Is money more important than happiness?

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After having read the basics about money in my last post  Money is a good servant, but a bad master, I would like you to take a moment and think about todays situation. Why is that we feel that money is very important. Even when we are growing up, money seems to be very important in life so we always have the desire to have money and to save it if possible for the times when we can spend it for our various needs. But what do we do at times, we become so obsessed with money that we start loving it and try to save even a single penny and avoid spending on ourselves. So either we are on the other side – extravagant or we are too cautious to spend it at all. If any of us have seen financial crisis while growing up or have gone through such times at any point of our lives we start taking money as a source of happiness and security. No matter it does make us secure financially but to some point. As after that we need to be able to spend it on our requirement to grow every now and then. I have been one of those people I guess who have given too much importance to money, not that I start mistreating people or something but when it used to came to myself I would hardly spend any money. It is from last two years that I realised that it’s my money and it’s OK to spend it on myself or to fulfil my needs and desires through it if needed.
It struck me today that I am on the path of being free from the fears as part of my bucket list for the year, but then I also realised I am not free at all. I do have my own attachments and one of them is money. There have been such times that I avoided having food when I am travelling to stay on budget. And I am sure everyone has gone through this at least once when we feel like it’s better to save money for something better than using it for some immediate needs. I am on a mission to find everything about being happy so this is also one of my concerns. This doesn’t mean that we need to go to 5 start hotel everyday to have the best meal, but it does mean that doing small acts like saving a meal at times can also make us fall in love with the attachment of money and start trading our needs in terms of money.
I have been trying to imagine a world without money. Wired right, but then I was thinking about the original purpose of money as well. Why we invented this tool – to fulfil our needs. Right, and what are we doing with it? Accumulating a lot of times. People coming from rich background might not understand it fully that there are emotions attached to money at times. What happens when we start storing it for endless future – people who are not able to earn enough go through poverty. How would be life when there is a balance in terms of money? Don’t you think people would be happier? Did we invent money thinking that there might be people who are buying aeroplanes and on the other end there are people who don’t even have enough food for a meal or shelter for shade? Was this the purpose of money that our immediate family is only the owner of our stored money whereas some of the people around the world are starving to death? How did we let this happen? We didn’t want this did we? That money – piece of paper will become more important than life. How is this fair to mankind that we start trading people for money and selling ourselves for money? Didn’t we devise this tool to make it easier to exchange daily good and food and not to make nuclear bombs? Haven’t we have been spreading unhappiness by creating lack of money in certain countries or areas?
As I am writing this my heart is crying thinking about those new born babies who have to see poverty growing up and who will come to learn that we humans have made money everything and they are nothing without it. My soul is feeling so cramped with this notion that we have limited the natural happiness that is universal and unlimited by our own invention called money. I can’t make people happy today as all they think is if they have money then they can be happy. I can’t bring smile on every face today as they haven’t eaten for few days without money. Why things can’t be simple and we can use the things given to us by nature to feed ourselves and grow rich spiritually. God or whoever made this universe didn’t put a price tag on anything but we did. Everything in universe is really free to survive and live but we are selling even water. We love to own things and trade it later whether it’s land, water or even forests. How can I bring people close to themselves when they are lost in this vicious circle? Share your thoughts on this.

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Very Inspiring Blog Award

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I was nominated for ‘The Very Inspiring Blog’ award by UR. Her blog is her take on life with her musings,cooking/baking and a few DIY. I found this award particularly interesting and motivating as this is more than just an award when some one says that you inspire them. I always try to honor all the awards I get by posting them here and talking about the people who nominate me for the award. UR is a very talented blogger with a lot to offer here in the blogging world.

So as per the rules I am supposed to tell you 7 interesting(or rather weird)things about me-
https://talkingexperience.wordpress.com/2013/05/07/what-are-my-fears-people-say-i-dont-have-any-but-lets-look-at-it/
https://talkingexperience.wordpress.com/about/

Now the list of blogs to which I would like to pass on this award
1. http://mysuccessisyoursuccess.wordpress.com
2. http://andreasmoser.wordpress.com/
3. http://mariayarri.wordpress.com
4. http://wannabephotographer87.wordpress.com
5. http://cncfimoparadise.wordpress.com
6. http://projectlighttolife.wordpress.com
7. http://ourcloudlounge.com
8. http://traveloops.com
9. http://wyndydee.wordpress.com
10. http://poeticparfait.com/
11. http://bwbears.wordpress.com/
12. http://riveroftheheartblog.wordpress.com
13. http://lizterryblog.wordpress.com/
14. http://kgvisions.wordpress.com/
15. http://mittsandmeasures.com/

Thank you once again UR.

