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Yeremey Boars
Yeremey Boars

Writing an Essay About Money: Tips, Examples, and Prompts



- Provide some background information on the topic - State the main argument or thesis of the essay H2: Body Paragraph 1 - Topic sentence: Money is necessary for survival and well-being - Explain why money is essential for meeting basic needs and achieving goals - Provide evidence from sources to support the point - Analyze how the evidence relates to the thesis H2: Body Paragraph 2 - Topic sentence: Money can also be used for the greater good - Explain how money can be used for positive purposes such as investing, donating, or supporting causes - Provide evidence from sources to support the point - Analyze how the evidence relates to the thesis H2: Body Paragraph 3 - Topic sentence: However, money is not everything and has its limitations - Explain how money can also cause problems such as greed, corruption, or inequality - Provide evidence from sources to support the point - Analyze how the evidence relates to the thesis H2: Conclusion - Restate the main argument or thesis of the essay - Summarize the main points of the body paragraphs - Provide some implications or recommendations for further research or action H2: FAQs - List five frequently asked questions about the topic and provide brief answers Article with HTML formatting: How to Start an Essay About Money




Introduction




Did you know that there are more than 180 different currencies in the world today? Or that the total amount of money in circulation is estimated to be around $37 trillion? Or that some people believe that money can buy happiness, while others think that it is the root of all evil? Money is a fascinating and complex topic that affects everyone in different ways. In this essay, I will argue that money is necessary for survival and well-being, but it can also be used for the greater good or cause problems depending on how it is used.




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Body Paragraph 1




Money is necessary for survival and well-being. Money is essential for meeting our basic needs such as food, shelter, clothing, health care, and education. Without money, we would not be able to afford these necessities and live a decent life. Money also enables us to pursue our goals and dreams, whether they are personal, professional, or academic. For example, if we want to travel, start a business, or get a degree, we need money to pay for transportation, equipment, or tuition. Money can also provide us with security and peace of mind, knowing that we have enough resources to cope with unexpected situations or emergencies.


To support this point, I will use evidence from a source that discusses the importance of money for human well-being. According to a study by Kahneman and Deaton (2010), money has a positive impact on people's life satisfaction up to a certain level of income. They found that people who earn more than $75,000 per year do not report higher levels of happiness than those who earn less. However, they also found that people who earn less than $75,000 per year report lower levels of emotional well-being and more negative emotions such as stress, sadness, or anger. This suggests that money can improve our quality of life by reducing our suffering and increasing our satisfaction.


This evidence relates to my thesis by showing that money is necessary for survival and well-being, but it is not sufficient for happiness. Money can help us meet our needs and achieve our goals, but it cannot guarantee our happiness or fulfillment. Happiness depends on other factors such as relationships, health, or meaning.


Body Paragraph 2




Money can also be used for the greater good. Money can be used for positive purposes such as investing, donating, or supporting causes that benefit society or the environment. Investing money means using it to generate more income or wealth in the future, which can create more opportunities and resources for ourselves and others. Donating money means giving it to individuals or organizations that need it more than we do, which can help alleviate poverty, inequality, or suffering. Supporting causes means using money to fund or promote projects or movements that aim to improve the world in some way, such as fighting climate change, advancing human rights, or promoting education.


To support this point, I will use evidence from a source that discusses the benefits of using money for the greater good. According to a report by Giving USA (2020), Americans donated $449.64 billion to charitable causes in 2019, which was a 4.2% increase from the previous year. The report also found that individuals accounted for 69% of the total giving, followed by foundations (17%), bequests (10%), and corporations (5%). The report identified education, health, human services, and religion as the top four recipients of charitable giving. This suggests that money can be used for the greater good by supporting various sectors and causes that improve the lives of others.


This evidence relates to my thesis by showing that money can also be used for the greater good, but it requires intention and action. Money can be a powerful tool for positive change, but it depends on how we use it and what we value. We can choose to use money for the greater good by investing, donating, or supporting causes that align with our values and vision.


Body Paragraph 3




However, money is not everything and has its limitations. Money can also cause problems such as greed, corruption, or inequality. Greed means wanting more money than we need or deserve, which can lead to selfishness, dishonesty, or exploitation. Corruption means using money to influence or manipulate others for personal gain, which can undermine trust, justice, or democracy. Inequality means having an unfair distribution of money among people or groups, which can create social problems such as poverty, crime, or violence.


To support this point, I will use evidence from a source that discusses the drawbacks of money. According to a book by Graeber (2011), money has a history of violence and oppression. He argues that money was originally created as a way of measuring debt and enforcing repayment, which often involved slavery, war, or taxation. He also claims that money has enabled the emergence of large-scale hierarchies and bureaucracies that dominate and exploit people and nature. He suggests that money is not a neutral medium of exchange, but a system of power and control.


This evidence relates to my thesis by showing that money is not everything and has its limitations, but it also reflects our choices and actions. Money can cause problems such as greed, corruption, or inequality, but it is not inherently evil or good. Money is a social construct that we have created and shaped over time. We can choose to use money for good or evil, depending on our values and ethics.


Conclusion




In conclusion, money is a fascinating and complex topic that affects everyone in different ways. In this essay, I have argued that money is necessary for survival and well-being, but it can also be used for the greater good or cause problems depending on how it is used. Money can help us meet our needs and achieve our goals, but it cannot guarantee our happiness or fulfillment. Money can be a powerful tool for positive change, but it requires intention and action. Money can cause problems such as greed, corruption, or inequality, but it also reflects our choices and actions. Money is not everything and has its limitations.


Some implications or recommendations for further research or action are: - To explore how different cultures and societies view and use money - To examine how money affects our psychology and behavior - To evaluate how money influences our relationships and values - To learn how to manage our money wisely and responsibly - To find ways to use our money for the greater good


FAQs




Here are some frequently asked questions about the topic and brief answers:



  • What is money? Money is any item or record that is generally accepted as payment for goods and services or repayment of debts.



  • What are the functions of money? Money has three main functions: medium of exchange, unit of account, and store of value.



  • What are the types of money? Money can be classified into different types based on its characteristics: commodity money (such as gold or silver), fiat money (such as paper bills or coins), digital money (such as cryptocurrencies or online payments), etc.



  • What are the advantages and disadvantages of money? Money has many advantages such as facilitating trade, measuring value, saving time, etc., but it also has some disadvantages such I have already written the article with HTML formatting. Here is the rest of the article: as inflation, inequality, corruption, etc.



  • How can we use money for the greater good? We can use money for the greater good by investing it in productive and sustainable ventures, donating it to charitable and social causes, or supporting projects and movements that aim to improve the world in some way.



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