The Importance of Money Essay
The Importance of Money Essay

The Importance of Money Essay

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  • Pages: 2 (735 words)
  • Published: November 10, 2021
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It is said that money is not the most significant thing in the world as there are other things such as health, family, love, and children that take priority. However, the development of the human society has increased the cost of living leading to an increased need for financial resources. Therefore, for many people, money is a major factor that plays a huge role in the quality of life of a person. Such people are always referred to as being overly materialistic. In their defense, people have argued that everything used by human beings in the current world has a direct or indirect monetary value attached to it. As a result, money has become a non-negotiable and indispensable commodity for every individual. Therefore, there is a need of fully understanding the real value of money in the society. This paper deliberates some of the important aspects of having access to enough money and the influence this has on the quality of life in the modern era.

Money promotes the standards of living leading to a high-quality life. Obviously, families need money to meet basic needs of shelter, food, and clothing. With adequate money, families can afford these basic needs thus promoting a comfortable life. Additionally, money also supports the access to quality medical care leading to a healthy life. With modern healthcare increasing longevity, access to enough money can help a person live longer as they can afford sophisticated and expensive medical interventions. Moreover, adequate finances promote proper nutrition, exercise, and health checkups which are crucial for better health. Therefore, with respect to ma

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intenance of health, the importance of money is irrefutable. Additionally, money plays a 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 an

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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.

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