Importance Of Money. The first advantage of having money is that stuff costs money. If you want stuff, you will have to pay for it. This is the law of economics.

Money is any object or record, that is generally accepted as payment for goods and services

The word "money" is believed to originate from a temple of Hera, located on Capitoline, one of Rome's seven hills

Currently, most modern monetary systems are based on fiat money. However, for most of history, almost all money was commodity money, such as gold and silver coins.

(Commodity money is money whose value comes from a commodity out of which it is made. It is objects that have value in themselves as well as for use as money.)

(Fiat money is money that has value only because of government regulation or law.)

The first advantage of having money is that stuff costs money. If you want stuff, you will have to pay for it. This is the law of economics. People just don’t give their stuff away, they want something for it. Money is the universal trade item. You can trade money for almost anything. If you want a lot of stuff, you need a lot of money.

If you have money enough you can study higher and in better institutes

There are other advantages to having a lot of money. One of these advantages is that you can ...

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If you have money enough you can study higher and in better institutes

There are other advantages to having a lot of money. One of these advantages is that you can do things. I’m not just talking about going on trips or going to the movies.I mean you can do things like go into business and build factories to make interesting gadgets like electric bicycles.You can have the best ideas in the world, but without money you will not be able to convince people to help you in your great plan.

Money is very useful for influencing people. If you want somebody to mow your lawn, you do not threaten them or try to talk them into it. You offer them some money and they mow your lawn. It’s very simple. Money is used to control people all the time. Think of all the people working at laborious and damaging occupations. Money can even get people to do dangerous things like strap themselves on live high tension power lines from the skid of a helicopter. Without money, you would have no linemen, and no power.

George Bernard Shaw said - "Lack of money is the root of all evil."

This usefulness of money for influencing people is at the heart of the idea that money is power. It’s not really the people who tell other to do things all the time with the threat of coercion, it’s corporations and businesses who get people to do their jobs every day with the offer of recompense. Money is very powerful for getting people to do jobs. It is in fact the sole reason people do most anything. This is not a modern phenomenon. Since money was invented it has been used for this purpose.

If you have a lot of money, people value your opinion on things.If a person has managed to make a lot of money in their life, other people pay attention to them to try and see how they did this. Most people would enjoy having anything they could want.

Money confers a freedom of movement on a person. If you have enough cash to spend you can go almost anywhere in the world. The average person is likely to need more cash these days as prices increase. It costs a lot of money to live a comfortable life in this world

Russell H. Conwell said- Money is power, & you ought to be reasonably ambitious to have it.".

At last speaking practically,in todays world respect and owner comes along with money, if you are rich, then you are respectable as well as ownerable