The Importance of Money Essay

huge role in promoting happiness. The rich people have less financial worries as compared to the poor thus have less stress. Individuals with enough money can live their lives to the fullest through the various adventures as they can afford them. Such escapades lead to happiness and general satisfaction with life.

Money is also important as it promotes autonomy in life by preventing dependence on others. It enables one to take control of his/her life. Such freedom helps one to design the direction of life with fewer constraints on the desired path. This leads to self-fulfillment thus promoting happiness. For example, most people stuck in a job they hate would leave it if they had enough money to sustain them. Additionally, the access to the adequate amount of money creates better opportunities for personal growth and development. It goes without saying that education is measured in terms of money. Therefore, access to enough money helps people to acquire the best education which presents the best opportunities thus empowering them to reach their highest potential. This promotes innovations and discoveries of new and better ways of doing things in the society. Additionally, education leads to self-sufficiency preventing reliance on others.

Money plays a huge in promoting a good social status. It is one of the measures of success in the contemporary world. It generates power and authority in the society. As a result, the rich people are respected and adored in the community. They hold honorable positions and are used as role models for several people. A poor person, on the other hand, is not accorded the same kind of respect and treatment. Additionally, money also generates power

and authority. Additionally, money also presents several economic benefits by allowing individuals, companies, and nations to expand their goods and services to diverse markets. It replaces the barter trade system which required two people to have specific preferences for the available resources for exchange thus limiting trade. Money, on the other hand, has increased the exchange of products and services all over the world by quantifying them.

In conclusion, every product or service has some monetary value attached to it. Therefore, the importance of money can never be underestimated. It is associated with higher standards of living that promote comfort and happiness. It also leads to access to quality healthcare that increase longevity. Money also presents several opportunities that lead to autonomy in life through education. Money also promotes trade resulting in the availability of various goods in the market for consumers to choose. Additionally, money leads to social stratification which is a measure of success. This leads to respectful treatment of the wealthy. Finally, money leads to a happier and fulfilled life through the access to desired goods and services.