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"Money"

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Sat 19/01/02 at 18:35
Regular
Posts: 787
"Money is the devil's work"
"Money is the root of all evil"
"Money turns men's hearts cold"

I'm sure you've all heard sayings like these, usually from some old man or local vicar. Maybe they do have a point, as civilisation blunders along in the quest to get more "money".

"What is money?". When you start with that question, and learn that it is a hypothetical construct that society places "value" on, it can become scary.

Think about it...you work all week in exchange for some printed pieces of paper. Outside of society, this paper is worthless.

This happens in wartimes, when currency becomes devalued - you may have seen photographs of post World War II Germany, with men pushing a wheelbarrow full of currency just to buy a bag of potatoes.

So you go to work, assuming that the paper notes you are a paid in, can be exchanged for goods and services. Money is really an exchange mechanism, with no intrinsic worth, just a guarantee of payment to the bearer of the money.

Money has replaced older exchange mechanisms such as gold, firewood or cows! Barter economies used such mechanisms because they were tangible - they had real value. But as civilisation and society developed, barter mechanisms could not cope with the wider range of goods and services on offer, and money developed. This faith in currency is essential the smooth running of the economy.

If the newsmen told you tomorrow that the Government has suddenly decided to replace the sterling pound (£) with the Euro, imagine the panic as people with sterling tried to switch to the new currency? Wheelbarrows of £10 notes, worthless unless you trade them at the bank for Euro's by 6pm!

Money has gone one step further with the widespread introduction of electronic trading and transaction networks. Sure, you may have "money" in the bank, but when did you last draw out you balance in £1 coins, to actually have that money in your hands? For many of us, with bank accounts and plastic payment cards, we only see a string of numbers on a screen. Even if you change bank accounts to another bank, 99% of the time it's an electronic exchange so you don't actually take the physical money out of the old bank and pay it into the new bank.

Although money is a hypothetical construct, the result of "having" money is tangible. If I withdraw all my savings and have a physical pile of coins and notes, I can "buy" many services and goods. If I am hungry I can eat. If I am cold I can clothe myself. All by using some pieces of paper or metal coins!

People in the Western world have a bizarre relationship with money. We all chase the money, because we are expected to. Our whole social structure is based around acquiring money, property, ownership of goods, etc. We value other people based on their "wealth", not mental or physical wealth but monetary wealth. We make judgments based on what model of car someone drives, where they live, the size of the house, the clothes they wear, the social functions they attend.

We are taught that people who do not aspire to wealth are untrustworthy "weirdos". Homeless people, who do not own property, have money or clean clothes are worthless, according to our social conditioning? They are to be pitied, ignored or are to be given loose change from your pockets.

The relentless pursuit of money has smashed class barriers, it's no longer breeding or inheritance but money that determines your "position" in society. Money isn't just about goods and services, but access to certain clubs, schools, venues, social situations. Wealthy people can "afford" to attend high society events, or owning a gold card will bring you certain benefits such as access to hospitality lounges at airports and so on. Private estates exist that are only accessible to people with lots of money. People without money live on public estates that can be accessed by anyone.

Something that is quite shocking is the "rip-off" nature of our society towards people with little money. If you have money, you receive free banking, free first-class flight upgrades, free gifts and services. If you don't have money you are penalised heavily for borrowing money, sometimes through overdrafts on your bank account, other times through catalogue shopping where you are charged high APR rates. Without the catalogue, you wouldn't be able to "purchase" these goods, the people that own these companies know this, and make money by charging high interest rates to people with low incomes. If you are "poor", then you are charged the highest rates. If you are "rich", you are given many services free of charge.

"Does money make you happy”?

Not in itself, but it definitely reduces money worries and can "buy" goods and services that can help you be happy. If I have spare money, and can take a holiday in Barbados, or learn to drive a rally car, that would definitely increase my happiness!

I would say "money may not make you happy, it can help; but having no money can make you very unhappy".

Having no money, or not enough money, is the carrot that drives us to work all our lives. What is "enough money"? This changes as you get older, form relationships, take on commitments such as property and so on. When you are a 16 year old school leaver, still living with mum and dad, £8,000 a year for working in an office seems like a fortune. When you're 25, living in a small flat with your girlfriend, £18,000 seems ok. But if you were still earning that £8,000 and trying to pay rent, it wouldn't be enough.

No matter how much you earn, you can never have "enough", can you? If you get a salary increase, you will always find a way to absorb this increase by buying new goods, attending a more expensive gym, taking a more exotic holiday, etc.

