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Why Does Money Matter So Much?

February 5, 2015 by · Leave a Comment 

By Samuel Phineas Upham

The concept of money, and its effects on people, can be difficult to grasp. Money is important. It is a tool that we can use to create what we want, but the idea of money may not be so simple. Tools are made for a specific purpose. You do not use a screwdriver to hammer a nail into the wall. Money was not necessarily created for any single purpose. You don’t acquire money, for example, in order to buy a fish or a cow. You may use it to get parts from those animals, as well as other produce and alcohol at a bar on Friday night.

Which leads to another important aspect of money, that money influences how others perceive you. Money can buy a flashy car and the latest clothes, which give off a certain persona. It’s telling that there are so many boutique millionaires that live simple lifestyles. Warren Buffet, for example, lives a frugal lifestyle in the same house he’s lived for most of his adult life. This means that the value of money is dependent almost entirely on what others perceive of it.

Which is why the concept of money is paradoxical. Money is dependent on what others perceive, and others clearly perceive money as having both a high and low value. Money matters because it enables us to move beyond our dependence on others and into self-actualization. It’s something that can influence or move entire cultures.

Samuel Phineas Uphamis an investor from NYC and SF. You may contact Phin on his Samual Phineas Upham website or Facebook page.

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