The importance of money is clear when you consider the costs of necessities to live life. Money is a must-needed resource for well-being, yet it is not everything we need. At a certain point of time in your life, you probably heard someone saying they don’t care about money, you may have said that yourself.
There are many instances in life when we hear people repeating the frame, they don’t care about money. This sentiment looks nice in theory, but when it comes to reality it is worse if you underestimate the importance of money.
Money is a universal medium of exchange
True materialistic people can let an obsession with money drive them to do bad things for their own financial gain. But in reality, money is nothing more than a medium of exchange.
It is money that makes it possible for you to trade your labor for a diverse set of goods and services. Following are the illustrations to consider when it comes to identify value and importance of money:
-->In the absence of money, if you find a need for food you will need someone who had food and was willing to trade it in exchange for a service you directly provide.
-->Money has a stable value and it derives this value from the fact that it is a scarce commodity.
--> A central authority needs to take care of the true value of money, and make sure the supply of money remains limited.
Advantages of Money-Money gives you freedom, Money gives you the power to pursue your dreams, Money gives you security.
Downsides of Money-
Consistently trying to acquire money by hook or crook, or constantly trying to acquire as much money as you can could lead you to unethical or uneven criminal behaviour.
Focusing too much on the importance of money, and materialistic things at the expense of other people and things can create problems for you and your family.
Money can lead to disagreements when you, your partner or other family member don’t agree on what should be done with money, it can cause substantial friction in your life.
Door to happiness & prosperity
Money isn’t a thing to buy happiness, it's true. But most of the elements in life that open the door to happiness can only be purchased through money. Yes you’re right. You need money to buy all things that add comfort and convenience to your life. A life full of freedom, beautiful shelter, healthcare, and good education is only possible due to money.
You don’t need to be Ambani or have a lot of money to pay for these things, but you will need some money till the day you die. The earlier you start saving money, the more likely it is that you will not suffer from financial stress. If you develop the habit to invest wisely, you can become financially independent.
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