The advantages of having a lot of money is something that everyone can easily tell you. When you have plenty of money,you'll be able to buy whatever you like. A 50-inch television, a new smart phone or a brand new car can belong to you. Having a lot of money will also make you have a happier life.
Keeping this in view, what is advantage and disadvantage of money?
Really, paper money, if it is issued and regulated carefully, is without any disadvantage. All countries issue paper currency, and, in normal times, they do not suffer from it in any manner. Only when it is over-issued, it becomes a great danger and a curse. It may cause grave discontent among the masses.
Furthermore, what are the disadvantages of being rich?
12 Surprising Downsides Of Getting Rich
- You sacrificed a lot.
- You could be perceived as greedy, ruthless, or a workaholic.
- Being wealthy can cut you off from larger society.
- Friends and family may treat you differently.
- The money might cause you to lose perspective.
- Your money becomes a means to attract attention.
What is importance of money?
Importance of money. Money is an essential commodity that helps you run your life. Exchanging goods for goods is an older practice and without any money, you cannot buy anything you wish. Money has gained its value because people are trying to save wealth for their future needs.
Is money important for life?
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.