Rules are simple if you would like to post this on your blog otherwise I am happy to get just a smile on your face and feel a proud of what you have contributed here so far.

1. Display the logo of the award.
2. Link to who nominated you.
3. Say seven things about yourself.
4. Nominate a whopping fifteen other bloggers!
5. And in doing said nomination, link over to them (preferably to a specific post for a trackback).

Tag, You’re It! – Blog Award

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Lyn has again surprised me with this new award. Thanks a lot Lyn for being so generous. I am so inspired by you dear. I am following the rules of the award here.

1. Post a picture of the award on your blog – Done
2. Tag back to the person who tagged you to let them know you’ve accepted the award – Done
3. Share 11 facts about yourself – Done
4. Answer the 11 questions you’ve been asked – Done
5. Tag the same amount of people as there are letters in your name – Done
6. Ask 11 questions of the people you’ve tagged – Done
7. Contact the people you’ve tagged to let them know they’ve been tagged – Done
Okay, here we go…

Eleven random facts about me:

Here is my post with lot more than eleven facts about me..lol
https://talkingexperience.wordpress.com/2013/04/25/what-keeps-me-alive-want-to-know-lets-have-a-look
https://talkingexperience.wordpress.com/about/

1. You are going to a remote place–no TV, no cell phone, no electronics. And you can only bring along one book. Which book do you choose?
A: Not sure really may be something motivational or may be Ken Follet as they are long and can read longer

2. You have a plate full of French fries and a plate full of apples before you. Which plate do you go for?
A: The apples. Healthy choice 🙂

3. What is your favorite season of the year?
A: Summer

4. What is your favorite sports team (or player) in any sport?
A: I like racing games like F1 and Michael Schumacher is my favorite

5. Which do you prefer? Rocky or Rambo?
A: Rocky

6. What is your favorite old movie (“old” here being defined as any movie prior to 1990)?
A: I had to check internet for dates of movies..lol Speed is the movie that I really loved watching

7. What celebrity are you the most tired of?
A: None really

8. There is a romance movie on one channel, and a sci-fi movie on the other. Which do you watch?
A: Romantic

9. What is the most outrageous dare you ever accepted? Did you follow through and do it?
A: Opening 15 coke bottles with my teeth and that too with no bottle opener

10. Do you believe there is life “out there,” in outer space?
A: Yes I do

11. Which decade from the 20th century do you think had the worst fashion sense?
A: Wrong person for this question really… 😉

Oops I actually answered the questions asked for Lyn…and here are some more questions that Lyn has asked me…anyways I will answer these as well 🙂

Questions for my Nominees:
1. What was the last thing that made you laugh till you almost cried?
It was after a session that my friends made fun of the speaker’s strategy… not a very good thing to laugh upon but my friends were so funny about it that I couldn’t stop laughing really

2. What are you wearing at this minute?
Hmmm….m into my night gown as going to sleep soon

3. Favourite song?
Price tag as this is very motivating and I like to hear it to cheer myself up and smile

4. The last concert you went to?
None really

5. Hot dog or hamburger?
None

6. Your favourite movie?
Cold Mountain

7. Do you have a quote you live by?
Make someone smile every day if you can

8. Your earliest memory?
Faint memory of my birthdays

9. Chocolate or vanilla
Chocolate

10. Pepsi Max or Coke Zero
Pepsi Max

11. Your favorite memory of last summer?
Scuba Diving in Sydney

    And the nominees are (based on my name having 3 letters):

1. Mujiono – http://kaligrafinusantaraonline.wordpress.com
I love the music and his creativity on his blog. A very talented blogger 🙂

2. Maggie – http://maggiethom.wordpress.com
Lovely blogger with so much to share here with us 🙂

3. Ren – http://megaworthit.wordpress.com
Lovely and very talented blogger

4. http://eyedancers.wordpress.com
Michael is the author of The Eye-Dancers and write very nice stories

5. http://malcolmscorner.wordpress.com
Malcolm’s Corner is the personal blogging site of Malcolm Greenhill, President of Sterling Futures, a fee-based financial advisory firm in San Francisco, California.

