How To Send Money To Mpesa From Us
Money is an essential aspect of life that nosotros tin't take for granted in the guild we alive in today. Money tin can enrich our lives and put us into a position to enrich others. If we use our money smartly and intentionally, information technology has the ability to bring about our hopes, dreams, desires and goals.
By exploring why we use money, why we need money and the benefits of coin, we tin can as well recognize the disadvantages of earning and having money. Only when we learn what money is and how to treat it like a tool can nosotros understand why information technology's so important.
Why Practice We Employ Coin?
The reasons we use money are a little more than complicated than the fact that it allows us to buy things. Money represents exchanges within the economy, and well-nigh every club uses some form of currency as a means to pay for goods and services. Merriam-Webster defines money equally "something more often than not accepted equally a medium of exchange, a measure of value, or a ways of payment" in the course of coins, paper notes or dissimilar types of accounts. The Oxford English Dictionary explains information technology equally "Current coin; metal stamped in pieces of portable form as a medium of exchange and measure of value." Put only, if you want to buy something, then you'll take to give some class of money in return.
At a national level, countries assign a central depository financial institution control over the production and distribution of money. For example, the United States went from the gilded standard to the Federal Reserve System with the passing of the Federal Reserve Act of 1913, explaining that it gives the country "a safer, more flexible, and more stable budgetary and financial organization."
Why Do We Need Money?
On a large scale, we need coin equally a means to regulate and stimulate the economic system. On a more personal level, money helps united states achieve our goals. Many people have a desire to raise children. Others are dedicated to a life of service, giving to those in demand of various resource. All of us have some desire to maintain good wellness. And yous might exist hard-pressed to detect someone who doesn't desire to travel the world to experience different countries and cultures. All of these activities and goals require a considerable amount of money. And regulating money, whether by a national government or cardinal bank, is the most accessible ways to determine what is valid currency and what is not.
Robert Kiyosaki of Rich Dad writes, "That's why money is important to me. Money is important, but I don't want to spend my life working for it." Essentially, it's helpful to have a balanced outlook on and attitude well-nigh money to be successful with information technology. Kiyosaki says, "The truth is that coin isn't everything, simply it does help us do everything nosotros love."
Benefits of Having Money
At that place are numerous benefits to having money. Non only does it assistance us practise everything nosotros love, simply it as well helps usa help others. Some very generous people contribute their accumulated wealth to others in need. Money can elevator spirits, and it can realize dreams. Money is also the pathway to risk and security in retirement.
Yous might agree with those who say that coin is the root of all evil and cannot brand united states happy. Merely you might also have a dream to starting time a small business that y'all hope to leave to your children or expand into a larger venture to serve multiple communities. Money from investors, a big inheritance or fifty-fifty the lottery is often required for entrepreneurs to compete in a capitalistic society. This leads usa to the downsides of having money.
Downsides of Having Money
Money can cause happiness, in big part considering it makes people experience secure. But money tin can also cause plenty of stress and anxiety. Being in debt is a meaning business organization among virtually people. In May 2019, a Gallup poll found that 56% of Americans by and large feel pretty good near their financial situation. Only, 45% of Americans believed their fiscal situation was between "only fair" and "poor." A staggering 25% of people who are "worried about money all of the time" are primarily afraid of retirement and unforeseen medical expenses.
Another downside to money is the harm that it can cause. Coin is used to substitution artillery that oppress millions of people around the globe. It can crusade greed or a strong want to accumulate resources simply to possess them, keeping those resources from beingness put to use to help people. When people call up nearly the negative consequences of money, they often wonder how much of it is necessary to satisfy someone.
How Much Money Is Enough?
Some people might say likewise much coin is never plenty, while others believe in limiting how much wealth individuals and businesses should accumulate. It'due south been a debate within governments and ruling bodies for years. The answer is complicated and probably lies somewhere in between. In that location's only so much wealth a person can spend within their lifetime, and information technology may not be necessary for them to proceed accumulating wealth across that — keeping it from others in the process.
On the contrary, someone may want to accumulate plenty wealth for future generations to alive comfortably. Taking care of family unit and leaving a legacy is important to some people. It's a conclusion each individual has to make for themselves. How much do you lot and your family unit need to alive a comfortable life through retirement? And how much practice you need to help others?
Why Is Money Necessary?
Money is necessary to further the cause of commerce. A healthy global economic system means more opportunities for developing nations and people in need. Coin is essential, only too much wealth in one surface area or in one person'southward hands can pb to an unbalanced class organization.
Coin is necessary to accomplish objectives nosotros've laid out on our personal life paths, and global markets require money to function. Y'all can think of money every bit a tool to use to navigate these paths. Ultimately, because of the capitalistic economies of the countries we alive in, money is necessary to improve our lives and the lives of those effectually us.
Source: https://www.askmoney.com/budgeting/money-important?utm_content=params%3Ao%3D1465803%26ad%3DdirN%26qo%3DserpIndex
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