Discussion on How Money Shape Relationship
Money is a symbol of wealth. Wealth can be evaluated through countingnumber of assets, savings or cash at hand. Both genders havedifferent perception about money. Women view money as a sign ofstability and security, while men perceive it as a threat to theirself-esteem. Additionally, men like risking their money and are lessworried when they have low financial stability. However, women likesaving for future use and they are much worried when they experiencelow financial status. Money is also a factor that increases socialstatus in the society. Wealthy people are respected, and theyestablish a social class in the society. The paper will discuss howmoney helps in shaping the relationship between an individual and thecommunity.
Ways in which Community and its Wealth Impacts an Individual
Community wealth could refer to wealth in a family or wealth of thesociety. Family or community wealth has various impacts onindividuals. A wealthy community withstands common shocks like losingjobs or unemployment. Communities that engage in saving money inbanks or through buying shares are secure from unemployment crisis(Goetzmann,84). They can comfortably handle financial crisisthrough withdrawing or selling the shares. They can also handlehealth issues like illness. Some disease like cancer requires massivespending of capital. Families face the threat of such diseases wherethey are forced to sell most of their assets or conduct a fundraisingto settle hospital bills. However, a family that saves money cancomfortably handle the situation by withdrawing the capital or takeloans.
In addition, a wealthy community improves the living standards of theindividuals. The community is capable of providing basic needs likeproviding water, building roads and providing better health careservices. The impacts positively affect all community members.
In addition, a wealthy community helps in strengthening the society.The community can build and recognize local talents among themembers. They also control business and jobs within the society,which is to the benefit of community members. They buildcommunity-based institutions like hospitals and learninginstitutions, which benefit the community members.
Additionally, wealthy communities can create a business environment,which has potential buyers and sellers. The system motivates localpeople to develop their business. Hence, they become their own boss.Self- employment is beneficial as it limits supervision and jobactivities are carried at the owner`s will. As a result, peopledevelop a passion for their jobs and increases productivity.
A wealthy community also reduces social crimes. Since the communitysupports the development of local people through self-employment andwell-paying jobs, people make an income that is used to settle theirbasic requirements. In addition, the society members have less timeto spend on criminal activities as they are engaged in their dailyactivities. However, in a case of criminal activities, a wealthycommunity protects their communities effectively since they haveenough capital to seek justice. Similarly, the society minimizesvulgar activities like corruption and discrimination. The society asthe legal owners of properties ensures every member of the societyhas legal right and equity to access any facility in the community.
Wealthy communities embrace technological change. The world isevolving through the involvement of diverse technology change. Afinancially stable community is in a position to purchase necessaryappliances like personal computers, television, and mobile phones.They also enlighten their community with the necessary knowledge inoperation of technological devices. The community embarks on buildingtechnological institutes where training is carried and people acquireskills. The skills enable the trainees to seek employment and escapefrom the era of computer illiteracy.
Money Impacts on Individuals Contribution to the Society
Individual economic status greatly influences how they interact withthe community. The financial status affects the stability ofmarriages. A marriage life is sustained by money where thebreadwinners are supposed to provide basic needs. In addition, moneyfosters a good relationship between parents and children. Parentshave a moral obligation to provide their children with betterclothing, better health care and to facilitate their education.Hence, proper financial stability builds a healthy relationshipbetween parents and their parents.
In addition, wealthy individuals have a great impact on the society.They are influential and highly respected. They are involved invarious activities that require decision-making. They also providefinancial support to financially unstable families and engage inactivities like fundraising to assist different projects in thecommunity.
Having money enables an individual to advance in education, whichindirectly benefits the community. Educated members of the society,helps in improving the community welfare. For instance havingteachers in the society will enlighten the community, doctors willprovide treatment services while engineers will embark onconstruction projects. Besides, educated people embrace the culturalpractices and arts. They understand the importance of culture as atool that fosters empathy and links the community members.
Wealthy individuals also develop the community through creating jobopportunities. They act as the sources of employment in the society.They support some community members through involving them in theirpremises. It helps in reducing the poverty level in the society andimproves people`s living standards. They also help in improving thelocal economic stability. Creation of job opportunities andbusinesses helps in expanding economic development.
Wealthy people in the society help in reinforcing importantactivities in the society. They facilitate protection of theenvironment through engaging in environment control programs. Theprograms include pollution control methods and environmentalconservation practices. Similarly, wealthy people are involved inleadership roles in the community and are reinforce laws and order.
They also teach community members about financial skills. Theyempower the community to make informed decisions and improve theirfinancial wellbeing. They also provide financial services to thecommunity, which preserves traditional customs of saving money insidetheir houses. Similarly, wealthy people in the society encouragecommunity in embracing technology change. Change in technology helpsin transformation of societies from the analog to a digital. Thedigital era embraces the use of technology and machines thus makingwork easier. Besides, machines are quick and efficient means of doingwork, where they save time and energy.
In conclusion, a strong relationship exists between community wealthand the individual welfare. A wealthy community creates an enablingenvironment for businesses and economic growth. Expansion of economyaffects every member of the society, the living standards increasesand individual welfare improves. Similarly, there is a relationshipbetween personal wealth and the community. Every individual is anasset to his or her community. Improved welfare of an individualdirectly or indirectly affects the entire community. Wealthyindividuals also protect their community through preserving thecultural beliefs and standards. Hence, people should be encouraged towork hard to boost the welfare of other community members.
Goetzmann,William N. "Introduction[Money Changes Everything: How Finance Made
CivilizationPossible]." IntroductoryChapters (2016):84-90
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