Something that money can "bring" is security. When you have a certain amount of savings or money, you have more security in that a change in circumstance, such as losing your job, won't leave you on the streets.

Of course there is a balance, as too much money can make you unhappy. There have been numerous interviews in the media with lottery winners, who became distrusting of life-long friends after scooping millions ££ on the lottery. Money that is suddenly awarded to someone who doesn't know how to manage it can be dangerous, and make them miserable. Often people that have "earned" their millions after years of hard work tend to handle the money better as the transition wasn't overnight like with a lottery winner.

"Money can't buy you love”?

It can buy you sex (prostitution!), it can also attract plenty of partners, one of whom you may find love with. Or it may attract partners who are interested in the trappings of your wealth and will form a relationship with you to enjoy your wealth.

To conclude, money is "real" in that it carries a value - at base level to buy food, provide shelter and clothe yourself. Whether you agree with the work / reward mechanism depends on how much you value earning money?

How much money you want depends on the "sacrifices" you are prepared to make. Instead of spending time spending money in nightclubs, drinking alcohol and eating nice food are you still working hard at night, building your business so that you can make more money?

How much money is "enough"? People often talk about "being comfortable", so how much is really needed? Is it an amount that lets you enjoy your leisure time and to garner more property and goods, without making too many sacrifices like working a 100 hour week? Some people are happy to work longer hours to garner more wealth, others refuse because they value their social interaction higher than adding another £5,000 a year to their wealth.

If you are not "earning" money, what else is there really to do in our society? Leisure activities require money, which you have to earn before you can play.

Money may be the "root of all evil" but to exist in our society you need it!
Sun 20/01/02 at 21:39
Posts: 0
Whilst you could say that money is only worth what it is perceived to be worth, it could also be argued that money is all too real. People will kill for it, die for it, work for it, some do almost anything for it. It rules most peoples lives and can ruin peoples lives. . The actual value of money is fixed -£20 is always £20, it is what £20 will buy that is not fixed.I'd say that money is all too real.
Sun 20/01/02 at 19:04
Regular
Posts: 2,982
Nice Post, Thats a strange theory actually when you think about it...

That money is only worth what we as the society percieve it to be worth...

I still think its important though as without it we wouldnt be able to live. Having more money means you can buy luxuries aswell.

It still makes me sick though when I see people with lots of money thinking they are "above" everyone else. Theyre not, just because they have more money, does it make them a better person? No
Sun 20/01/02 at 15:13
Regular
"smile, it's free"
Posts: 6,460
Money, is worth whatever you think it should be worth.

I don't live in the real world yet, so I'm allowed to say that ;)

(I'm still a student, y'see)

You can't take it with you to the grave though. Persuit of money is meaningless. Persuit of money for the purposes of purchasing some item you really want, isn't.

Money has never been that important to me. In fact, it doeasn't spark enough interest in me to say anything else. OR explain further anything I have said.

That might just be laziness though.....
Sat 19/01/02 at 18:35
Posts: 0
"Money is the devil's work"
"Money is the root of all evil"
"Money turns men's hearts cold"

I'm sure you've all heard sayings like these, usually from some old man or local vicar. Maybe they do have a point, as civilisation blunders along in the quest to get more "money".

"What is money?". When you start with that question, and learn that it is a hypothetical construct that society places "value" on, it can become scary.

Think about it...you work all week in exchange for some printed pieces of paper. Outside of society, this paper is worthless.

This happens in wartimes, when currency becomes devalued - you may have seen photographs of post World War II Germany, with men pushing a wheelbarrow full of currency just to buy a bag of potatoes.

So you go to work, assuming that the paper notes you are a paid in, can be exchanged for goods and services. Money is really an exchange mechanism, with no intrinsic worth, just a guarantee of payment to the bearer of the money.

Money has replaced older exchange mechanisms such as gold, firewood or cows! Barter economies used such mechanisms because they were tangible - they had real value. But as civilisation and society developed, barter mechanisms could not cope with the wider range of goods and services on offer, and money developed. This faith in currency is essential the smooth running of the economy.

If the newsmen told you tomorrow that the Government has suddenly decided to replace the sterling pound (£) with the Euro, imagine the panic as people with sterling tried to switch to the new currency? Wheelbarrows of £10 notes, worthless unless you trade them at the bank for Euro's by 6pm!

