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Why is money important
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[QUOTE="Richee84, post: 267710, member: 42448"] Money is important to us in various ways of our life. Money is very essential to our survive here on earth and there is various nothing we can do that will not involve the use of money. Bellow are some of the important of money to us as individual 1). Business motive; Money is very important in the commencement of any business we intend to do. Before we can start or commence any busines, we must have money to buy the material resources needed for the business. Money will also be needed to pay staff salary and wages. Money will also be needed for the expansion of the business in the future to gain advantage over it competitors. 2) Investment purposes; In order to invest in any capital project, landed prot, estate property, stock and so on that can bring in future benefit for the owners, we need money to invest in those asset now. 3). Speculative motive; Money is Important to our future and must be safe for speculative motive. This help us to have money available in future to take care any case of unforeseen circumstances that might happen. Money safe us from future embarrassment that might come our way if we don't save for the future [/QUOTE]
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