ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How much money one needs?

Updated on August 9, 2013

Why we need money and how much?

Ever since trading practices started around the world, people got attracted to precious metals, coins and paper currencies. Prior to that bartering was prevalent throughout human community. For instance, I grow grain in my land. I need milk or other products which I do not have access. What I do is simple. I take a bag of grain and exchange it for a pint of milk with the milkman. But there were problems of carrying goods and searching for the prospective buyer. Of course, the idea of a common place like the bazaar or sandy started after people encountered lot of problem in carrying their goods and searching for the items needed from others. The sandy served the purpose, since it is a common place for buying and selling all the products available in that place. Thus started commerce and trade activities. More and more products were added to the list.

People were intelligent and they found that this practice of exchange also involves many problems. There is no proper yardstick to fix the price of different materials and goods. Hence, the demands for a particular item escalated the price of the item, especially if it is of short supply. Even in today’s market conditions, we find that precious metals like gold; silver and platinum are of much value due to short supply. Hence Nations too started accumulating gold bars as a mark of their wealth. Accordingly the currencies are printed. But most of the governments do not hold sufficient quantity of gold bars but they print currency notes in excess of their gold reserve. This has caused huge inflation and the money value in the exchange market got decreased. There is another aspect. We import certain goods from other countries when we face shortage locally. Also we export the surplus goods to the needy nations.But in most of the cases; the value of imported goods will be higher than the export. This affects the balance of payments or trade deficit.

Now let us come to the main theme. After the invention of paper currencies, people were free to purchase anything if they possess sufficient money. Thus started, the attractions for money from all segments of society. Money has become very essential for our living on earth. The question is ‘how much money we need? Of course, it is a very difficult question to answer. It depends upon our essential needs like food, cloth, shelter, medicines, transport and education of our siblings. Once Sathya Saibaba has told a nice example to explain the point. He said, You go to a footwear shop to choose a shoe or slipper. What you usually do is to give the number of your shoe denoting the size. If you are not clear, the salesman will himself measure the size of your feet and select a suitable size for you. When he shows some designs corresponding to the size, you may choose a suitable one, wear it and walk a few steps. If it is tight and biting, you ask the salesman to show the next size. If it is too loose, you will select one size less. The idea is that the shoe or slipper is a perfect fit and it doesn't cause uncomfort while walking. So you choose the correct size. In respect of money, the same analogy holds good. You should be able to live comfortably and the money needed for a comfortable living is the judging point. If you earn less, you may not be able to fulfill your basic needs. If it is more, then you invite lot of troubles on your head. First, the income tax people, second the thieves and relatives, third, our own kith and kin and lastly fire and flood. These four categories are waiting to seize your excess money by hook or crook! For instance, if you wear a loose shoe which is higher than your size, the shoe will slip while walking and you will feel uncomfortable. If it is of less size, it will bite your feet! Hence, decide for yourself how much you need.

Saibaba holding a gold piece materialized!


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)