Is Money the Most Important Thing? | Free Essay Example (2023)

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Is money the most important thing in life essay? ›

Money has become a very crucial aspect of living. It allows us to provide ourselves with the basic needs of life as well as forcing us to make realistic choices and place priority on our needs before our wants. But money has changed society a lot. The people who do not make too much, are not too happy.

Money is the medium used by people to buy required goods and services. It is used as the source to fulfill basic needs and is also a source of comfort in life. Money is the most important source to live a healthy and prosperous life; however, it cannot be compared with the significance of love and care.

Money is not everything, but money is something very important. Beyond the basic needs, money helps us achieve our life's goals and supports — the things we care about most deeply — family, education, health care, charity, adventure and fun.

Why Do We Need Money? Money can't buy happiness, but it can buy security and safety for you and your loved ones. Human beings need money to pay for all the things that make your life possible, such as shelter, food, healthcare bills, and a good education.

Money allows us to meet our basic needs—to buy food and shelter and pay for healthcare. Meeting these needs is essential, and if we don't have enough money to do so, our personal wellbeing and the wellbeing of the community as a whole suffers greatly.

Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. Money's most important function is as a medium of exchange to facilitate transactions.

Success with money means we can have more freedom, choice and security. It is feeling so secure in your own choices, wealth and financial security that you feel happy for the Joneses and all they have — but have no desire to compare yourself with or compete with them.

Money is an essential need to survive in the world. In today's world, almost everything is possible with money. Moreover, you can fulfill any of your dreams by spending money. As a result, people work hard to earn it.

Money brings a lot of things to our lives. Money gives us what we want, gives the possibility toward a better future, and brings love and friendship as well. Therefore money is the ultimate key to happiness. According to 'The hunger project', the percentage of the world's hungry has exceeded 15 percent.

Money is certainly not one of the basic needs that sustain life, but is so important that we simply can't live without it. It is the only effective means through which we can quantify the value of the basic needs such as food, clothing, and shelter, and is the only sure way of acquiring them for their true worth.

Why is money so powerful? ›

Money Is So Powerful Because it Provides People With Power – to Have the Freedom to Do What They Want, Be Who They Want, and Go Where They Want. This is entirely true. Without money, you will have fewer options and freedom.

To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange.

More Money Matters

In Maslow's hierarchy of needs, the only factors more important than financial security per se and physical safety are our physiological needs for air, water, warmth, and rest — all of which are increasingly dependent on money as well.

Money is one of the primary collective powers developed by humanity for social accomplishment. Like language, money is an instrument to promote productive, cooperative human social relationships. Money is one of the greatest inventions of all time.

In general, people who make more money also tend to be more successful at what they do: It's this success that makes them feel good, not the money itself. The money is a mere sideshow of the real happiness booster [source: Brooks].

Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. 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 is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and country to country, facilitating trade, and it is the principal measure of wealth.

Money is a liquid asset used to facilitate transactions of value. It is used as a medium of exchange between individuals and entities. It's also a store of value and a unit of account that can measure the value of other goods.

Money contributes to happiness when it helps us make basic needs but the research tells us that above a certain level more money doesn't actually yield more happiness. Not only did earning more money make participants happier, but it also protected them from things which might make them unhappier.

Money is unlikely to buy happiness, but it may help you achieve happiness to an extent. Look for purchases that will help you feel fulfilled. And beyond that, you can find happiness through other nonfinancial means, like spending time with people you enjoy or thinking about the good things in your life.

Can money bring happiness yes or no? ›

Money buys happiness when it increases your quality of life

Your income can impact your happiness levels, according to research. However, after a certain point, an increase in salary has little impact on your happiness.

If there were no money, we would be reduced to a barter economy. Every item someone wanted to purchase would have to be exchanged for something that person could provide. For example, a person who specialized in fixing cars and needed to trade for food would have to find a farmer with a broken car.

Life Without Money is written by high-profile activist scholars, including Harry Cleaver, Ariel Salleh and John O'Neill, making it an excellent text for political economy and environmental courses, as well as an inspiring manifesto for those who want to take action.

A moneyless economy or non-monetary economy is a system for the allocation of goods and services as well as for the assignment of work without payment of money. The simplest example is the family household, which can be a system of obligations nevertheless.

Why is money everything? Broadly speaking, money is everything because of what it can buy you: security, freedom, health (to an extent), and even happiness. If you want those things and more, money is a tool that can be used to get them.

Having a lot of money gives one more options in life and more influence over others.

For most of us, money is absolutely a necessity. We need it for shelter, food, and clothing. Without these basics, your life would be in serious trouble. Money is the resource that allows you to attain a certain level of security and safety.

Money can be earned in many ways which are morally and ethically incorrect but that would not earn you respect enough to be called successful. “One should believe in loving others & earning respect and reputation along with success & enjoying the life being happy as money alone cannot buy your happiness.”

“Money is number and numbers never end if it takes money to be happy your search for happiness will never end.” (Bob Marley). For the majority of people in our modern-capitalist world, money is the first thing, and sometimes the only thing that measures success in life. Money can buy power.

Is life possible without money? ›

People cannot refuse the importance of money because most things rather necessary or not require money. Just like you need food and water to stay alive, you also need money to survive. It is complicated to be sustainable in life without money because it is a basic need.

Money buys happiness when it increases your quality of life

Your income can impact your happiness levels, according to research. However, after a certain point, an increase in salary has little impact on your happiness.

Money is certainly not one of the basic needs that sustain life, but is so important that we simply can't live without it. It is the only effective means through which we can quantify the value of the basic needs such as food, clothing, and shelter, and is the only sure way of acquiring them for their true worth.

When we wonder whether money can buy happiness, we may consider the luxuries it provides, like expensive dinners and lavish vacations. But cash is key in another important way: It helps people avoid many of the day-to-day hassles that cause stress, new research shows.

Money is important to happiness. Ask anyone who doesn't have it. Having a higher income, for example, can give us access to homes in safer neighborhoods, better health care and nutrition, fulfilling work, and more leisure time. However, this only works up to a certain point.

Money is not the most important thing in life. But, there are some things in life that are more valuable than money.

Equivocal: Money sometimes, but not always, motivates. For those who are very well paid, even quite large amounts have a minimal motivational effect. Worse, money rewards can and do set employees against one another, leading to conflict, disharmony and reduced teamwork.

Money matters, but we all need and desire more than monetary incentives to inspire us to work harder. People want to be appreciated, and recognizing an employee's performance can be a powerful motivator. A simple thank you when someone does a job well can be impactful.