The Money Matters Essay Reflection
Do we think differently when it comes to money than we do for other things?
Money gives power to the person who has it. A simple paper that has the ability to purchase something can manipulate a person’s thinking. Every day, people around the world are exposed to the concept of money. Exposure to something that has an influence on making decisions and providing necessities can shift a person’s way of thinking in either a positive or negative way. Because of this exposure, it is a globally known fact yes, people think differently when it comes to money than they do for other things. Their priorities and values shape the way they are going to use these things that will determine whether they will attain the best quality of life or the opposite.
As economists say, the way people think about money is influenced by their behavior, ideals, and values. One example is on how they value and treat something, money included. There are things people can easily let go of, there are things they can just shrug off, but most of the time, when it comes to money, people tend to think quite longer and deeper. This means that they think of money having great importance in their everyday lives. The situation is also a factor that affects a person’s view about money. In relation to the human values and behavior, financial self-interest and rational thinking are two sides of the same coin people debate over in which one was used commonly in making decisions. These are also the reasons and examples why people have different mindset regarding different things.
Rational thinking is the way most people would deem right and approve of. This type of mindset is what is usually practiced to grow money faster and become a wise spender. It involves setting aside personal interests (i.e. luxuries) to make way for logical reasons. Generally, being rational is having the ability to resist temptation and avoid reacting on impulse (which is the common consumer behavior).
Submitting to financial self-interests can go in the way of a person’s rational thinking. People’s competitive nature and the desire to win in money-involving situations also set the mind to think less reasonably. When driven by a pull of temptation, especially in gambling, a person is usually hooked by the influence and belief that gambling is a way of earning money easily, which is contrary to what actually happens in real life. On the other hand, there are also people that have both their financial self-interests and rational thinking work efficiently and effectively. Though this type of thinking could be rare, it is still possible for every consumer in the world.
The way people think when it comes to money and other things depend on their ideals about it and how they value a certain thing. The roles of money and other things like necessities in our lives can be interchangeable according to the situation at hand. …
