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How Important Money is?

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Vikas Yadav

Money is defined as a current medium of exchange like coins and banknotes, as well as the assets and resources owned by someone. Money is needed for daily living expenses, relationships, and life plans. It affects standards of living, health, education, and self-esteem. Money functions as a lubricant and power in society, and brings freedom and status. Like oil, it can move resources to where they are needed. People are either spenders who lack regard for the future or savers who are shrewd investors and goal-setters. Proper money management is important for success through life's stages of dependence, independence and responsibility.

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How Important Money is?
Money is the “current medium of exchange in form of coins and banknotes; coins and banknotes collectively”. Money also means “the assets, property or resources owned by someone or something; wealth”.
$ For your daily living: food, clothing, shelter, etc. $ For your relationships. $ To fit properly into your plans. $ Money affects our standard of living, health, and education $ For your self-esteem.
 Money as Lubricant  Money as Power  Money brings Freedom. Money as “TIME” Money as “STATUS”
 Keeps the wheels of commerce turning.  Keeps the Flow of interacting lives working as a smooth machine.  Like oil, can be moved where it is needed.
How Important Money is?
How Important Money is?
How Important Money is?
How Important Money is?
Are You Following?
How Important Money is?
** Stage of Dependence ** Stage of Independence ** Stage of Responsibilty There is the need for you to lay the right kind of foundation for your future success. Money management skills are important for your success in all three stages, especially the last two.
SPENDERS AND SAVERS
SPENDERS ---  Have itching hands. - They spend their money and want to spend other people’s money also. - They have little practical regard for tomorrow and its demands. - They are familiar with begging and begging tricks! - Spenders spend until they are spent.
SAVERS ---  Are shrewd.  Are builders.  Are investors.  Are self-motivated and self-driven.  Are business-conscious.  Are goal-setters. W. Clement Stone said: “If you cannot save money, then the seeds of greatness are not in you.”
ARE YOU A SAVER OR A SPENDER ?
Educating Yourself About 1. Money Management 1.1 Set Goals 1.2 Get Organized 1.3 Track Spending 1.4 Build a Budget 1.5 Save Money 2. Earning more money will not make you rich!
 HEALTH  FAMILY  FRIENDSHIPS  TIME  COMMUNICATION  SELF – RELIANCE  HELPING OTHERS  HOBBIES
How Important Money is?
How Important Money is?
How Important Money is?
How Important Money is?
THANKS FOR LISTENING!

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How Important Money is?

  • 2. Money is the “current medium of exchange in form of coins and banknotes; coins and banknotes collectively”. Money also means “the assets, property or resources owned by someone or something; wealth”.
  • 3. $ For your daily living: food, clothing, shelter, etc. $ For your relationships. $ To fit properly into your plans. $ Money affects our standard of living, health, and education $ For your self-esteem.
  • 4.  Money as Lubricant  Money as Power  Money brings Freedom. Money as “TIME” Money as “STATUS”
  • 5.  Keeps the wheels of commerce turning.  Keeps the Flow of interacting lives working as a smooth machine.  Like oil, can be moved where it is needed.
  • 12. ** Stage of Dependence ** Stage of Independence ** Stage of Responsibilty There is the need for you to lay the right kind of foundation for your future success. Money management skills are important for your success in all three stages, especially the last two.
  • 14. SPENDERS ---  Have itching hands. - They spend their money and want to spend other people’s money also. - They have little practical regard for tomorrow and its demands. - They are familiar with begging and begging tricks! - Spenders spend until they are spent.
  • 15. SAVERS ---  Are shrewd.  Are builders.  Are investors.  Are self-motivated and self-driven.  Are business-conscious.  Are goal-setters. W. Clement Stone said: “If you cannot save money, then the seeds of greatness are not in you.”
  • 17. Educating Yourself About 1. Money Management 1.1 Set Goals 1.2 Get Organized 1.3 Track Spending 1.4 Build a Budget 1.5 Save Money 2. Earning more money will not make you rich!
  • 18.  HEALTH  FAMILY  FRIENDSHIPS  TIME  COMMUNICATION  SELF – RELIANCE  HELPING OTHERS  HOBBIES