take care of me, taking into consideration the fact that I do not have money to seek legal advise?
If the law says that a man must support his wife, should it not be the same the other way as well?
I hope to ask her to agree to sell our assets so that I may be entitled to my share.
I hope to get another perspective from you on how I should handle this situation.