6. http://busymindthinking.com/
An amazing blogger with a lot to share with the world

Congratulations all…you can choose to answer any of the above questions or just post this on your blog or smile when you get this …any thing will suffice my dear friend 🙂

Shine On Kavita With The….SHINE ON AWARD !!!

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One more time, another award adorns my blog !!!

I want to thank Michael and Anil from the bottom of my heart for nominating me for the SHINE ON AWARD. They have very nice blogs and I would recommend to go and check their website.

This award makes me realize that I have been moving on the right path and people like to read what I am writing which is really a big thing for me. Big hug and thanks to all the friends here for your interests and contributions to the blog.

THE RULES:

1. You must thank the person who has given you the award – Done

2. Copy the logo and place it on your blog – Done

3. Link person who nominated you for the award – Done

4. State seven things about me

SEVEN THINGS ABOUT ME

1. I want to make people smile whenever I can
2. I want to make sure that I become better person each passing year of my life
3. I am grateful to God for this good life
4. I listen to music when going to work usually
5. I like meeting energetic people as it’s more important to me to understand their perspective of life and how they react to things in life
6. I love thinking about the basics of life
7. I am in love with the people in my blogging world and can see how much love and faith people have here

MY SEVEN NOMINATIONS

1. Lyn – http://theencouragingscribe.wordpress.com
She is just amazing person and a great grandmother and I do believe that the children who have her in their life are blessed.

2. MJ at http://paintedpenguins.wordpress.com
A talented poet and very intellectual person

3. http://halfeatenmind.wordpress.com
Vijay is very active blogger and holds a journalism & media undergraduate degree

4. http://1cruzdelsur.wordpress.com/
Talented photographer and avid reader with awesome blog..and yes music is very soothing when you open the blog

5. http://everythingaussie.wordpress.com/
An interesting and very curious blogger with vast knowledge about various fields

6. http://cosytravels.wordpress.com/
A Danish organ player (Lars) and a Belgian language teacher (Ingrid)….lovely people on their journey to travel around the world

7. http://thenomadicsoliloquist.wordpress.com
Tanumoy is a computer engineer and have a good eye for photographs I must say

Congratulations to you all and keep up the good work

Money is a good servant, but a bad master

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The Meaning of Money

The American Federal Reserve System of Federal Reserve Banks is one of the government institutions that attempts to control inflation so that we Americans will continue to accept our money as having value. According to the Federal Reserve Bank of Minneapolis, money has three functions:

1. it’s a medium of exchange. We accept coins and currency in return for goods and services.

2. it’s a standard of value. We can use it to determine the value of a good or service.  For example, a computer selling at $2500 has a value 2 1/2 times what one selling at $1000 would have.

3. it’s a store of value. We can save our money and spend it for something we want in the future. [Reference: http://library.thinkquest.org/28718/history.html%5D

The History of Money

The history of money begins around 2500 years ago with the first minting of coinage in about the seventh to sixth century BC. Money is any clearly identifiable object of value that is generally accepted as payment for goods and services and repayment of debts within a market or which is legal tender within a country.

Since ancient times people have swapped items of value either in the exchange of gifts or else in markets where a commonly shared system of tokens is more convenient.

Many things have been exchanged in markets including, for example, livestock and sacks of cereal grain (from which the Shekel is derived) – things directly useful in themselves, but also sometimes merely attractive items such as cowry shells or beads were exchanged for more useful commodities. Precious metals from which early coins were made fall into this second category. [Reference: http://en.wikipedia.org/wiki/History_of_money%5D

Barter

The first people didn’t buy goods from other people with money. They used barter. Barter is the exchange of personal possessions of value for other goods that you want. This kind of exchange started at the beginning of humankind and is still used today. From 9,000-6,000 B.C., livestock was often used as a unit of exchange. Later, as agriculture developed, people used crops for barter. For example, I could ask another farmer to trade a pound of apples for a pound of bananas.

