ipl-logo

Finances Essay: The Importance Of Money

986 Words4 Pages

FINANCIAL ABDUNDANCE
This is an area of pain for a lot of people but it need not be.
Money is crucial but if you do not have time to enjoy your life and your money, then it becomes worthless.
In this sense you need not be thinking wealth, rather abundance; which is enough money for you to live in comfort and probably luxury yet allows you the time to enjoy it.
Just like any other goal, if you are focused on making money and creating your wealth without knowing why you want this wealth or what this money would do for you, then you will not create a strong enough drive to get it, and when you do (or if you do!), you will be happy with your accomplishment but not fulfilled.
I want money to buy a car, I want money to buy a home, I want money …show more content…

Finances are much more than that; assets (including yourself as an earning potential), cash, investments, things, savings, funds and financial giving.
There are some basic concepts you must understand otherwise you will be giving away your right to choose and decide.
Compounding is very powerful but most of us do not truly understand it. Compounding is when you save money, but the more you save the larger your savings become and the longer your saving period you savings go wild high. All you need to do is understand the concept and be patient. Here it is; LE 100 is LE 211 in about 10 years.
All you need to do is to start today putting at least 10% aside and don’t say I don’t have enough to save because no matter how much you have this will always be the case, simply because it is a mindset. If you don’t put away LE 100 if your income is LE 1000, then you will never put away LE 10,000 out of 100,000. Decide today to put away the amount you decide on (not less than 10%).
Ok, so you saved the money for a year, what do you do with it? Invest..!!
Investment is a complicated decision; what to invest in, how to invest, where to

Show More
Related

  • Theme Of Inequality In Of Mice And Men

    1010 Words  | 5 Pages

    The main factor of wealth that causes trouble is the inability to create a better life. Most want success

    Read More

  • Charles Murray What's So Bad About Being Poor

    222 Words  | 1 Pages

    One’s living condition is not determined by the amount of wealth acquired by that person. Having a substantial amount of wealth can depict that someone is living a satisfied life. Those without various amounts of money, are then considered inferior, because they do not have access to living a luxurious lifestyle. However, this is not always the case. In Charles Murray’s “What’s So Bad About Being Poor,” Murray explains the correlation between being poor and living in poverty.

    Read More

  • Cost Of College

    1277 Words  | 6 Pages

    Not being able to work for what I want all the time is going to be a financial problem because I do not like to ask people for money, or anything for that matter, so if there is something I want, I will have to wait until I have enough money to get

    Read More

  • October Sky Analysis

    969 Words  | 4 Pages

    If you just think about making money, you’re not happy, ergo you’re not successful. Money will always come

    Read More

  • Great Depression DBQ Essay

    462 Words  | 2 Pages

    Many people did not save because they had jobs that paid little, and all the money they made barely made it so that they could pay all the needs they needed to live for. On document 2 (DBQ) it states that “a regular saving of fifteen dollars a month” can help you in the long run, “at the end of twenty

    Read More

  • What Role Does Money Play In The Great Gatsby

    240 Words  | 1 Pages

    No matter the status, money always keep the world revolving. For example food, water, bills, ice cream, clothes, and daily needs all require money in order for us to have them. We need most of those items in order to survive. In the story “The Great Gatsby” money is the key to all of their wealth in the book, All his parties and mansions that he owns.

    Read More

  • Can Money Buy Happiness Rhetorical Analysis

    680 Words  | 3 Pages

    Money can bring great joy to someone’s life, but it can also bring destruction and unhappiness. Wanting money and material goods over love or leisure time can be frustrating and can distract from happiness. Desires that are way too high and are constantly rising higher with every material purchase, can make someone

    Read More

  • Should Financial Literacy Be Taught In Schools Essay

    460 Words  | 2 Pages

    Financial fears have grown increasingly common in our society. It seems that the pile of bills on the kitchen table continues to grow as the money in our wallets continues to shrink. Everyday there are those who are unable to sleep because the fear of not being able to make ends meet gnaws at them. Research shows that financial fears have become some of the most prominent fears in America. But why is this the case?

    Read More

  • Can Money Buy Happiness?

    1915 Words  | 8 Pages

    Happiness is a goal everyone is trying to reach. We learn we have to get success to be happy at a young age. When we we’re even our parents might be working two jobs trying to support the family money coming in but how do they really feel about having a lot of money and having no time extra to spend time with their children or just have free time. That’s why some people say homeless people could be happy also, but nobody understands completely. They do not have to worry about paying bills or taxes like the rest of us they still have troubles but with too much money it could be overwhelming.

    Read More

  • Definition Of Wealth Essay

    815 Words  | 4 Pages

    Being successful is not the result of having a lot of money. In order to be happy, being successful in your heart will make you successful in the outer world—to appreciate what you have because not everybody has

    Read More

  • Reflection About Investment

    856 Words  | 4 Pages

    What money can do for you is what is really important. Money gives you freedom and choices. What I learned from my investment classes is that investing is important. If you keep your money in your back pocket instead of investing it, your money doesn't work for you and you will never have more money than what you save.

    Read More

  • Essay On Importance Of Financial Management

    812 Words  | 4 Pages

    Financial management “is the operational and financing activity of a business that is responsible for obtaining and utilizing the funds necessary for effective operations. Thus, Financial Management is concerned with the effective funds management in the business process. Finance is interrelated functions which deals with marketing function, production function, Human Recourse function and Research & development activities of the business concern. Financial Management is concerned with the financing, acquisition and management of assets with some overall goal in minds. There are three major areas in Financial Management decision making.

    Read More

  • Saving Money Essay: How To Save Your Money

    1029 Words  | 5 Pages

    The first step to take before jumping into the process of saving your money is setting your saving goal. If you have something

    Read More

  • Persuasive Essay On Saving Money Memberships

    596 Words  | 3 Pages

    There 's no need to limit your savings! As I mentioned before, it would be nice to save on a wide variety of things and you certainly can! So, if you are looking to save an extraordinary amount of money each and every year your best bet is to look into a saving money membership! However, don 't get one without looking into it first and getting some information!

    Read More

  • Roles Of Money In Macroeconomics Essay

    1772 Words  | 8 Pages

    ROLE OF MONEY IN MACROECONOMICS 1. Introduction Money can be seen as the medium of exchange which is acceptable while transaction is being undertaken between two parties. Some of the common forms of money are: - Commodity money: This is when the value of the good represents its value in terms of money like gold or silver. - Fiat money: This is when the value of the good is less than the value it represents - Bank money: It is the accounting credits that can be used by the depositor Money serves a variety of crucial functions in the economy and this is why it has gained an unparalleled influence in the matters of economy at micro as well as macro levels. Some of the features of money that make it so important for any economy are as follows:

    Read More

More about Finances Essay: The Importance Of Money

Open Document