Wednesday, 18 October 2017

Money & Its importance

Understanding Money & its Importance

 Economists define Money as anything that serves as a medium of exchange, a unit of accounting, and a store value.

However, a commoner like us defines it as a “necessity”. It is as important as food, water or air. Living without money is impossible and the things that it can do for you- is what makes it important.

Money gives you freedom and choices and you can live on your own terms. If you have good income/resources, you can sit on the steering wheel of your life and drive it according to your wish. However, if you have limited resources, money would become the “deciding factor” for everything in your life. Starting from the kind of clothes you wear, the school that your child studies in to the things that you can get for your family- all would be affected and you would feel like a puppet in the hands of destiny.

So, how do you earn money? Well one of the easiest way to earn money is to first and foremost get a stable job and this you can only achieve when you have good education. But the value of education does not end as soon as you get a job.  Rather, I would suggest you should use your education and your experience to create multiple streams of income- and this can only be achieved if you become a lifelong learner. 

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