Shells

At about 1200 B.C. in China, cowry shells became the first medium of exchange, or money. The cowry has served as money throughout history even to the middle of this century.

First Metal Money

China, in 1,000 B.C., produced mock cowry shells at the end of the Stone Age. They can be thought of as the original development of metal currency. In addition, tools made of metal, like knives and spades, were also used in China as money.  From these models, we developed today’s round coins that we use daily. The Chinese coins were usually made out of base metals which had holes in them so that you could put the coins together to make a chain.

Silver

At about 500 B.C., pieces of silver were the earliest coins.   Eventually in time they took the appearance of today and were imprinted with numerous gods and emperors to mark their value. These coins were first shown in Lydia, or Turkey, during this time, but the methods were used over and over again, and further improved upon by the Greek, Persian, Macedonian, and Roman empires. Not like Chinese coins, which relied on base metals, these new coins were composed from scarce metals such as bronze, gold, and silver, which had a lot of intrinsic value.

Leather Currency

In 118 B.C., banknotes in the form of leather money were used in China. One-foot square pieces of white deerskin edged in vivid colors were exchanged for goods. This is believed to be the beginning of a kind of paper money.

Noses

During the ninth century A.D., the Danes in Ireland had an expression “To pay through the nose.” It comes from the practice of cutting the noses of those who were careless in paying the Danish poll tax.

Paper Currency

From the ninth century to the fifteenth century A.D., in China, the first actual paper currency was used as money. Through this period the amount of currency skyrocketed causing severe inflation. Unfortunately, in 1455 the use of the currency vanished from China. European civilization still would not have paper currency for many years.

Potlach

In 1500, North American Indians engaged in potlach, a term that describes the exchange of gifts at banquets, dances, and various rituals. Since the trading of gifts was so important in figuring the leaders’ community status, potlach went out of control as the gifts became more extravagant in an effort to surpass others’ gifts.

Wampum

In 1535, though likely well before this earliest recorded date, strings of beads made from clam shells, called wampum, are used by North American Indians as money. Wampum means white, the color of the clam shells and the beads.

Gold Standard

In 1816, England made gold a benchmark of value. This meant that the value of currency was pegged to a certain number of ounces of gold. This would help to prevent inflation of currency. The U.S. went on the gold standard in 1900.

Depression

Because of the depression of the 1930’s, the U.S. began a world wide movement to end tying currency to gold. Today, few nations tie the value of their currency to the price of gold. Other government and financial institutions now try to control inflation.

Today

At present, nations continue to change their currencies. For example, the U.S. has already changed its $100 and $20 banknotes. More changes are in the works.

Tomorrow

Tomorrow is already here. Electronic money (or digital cash) is already being exchanged over the Internet.

Reference: http://library.thinkquest.org/28718/history.html?tql-iframe

Why do we use money?

We use money as payment for goods or services. Today people use coins, banknotes (bills), checks, credit cards, and debit cards (the cards used at automatic teller machines, or ATMs) to pay for things. Before money was invented, you could only get something from another person by bartering or trading something else for it. It was hard to make even trades and the deal had to be made on the spot. The introduction of money offered people greater flexibility when trying to get goods or services: it made it possible to put standard values on things, and money could be saved and used for future purchases. [Reference: http://www.answers.com/topic/why-do-we-use-money#ixzz2UXjTicdl%5D

Money Wears Out

It doesn’t take long for money to wear out. In fact, money can wear out in as little as 15 months. The Federal Reserve Bank of Atlanta shows the approximate life of paper currency denominations and coins.  A table based on its information follows:

Denomination

Length of Time

$1.00

18 months

$10.00

18 months

$5.00

15 months

$20.00

2 years

$50.00

5 years

$100.00

8 1/2 years

Coin

25 years

Commercial banks send worn-out notes to a Federal Reserve Bank to be replaced. Then, the Reserve Banks sort the money they get and decide whether or not it can be reused. If it can be, they put it in vaults until it recirculates again through the commercial banks. Reserve Banks then burn the unusable paper money and return the damaged coins to the U.S. Treasury.