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The importance of money

by Dossie M Terrell

Created on: April 13, 2009

Money is important, but it should be seen and used for what it is, "a medium of exchange." When folks make money their master and will do just about anything to obtain it, then it does become the proverbial root of all evil. But acquiring wealth does not necessarily equate to evil, it's the individual who may use it for evil intentions.

The invention of coinage was probably man's greatest invention as bartering for goods became too difficult and cumbersome to manage. Bartering meant exchanging goods or services without exchanging money. For example, when bartering, folks had to look for those who were interested in buying their commodities and had to hope those individuals they sought were interested in purchasing what they had to exchange. Whereas bartering went on for centuries, it was not without its difficulties. Eventually, a monetary system replaced bartering as a standard medium for purchasing commodities. Everyone probably gave a sigh of relief.

Money is the divider that stands between a life of poverty, a life of ordinary means, and a life of riches. Everyone should work hard to accumulate some amount of money to live a relatively comfortable life as not everyone strives to be rich. Having money means being able to see the world differently and in a more positive fashion than you would if you were living on handouts.

Money allows for helping others who are less fortunate. Most folks who believe that money is the root of all evil usually do not have a cache of it. If anyone doubts the importance of money, they should take a look at the world's inter-connectiveness with other financial systems and the dollar's place in it. The current worldwide monetary problems and the near collapse of major world's financial systems show that without money as viable mediums of exchange, nations decline. It is safe to say, probably no one today will argue against having access to money. It is virtually impossible to exist without some access to money.

Possessing sizeable amounts of money give one a certain measure of power, prestige, and influence. Despite one's lack of intelligence, if he or she has money, folks will be more inclined to listen to them, conversely, being poor, even if smart, carries with it a certain stigma that an individual lacks motivation, therefore folks will be less likely to listen to him or her.

Even if an individual is successful in some endeavor, if he or she lacks money there will likely be little or no interest in what was accomplished. Most folks seem to believe that money is a major component of success and a deciding factor of a person's overall worth. That probably speaks badly for mankind, but money, for the most part, has been elevated to that status. Without it you have no status no matter where you go or who you are.




Money is important; there is no doubt about it.

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