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The Top 7 Things Money Can Buy

Updated on April 30, 2014

Money, Money!

Money is any form of currency that is a current medium of exchange for transactions. Money is accepted as a payment or a repayment for goods and/or services that have been or will be received, which is a process that is called a transaction. Money can also be considered income in the form of a paycheck that a person earns by working a job. Money is also revenue that a company earns from sales or services rendered. Money is considered a very valuable commodity within the economy because it can be used to purchase many different things that are needed, wanted, or desired. Money has changed throughout the centuries and is not what it once was.

American Banknotes and Coins

The Types of Money

Cattle is the currently known oldest form of currency that was used to purchase goods and services. Evolving civilizations would use beans, nuts, seeds, or tokens as a form of currency. As time and technology increased, currency changed to become more modern. Now, different countries honor and value their own form of money. The forms of current money, also called cash, include:

  • Banknotes, which is durable paper money referred to as dollar bills.
  • Coins, which are produced from metals and is referred to as change.

Credit, debit, and ATM cards are not considered money, however the currency within the accounts that are linked to those cards is money.

Numbering Machine For Paper Money

Banknotes are made by:

1. Large sheets of paper go through a machine that adds strips of color on the front and back of the paper; such subtle, and not obvious, coloring makes it hard for anyone to make counterfeit, or fake, money.

2. Another machine puts a special type of ink on a big metal plate that is engraved with a picture and numbers; the plate is wiped clean so that the ink is left only in the grooves of the plate; with 50 tons of pressure, the plate and the paper are pressed together so it transfers the engraved images onto the paper and gives the banknote a texture.

3. Symbols are added with a serial number and a mark that indicates to which part of the country the bill will go; a machine then cuts the sheets into individual bills, counts them, and also checks again to make sure the color is perfect; if something is wrong with a bill, a worker takes it out of the stack, destroys it and replaces it with a bill with a star after its serial number.

Coins are made by:

1. Blanks are punched from coiled strips of metal about 13 inches by 1,500 feet.

2. The blanks are heated in an annealing furnace to soften them and then they are run through a washer and dryer.

3. The good blanks go through an upsetting mill to give the coins a raised room around the edge.

4. The blanks go to the coining press, where they are stamped with the designs and inscriptions.

5. The coins are inspected, counted, and bagged.

True or False

Money is everything.

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Money is Necessary

Money does make the world function with purchases, expenses, and income that are obtained on a daily basis. Money provides the wants, needs, and desires for people to survive and thrive in this world. Money can make people happy and allow them to accomplish many goals they have set. Money is important and is what most people strive to have every day. Working is the best way to have money and saving is the only way to have an abundance of money. Money is necessary, even if some people don't like that fact.

What Will You Spend Your $$ On?

The Top 7 Things Money Can Buy

There are many different things that money can buy, from needs to luxuries. The list below will examine that fact in detail, explaining the top 7 things that money can buy. The Top things that money can buy are important to everyone and can be obtained buy having money. Some of the best things in life are free, but some of the best things in life can be purchased. Spending money wisely can open doors for unexpected things to happen and important goals to be accomplished. What will you spend your money on?

1. Money Can Buy Happiness.

Money can buy happiness, but it depends on how it is spent. Purchasing lavish and expensive gifts for yourself will not buy happiness, but buying lavish and expensive gifts for other people can increase your happiness. Donating funds to charities can also increase happiness. Check out the video on the right for more information on how money can buy happiness.

2. Money Can Buy More Money.

Money can buy more money that is valuable, rare, and collectible. When rare and collectible money is kept for long periods of time, the value increases. This means that it becomes worth more than face value. For example, silver coins made before 1964 contain real silver, whereas modern silver coins are made of clad.

3. Money Can Buy Time.

By purchasing time saving products, services, and technology, a person can buy time. The time that is saved from certain things is time that can be used for accomplishing goals that will increase happiness. There are many gadgets and products that are available to save people time. These days people need more time for family, friends, and responsibilities. So why not buy time instead of continually wasting it on unnecessary things.

4. Money Can Buy a Vacation.

This is one of the top things that money can buy because everyone needs a vacation every now and then. Many people enjoy family vacations at least once per year. A vacation to an exotic place, or even out of town, can provide a person with some time to relax and forget about the stress and worries that are back at home. Some quality time for yourself or with family/friends can keep any person from getting burnt out on work and daily responsibilities. A vacation can be helpful for a person's mind, body, and soul. Where will you take your vacation this year? It is a top thing that money can buy and well worth it too.

5. Money Can Buy Life.

With advances in technology during this modern era, money can buy life. There are many different medical treatments that are available to conceive a child, like infertility treatments. A person could even purchase donor eggs and/or sperm, have sperm injections, or have reproductive surgery. Adoption is another way of how money can buy life. This topic also includes people that are dying, and their life can be saved by money and with technology. Now money can buy life, but it has not always been that way.

6. Money Can Buy Freedom.

Money can buy freedom. Freedom is the power or right to act, speak, or think as one wants without hindrance or restraint. In the context of financial freedom, bills and debts can be paid in full with money, along with money in a checking and savings account, so that a comfortable lifestyle can be created. Financial freedom can pave the way for success, comfort, and even relieve certain health ailments. Freedom from debt can reduce stress, blood pressure, and anxiety. Money and bills are a necessary part of life, but debt and financial hardships are not.

7. Money Can Buy a Peaceful Mind.

Money can buy a peaceful mind by providing a solution to financial problems. Once all financial problems are resolved with financial stability, there is less stress and worrying in a person's life. Having a peaceful mind can allow a person to think about other things, like setting goals or future accomplishments that can be done. A peaceful mind can reduce anxiety and blood pressure to a normal healthy level. When a person can think more clearly, and not about money, they can do anything and become more successful within their life. Money can have an effect on health, mentally and physically. There can be stress and worrying or happiness and peace.

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    • Cristale profile image
      Author

      Cristale 3 years ago from Florida

      Thank you for reading and for voting.

    • Cristale profile image
      Author

      Cristale 3 years ago from Florida

      Thanks for reading this hub.

    • Harishprasad profile image

      Harish Mamgain 3 years ago from India

      Money is not a thing to be detested, rather it is to be appreciated and revered. In this part of the world, it is one of the four objectives of our life. Firstly, Dharma (Pursuit of right Conduct as per religious and moral injuctions), Then, Artha ( Pursuit of earning money substantially for livelihood and other purposes), Kama ( Pursuit of enjoying carnal bliss or enjoying sexuality) and lastly Moksha ( Pursuit of liberation or salvation ). Not only this, we have a great Goddess named Lakshmi who we whorship to be blessed with money ). We call money by her name i.e. Lakshmi. Cristale, you have rightly stressed on the importance and dignity of money in our life. A very important message and a beautifully written article. Voted up.

    • ChitrangadaSharan profile image

      Chitrangada Sharan 3 years ago from New Delhi, India

      Excellent hub!

      I do believe that money is important and it is necessary to earn a good amount to live happily.

      Very interesting way to explain the importance of money in our life. Voted up and shared on HP!

    • Emmyboy profile image

      Emmyboy 3 years ago from Nigeria

      You are right, Cristale. Money is very necessary and important.

      Me, I need all the money I can get in this world, just to buy me all the freedom I can get in this world.

      Nice hub, thanks for sharing.