It’s the root of all evil
It pays the bills,
It may heal your ills
And bring you thrills.
According to Wikipedia, money is anything that is generally accepted as payment for goods and services and repayment of debts. For everyone, we interpret and treat money differently. Whether it is the abundance of wealth or the lack thereof there is a certain level of importance which we all seem to place on the precious commodity. From the Forbes list to the United Nations Poorest Countries list we seem to rank everything from those who do not have it to those who have it and may waste it. We live in a world where it seems to have a voice you should have cash to care.
If you grew up in an environment where everything is lavish, fabulous and expensive, you will view money differently from those who did not. It is highly probable that when you enter a certain level of wealth your expenses tend to be higher than others. It is true because you have to keep up with the lifestyle you live. One at this rank does not imagine the day when they will have nothing. Therefore, they will invest in portfolios, real estate and make other investments to maintain their wealth. The responsibilities that come with the lifestyle are also important. Case in point – Casey Johnson. Who knew someone could be kicked to the curb from a family who seemed to have everything? It seems more and more families with a vast amount of wealth are throwing out those family members who could appear to put the family’s wealth in jeopardy. Those who are rich sometimes are forced to continue that legacy to maintain their stature. On the contrary, persons who are rich can mismanage their wealth and become poor. Fantasia, the American Idol winner recently on Oprah opened up about her fall from grace. After buying her home and settling in, she had problems keep it. Her home fell into foreclosure and at one point she was unable to buy a pizza, her card failed. Money can be easy come and easy go. It takes proper financial management and financial sense to keep it.
For those who grew up in a poor background, they understand the importance of money. For many, money is the way out of poverty and they will place all their focus on avenues that could get them out of that state. Whether it is a talent, education or an illegal activity, poor people in the right environment can charter a new course out of poverty. We have seen numerous stories of people who did not have it but with the right attitude and approach they were able to live a better life. Oprah, Jay Z, and Hilary Swank just to name a few have gone from the lowest echelon to some of the richest people in our world.
However, people who are poor see money differently. People who are poor or who are in destitute positions do not see the importance of saving for the future and having investment accounts. Give someone who is poor a bank card with funds that could keep them for a month and see how fast that money goes. They tend to see money as short term, so they spend it to make them content in the moment. While there are others that if you give them the same amount they wouldn’t spend most of it because they understand the position they are in and have an idea of where they would like to be.
Money today is perceived based on cultural attitudes as well. In our world today, young people are materialistic. We tend to focus on what is in, the latest Bling and fashions. The entertainment industry is pushing this attitude of ‘you can have it all’ and at all costs.
Money and the abundance of it can last a lifetime if we understand the basic concepts. As human beings we need to live within our means and recognize that if we spend more than we earn we will be poor. No one wants to be poor; we want to be independent, strong and able to survive. With rising standards of living and costs going up, the worst thing that could happen to us is to lack needed funds. Money can be our way out of poverty but it can also lead to our own detriment.
It is significant that we inculcate cultures where we are not so highly materialistic but we begin to inspire people that can handle wealth without ruining their lives in the pursuit of it. Sure money is good and wonderful to have but the love of it could ruin our lives.