Money has gone one step further with the widespread introduction of electronic trading and transaction networks. Sure, you may have "money" in the bank, but when did you last draw out you balance in £1 coins, to actually have that money in your hands? For many of us, with bank accounts and plastic payment cards, we only see a string of numbers on a screen. Even if you change bank accounts to another bank, 99% of the time it's an electronic exchange so you don't actually take the physical money out of the old bank and pay it into the new bank.

Although money is a hypothetical construct, the result of "having" money is tangible. If I withdraw all my savings and have a physical pile of coins and notes, I can "buy" many services and goods. If I am hungry I can eat. If I am cold I can clothe myself. All by using some pieces of paper or metal coins!

People in the Western world have a bizarre relationship with money. We all chase the money, because we are expected to. Our whole social structure is based around acquiring money, property, ownership of goods, etc. We value other people based on their "wealth", not mental or physical wealth but monetary wealth. We make judgments based on what model of car someone drives, where they live, the size of the house, the clothes they wear, the social functions they attend.

We are taught that people who do not aspire to wealth are untrustworthy "weirdos". Homeless people, who do not own property, have money or clean clothes are worthless, according to our social conditioning? They are to be pitied, ignored or are to be given loose change from your pockets.

The relentless pursuit of money has smashed class barriers, it's no longer breeding or inheritance but money that determines your "position" in society. Money isn't just about goods and services, but access to certain clubs, schools, venues, social situations. Wealthy people can "afford" to attend high society events, or owning a gold card will bring you certain benefits such as access to hospitality lounges at airports and so on. Private estates exist that are only accessible to people with lots of money. People without money live on public estates that can be accessed by anyone.

Something that is quite shocking is the "rip-off" nature of our society towards people with little money. If you have money, you receive free banking, free first-class flight upgrades, free gifts and services. If you don't have money you are penalised heavily for borrowing money, sometimes through overdrafts on your bank account, other times through catalogue shopping where you are charged high APR rates. Without the catalogue, you wouldn't be able to "purchase" these goods, the people that own these companies know this, and make money by charging high interest rates to people with low incomes. If you are "poor", then you are charged the highest rates. If you are "rich", you are given many services free of charge.

"Does money make you happy”?

Not in itself, but it definitely reduces money worries and can "buy" goods and services that can help you be happy. If I have spare money, and can take a holiday in Barbados, or learn to drive a rally car, that would definitely increase my happiness!

I would say "money may not make you happy, it can help; but having no money can make you very unhappy".

Having no money, or not enough money, is the carrot that drives us to work all our lives. What is "enough money"? This changes as you get older, form relationships, take on commitments such as property and so on. When you are a 16 year old school leaver, still living with mum and dad, £8,000 a year for working in an office seems like a fortune. When you're 25, living in a small flat with your girlfriend, £18,000 seems ok. But if you were still earning that £8,000 and trying to pay rent, it wouldn't be enough.

No matter how much you earn, you can never have "enough", can you? If you get a salary increase, you will always find a way to absorb this increase by buying new goods, attending a more expensive gym, taking a more exotic holiday, etc.

Something that money can "bring" is security. When you have a certain amount of savings or money, you have more security in that a change in circumstance, such as losing your job, won't leave you on the streets.

Of course there is a balance, as too much money can make you unhappy. There have been numerous interviews in the media with lottery winners, who became distrusting of life-long friends after scooping millions ££ on the lottery. Money that is suddenly awarded to someone who doesn't know how to manage it can be dangerous, and make them miserable. Often people that have "earned" their millions after years of hard work tend to handle the money better as the transition wasn't overnight like with a lottery winner.

"Money can't buy you love”?

It can buy you sex (prostitution!), it can also attract plenty of partners, one of whom you may find love with. Or it may attract partners who are interested in the trappings of your wealth and will form a relationship with you to enjoy your wealth.

To conclude, money is "real" in that it carries a value - at base level to buy food, provide shelter and clothe yourself. Whether you agree with the work / reward mechanism depends on how much you value earning money?

How much money you want depends on the "sacrifices" you are prepared to make. Instead of spending time spending money in nightclubs, drinking alcohol and eating nice food are you still working hard at night, building your business so that you can make more money?

How much money is "enough"? People often talk about "being comfortable", so how much is really needed? Is it an amount that lets you enjoy your leisure time and to garner more property and goods, without making too many sacrifices like working a 100 hour week? Some people are happy to work longer hours to garner more wealth, others refuse because they value their social interaction higher than adding another £5,000 a year to their wealth.

If you are not "earning" money, what else is there really to do in our society? Leisure activities require money, which you have to earn before you can play.

Money may be the "root of all evil" but to exist in our society you need it!

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