Money plays an essential role in everyone's lives. Today, there is hardly anything of value you can get without having an exchange for money for it. Money is crucial to have access to the essentials of life. We all are the reason for our financial success or failure as it wholly depends on us whether we save it or waste it.

1. Importance of Investment

We generally save money for three main reasons: consumption, savings for future needs and unforeseen problems, and for investment reasons. Investing a percentage of your income is as important as saving a part of it. With a good investment plan, you would be able to increase your net worth and have a good amount of money when you are unable to earn or work. With investing, your money is making money with little supervision from you.

2. There is no shortcut

Except in cases of nature, money does not just fall in your lap. You have to work for. You must pay your dues to get paid whether as an employee or an entrepreneur. There is no shortcut to success. You have to put the hours and energy (mental and physical) before you achieve it.
            You have to become skilled or well-read, both of which take time and effort. No one would pay for the substandard skill (or semi-skilled person) and especially as an entrepreneur if you are not prepared, you will fail.
Money does not grow on trees.

3. No one will give you things for free

Anything of value is never free. In truth, nothing is ever free as someone somewhere will pay for it. We all know to get a good or service, money must be paid. That car or that house you wish will not come for free. Now you might point to jackpot winners and all. For that, you have to buy tickets spending a required amount of money and the money won is a collection of the money spent by others people who are also trying to get free money (i.e. Who are also playing lottery games). So, you, see really it is not free.


4. Money brings power

Money brings respect, prestige, and power. This power is not the power to control people but the power to handle most of your life happens. You can afford a good education, good healthcare and good accommodation that will make your life better and more comfortable.

5. You must save before spending

Money earned must not all be spent. You must save part of it for unforeseen situations. Save a part of what you earn daily, weekly, monthly. Seeing as most of our money is in the bank, there are many apps that help you save your money.  You can also give an order to your bank to make specific withdrawals at specific times as savings for you.

      Do not save what is left after spending,but spend what is  left after saving.
                                                - WARREN BUFFETT

6. Money Value

Let every note count. Know where your money is going. Make a bugdet and try to stick to it as much as possible. Having a budget does not mean you should not do fun things or not buy things you dezire,but they must be done or acquired within that budget. This way you are able to keep an eye on your money. You must respect and value that you have an income. It is not so for others.

In my childhood, it happened many times

when I used to wonder what stops the government from printing money? Can’t a country just print money and make its citizens rich?

 We used to hear that Mr. A is earning more money than Mr. B. So Mr. A is richer than Mr. B. Rich and poor is decided on the basis of money one possesses. How it would be if the government distributes money to everyone so that everyone lives a comfortable life!!

A lot of people have this misconception that a country’s currency is backed by the gold reserves it holds. But, this is simply not true – any country can print as much money as they want, and they don’t need to have any gold reserves to back their currency.

But, that measure is only for extreme situations and is also considered dangerous because printing money causes inflation in an economy, and if you print too much money you can get hyperinflation also.

So how Money causes Inflation?

When you will have enough of money to live a comfortable life then money value of value will fall for you and will not be carrying about your expenses which give the seller a chance to earn more by charging higher prices and when prices are high in economy their exist inflation. Which is not good at all.

So to keep the economy in control and ensure there exist no Inflation or Deflation or Recession, RBI DON'T print enough money to make everyone RICH.