Define: Commodity

Commodity: In the financial world, a commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Think of it as a building block for the global economy, like oil for fuel or gold for jewelry.

But here's the twist: commodities aren't just mined materials or agricultural products. Your skills, knowledge, and time are also commodities you trade every day! Just like any market, their value fluctuates based on supply, demand, and your ability to negotiate.

Imagine this: You're a freelance graphic designer. Your design skills are your "commodity." You hone them through learning and experience, increasing their value. When you negotiate a project, you're essentially setting the price for your time and talent. By understanding your worth and advocating for yourself, you become the empowered owner of your financial future.

Don't underestimate the power you hold. Invest in yourself, hone your skills, and confidently negotiate your worth. Remember, you are the valuable commodity in your own financial journey!